In the first half of 2023, the cotton price trend in Asia-Pacific experienced fluctuations but showed an overall increase, driven by strong demand domestically and internationally. India’s cotton production was adversely affected by weather challenges and other issues, leading to inventory depletion and price hikes. Some traders stockpiled cotton, further inflating prices. In the second …
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In the Asia Pacific region, the Med Density Fiberboard (MDF) market experienced an unexpected uptick due to several international players entering the market and strong domestic interest in automation. The growth was further propelled by the booming furniture and sports equipment industries. The COVID-19 pandemic led to increased MDF demand, driven by a surge in …
During the first and second quarters of 2023, onion prices surged worldwide, straining consumer budgets in countries like the Philippines and across Asia, where onion costs even outpaced those of meat by 25-50%. Surprisingly, demand for onions remained strong due to their status as a global food staple. Request for Real-Time Onion Prices: https://www.procurementresource.com/resource-center/onion-price-trends/pricerequest The …
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Throughout the first and second quarters of 2023, tomato prices surged globally, driven by adverse weather conditions. Heavy rains and flooding in various regions disrupted production and depleted inventories. In the UK, high-price imports rose significantly to 95% as key suppliers like Spain, Morocco, and the Netherlands faced weather-related challenges and increased energy production costs. …
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Acetamide production, reliant on acetic acid and ammonia, witnesses price trends closely tied to its raw materials. Versatile applications across industries dictate Acetamide market dynamics. In the initial two quarters of 2023, the Chinese market’s subdued economic recovery hampered manufacturing, resulting in below-par Acetamide demand and consistently lower prices. In contrast, Europe experienced relatively stable …
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Silver nitrate finds diverse industrial uses due to its light-sensitive and antibacterial properties. It plays a vital role in generating images for photographic films and sheets. In the pharmaceutical sector, it is a key component in wound care products owing to its antibacterial qualities. Additionally, silver nitrate is utilized in the production of electrical conductors …
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In the first quarter of 2023, the Asia Pacific region witnessed a surge in zinc phosphate prices due to robust demand, steady supply, and increased imports. However, this positive trend was short-lived, waning in the latter part of the first quarter and continuing into the second quarter. Request for Real-Time Zinc Phosphate Prices: https://www.procurementresource.com/resource-center/zinc-phosphate-price-trends/pricerequest Expanded …
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The silicon carbide market in 2023 exhibited diverse price trends across key global regions. In Asia, the first quarter saw price increases driven by sustained demand, particularly from the pharmaceutical sector, and external factors like cultural events and geopolitical tensions. However, the second quarter brought a sharp decline, primarily due to reduced purchasing activities and …
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In the first two quarters of 2023, the price trend of softwood lumber exhibited fluctuations. Initially, during the early first quarter, the industry faced sluggishness, particularly in Canada, due to reduced construction activities. Although February saw a brief uptick driven by downstream industry demand, this improvement was short-lived. Concurrently, traders reduced stocking due to weak …
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In the Asia Pacific region, caustic potash market faced initial decline in Q1, 2023, due to inflation and slow market recovery from COVID-19. However, demand surged towards the quarter-end, particularly from agrochemical industries. Q2, in contrast, witnessed caustic potash price decline due to oversupply, reduced demand from overseas and domestic buyers, lowered production costs, and …
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