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In contrast to the last quarter of 2022, Monochloroacetic Acid showed positive market sentiments in North America during Q2 2022. A shot up in the upstream crude value has impacted the feedstock Acetic acid and Acetic anhydride prices, which further kept the prices of Monochloroacetic Acid in an upward trend. In addition, Increased demand from the downstream derivative Sodium Mono Chloroacetate and Ethyl Acetate market further increased regional market prices.<br><br>https://www.chemanalyst.com/Pricing-data/monochloroacetic-acid-1156
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Monochloroacetic Acid Price Trend and Forecast In contrast to the last quarter of 2022, Monochloroacetic Acid showed positive market sentiments in North America during Q2 2022. A shot up in the upstream crude value has impacted the feedstock Acetic acid and Acetic anhydride prices, which further kept the prices of Monochloroacetic Acid in an upward trend. In addition, Increased demand from the downstream derivative Sodium Mono Chloroacetate and Ethyl Acetate market further increased regional market prices. Moreover, limited supply and surging demand coupled with concerns over sky-high inflation took Monochloroacetic Acid prices to new highs in the USA market. Additionally, major raw material Acetic Acid manufacturers had announced force majeure. Firstly, Celanese announced force majeures on Acetic Acid and VAM production, followed by INEOS declaration of force majeures while being on planned maintenance and failing to cater to the customer's demand. Hence, there was a significant disruption in the supply chain, resulting in a price hike of Monochloroacetic Acid in the USA market. Thus, during June, Monochloroacetic Acid price were around USD 1990/MT. Overall, the demand from the agrochemical sector, including herbicides and insecticides, has remained robust, as have the other facets for the high pricing of Monochloroacetic Acid across the region. https://www.chemanalyst.com/Pricing-data/monochloroacetic-acid-1156
Prices of Monochloroacetic Acid in Europe In the second quarter of 2022, a shortage in the supply of key raw materials, Acetic acid, was observed across the European region, which was reflected in the rising prices of Monochloroacetic Acid in Europe. In addition, regional market trading activities accelerated with an increase in spot Monochloroacetic acid prices. At the same time, Germany's energy challenges increased with the surging Russia-Ukraine conflict impacting the specialty chemicals. Moreover, rising raw material prices squeezed the profit margin of primary downstream pharmaceutical and agrochemical manufacturers. Meanwhile, Surging gas prices in Europe have already caused some producers to seek energy price surcharges in their contract negotiations separately. Thus, Monochloroacetic Acid prices were nearly USD 2020/MT during June. https://www.chemanalyst.com/Pricing-data/monochloroacetic-acid-1156
Price of Monochloroacetic Acid in North America online During the second quarter of 2022, Monochloroacetic Acid has witnessed a downward trajectory. The Monochloroacetic Acid market witnessed a fall in China due to abundant supplies and bearish demand. In the second quarter of 2022, a shortage in the supply of key raw materials, Acetic acid, was observed across the European region, which was reflected in the rising prices of Monochloroacetic Acid in Europe.
During the second quarter of 2022, Monochloroacetic Acid Pricing During the second quarter of 2022, Monochloroacetic Acid pricing has witnessed a downward trajectory. The Monochloroacetic Acid market witnessed a fall in China due to abundant supplies and bearish demand. Low feedstock Acetic acid prices kept the prices of Monochloroacetic Acid in a downward trend. The declination has been attributed to the increased inventory level in the domestic market backed by the ramped-up production and reduced offtakes followed by the low demand from the downstream dyes and Agrochemical industry. Although, growth in China's manufacturing activity softened in June as export demand weakened and producers struggled with supply bottlenecks. In addition, new export orders and production declined, which has weighed down the prices of Monochloroacetic Acid. Besides, supply shortages continued to hold back output in the manufacturing sector. Hence, Monochloroacetic acid FOB Qingdao prices were settled at around USD 955/MT, dropping nearly 8.6% during June. https://www.chemanalyst.com/Pricing-data/monochloroacetic-acid-1156
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