Hydroquinone Prices Trend and Forecast
North America
In the Fourth quarter of 2022, Hydroquinone witnessed fluctuating market trends in the North American region. At the commencement of Q4 2022, the prices were recorded to increase until the second month of Q4 due to a high production rate, several logistic issues, and rising inflation. The positive support from the upstream feedstock Phenol and Hydrogen Peroxide also influenced the Hydroquinone Prices. Also, the blooming transportation cost and port congestion in the major ports kept the market situation robust. Furthermore, disorganization and slowdown in the production of API, along with rising energy costs, influenced the market positively. Later in December 2022, the prices fell on the back of ease in the inflation and lowering demand from the end-user sector. At the termination of Q4, the prices accessed were USD 10850/MT CFR Houston with an average quarterly inclination of 0.53%.
Asia
In the Fourth quarter of 2022, the Hydroquinone market stabilized in the APAC region. At the commencement of Q4 2022, the prices were recorded to increase in the first month of Q4 due to several factors, including increased input cost, high production rate, and several logistic issues. Also, the Consumer price index rose at the end of the last quarter of 2022, impacting the market situation. In addition, the positive support from the upstream feed Phenol also influenced the market. With the commencement of the second month of Q4 2022, Hydroquinone witnessed stabilization in the market activities keeping the prices firm with slight fluctuating on the lower end on the back of consistent demand and ease in the feedstock Phenol prices globally. The prices of Hydroquinone were recorded to be USD 13250/MT CFR Shanghai with an average quarterly inclination of 0.52%.
Europe
The market situation for Hydroquinone showcased a deflation throughout the Fourth Quarter of 2022. The prices of Hydroquinone were accessed at USD 9980/MT CFR Le Havre with an average quarterly declination of 1.67%. With ease in the shipments and transportation activities, the market showcased feeble sentiments. Also, relief of the port congestion in the major ports of Europe continues to facilitate an unhindered supply chain keeping the market weak. Low input costs and a significant decrease in feedstock Phenol and Hydrogen Peroxide prices negatively impacted Hydroquinone prices. The annual inflation rate in France slowed to 5.9% in December of 2022 from 6.2%, keeping the market situation feeble.
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