Get the latest insights on price movement and trend analysis of Naphthalene in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Naphthalene Price Trend for the H1 of 2023
The price trend of naphthalene fluctuated in the first quarter of 2023 as the cost of crude oil remained uncertain throughout the quarter. The slow movement of the market forced the manufacturers to adopt a wait-and-see approach and caused the demand for the product in the market to decline. However, the second quarter was favourable for the prices of naphthalene. The market in this quarter surged due to lower supply from the US markets.
A stagnancy in the trajectory of naphthalene prices was seen in the first quarter of 2023. In this quarter, the delays in shipments, low demand, and reduced production activities due to high inflation and weak economic growth of the market led to a stable trend. These factors continued to influence the market even in the second quarter. Along with this, the PVC and agrochemical industries showcased a low interest in naphthalene which led to the problem of oversupply in the region that eventually caused the downfall in naphthalene prices.
The prices of naphthalene declined gradually in the first and second quarters of 2023 due to the adverse effects of weak demand and dipping market activities in the region. The reduction in demand for naphthalene caused the level of inventories to rise and sliding feedstock prices aided in the fall of naphthalene prices. Amid these market conditions, the traders were eventually forced to reduce their profit margins, which led to the disruption in trading cycles.
According to Procurement Resource, the price of Naphthalene is expected to showcase a downward trend due to the fall in global demand for naphthalene and sliding feedstock prices.
Procurement Resource provides latest prices of Naphthalene. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Naphthalene is a white, crystalline aromatic hydrocarbon with the molecular formula C10H8. It is composed of two fused benzene rings and is commonly found in coal tar and petroleum. With a distinct, pungent odor, naphthalene is often used as a moth repellent or as a raw material in the production of dyes, resins, and plastics. It is volatile and sublimes at room temperature, transitioning from a solid to a gas without becoming a liquid.
|Industrial Uses||Moth flakes and moth balls, Fuels and additives, Lubricants and greases, Solvent system, Plastics|
|Molecular Weight||128.17 g/mol|
|Synonyms||Naphthalin, Tar camphor|
|Supplier Database||Rain Carbon Inc, JFE Chemical Corporation, Exxon Mobil Corporation, Carbotech, Epsilon Carbon Private Limited|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The distillation and fractionation techniques are used in this process. Crude naphthalene is produced by cooling and crystallizing the middle portions, which contain the majority of the naphthalene. In order to produce refined naphthalene, the crude product is then placed into a distillation, washing, and sublimation process.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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