Propyl Paraben Pricing Trend and Forecast

Description

During the fourth Quarter of 2022, the Propyl Paraben Pricing witnessed an ascending price trend. With the start of October, the prices inclined considerably on the back of increasing downstream Propylparaben demand from various pharmaceutical industries. Following the mid-q4 the cost of Propylparaben remained on higher side significantly supported by Higher global demand, supply chain disruptions and European energy prices. With this, the prices for Propylparaben recorded got assembled at USD 7526/MT CFR Los Angeles in the month of November. Moreover, towards the termination of the fourth quarter Propylparaben market started to decline as the demand became lighter along with the thanksgiving holidays, resulting in stock pining of inventories among the market participants.

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