Cyanuric Chloride Market Analysis: Pricing Insights, Industry Trends, and Future Forecasts | A Comprehensive Report by Procurement Resource
In the Asia Pacific region, the price trends of cyanuric chloride during the first two quarters of 2023 was influenced by the dynamics of its feedstock materials and downstream industries. The declining consumption rates and weakening demand from various sectors marked the first quarter. Although the Asian economy and production rates showed improvement in the second quarter, the demand for cyanuric chloride's feedstock materials remained sluggish, compounded by stagnant consumer demand. Europe faced similar challenges with subdued trading sentiments and oversupply. North America saw declining prices due to weakening consumer potential, excess inventories, and economic struggles. The overall trend in both regions was downward in the face of economic uncertainty.
