Chemanalyst19 Oct, 2023Business
In Germany, the Benzalkonium Chloride market showed mixed conditions in Q2. Prices decreased in May compared to April, mainly due to oversupply among merchants and suppliers, as well as a decrease in demand from end-user industries. The German Manufacturing PMI for June 2023 decreased to 43.2 from April's 44.5, indicating reduced buying activity and new order inquiries. Rising inflation and the European Central Bank's interest rate hike in June affected the German economy, leading to higher costs in food and energy-related activities dependent on Benzalkonium Chloride. The Manufacturing PMI for June 2023 further declined to 41.0, suggesting lower inventory levels in the market, resulting in price increases. Market participants focused on restocking inventories, contributing to a more favorable market situation.
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