Chemanalyst27 Sep, 2023Business
The US market has experienced volatile carbon disulphide prices throughout the second quarter of 2023 due to limited demand and ample inventories. The tightening of monetary policy and the expected slowdown in the US economy have contributed to weak economic activity, affecting the growth of various commodities, including carbon di sulphide. The domestic market has seen tepid demand from downstream fertilizers and packaging industries, leading to a decline in carbon disulphide prices. The collapse of two significant banks in late Q1 of 2023 has also had repercussions on the performance of manufacturing industries. Despite this, core inflation has consistently exceeded targeted levels set by the US Federal Reserve, resulting in strained trade activities. Additionally, lower freight charges and sufficient material availability have further supported the downward trend of carbon disulphide prices in the domestic market.
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