Iron Oxide Prices: During the second quarter of 2023 | ChemAnalyst

Chemanalyst23 Aug, 2023Business

The Asian market witnessed a bearish trend in the iron oxide prices throughout the second quarter of 2023, with prices declining by more than 20%. Key market players reported a profit decline of over 26% compared to the first quarter. Demand remained subdued as the construction industry failed to recover as initially anticipated. This downturn also adversely affected the demand for downstream paint, coating, and concrete industries.