Resorcinol Prices in the second quarter of 2023

Chemanalyst04 Sep, 2023Business

In the second quarter of 2023, Resorcinol (m-dihydroxybenzene) prices in the US market experienced a significant decline, primarily attributed to erratic fluctuations in supply and demand dynamics. Retail sales saw a decline due to high inflation, with retailers grappling with bloated inventory levels ordered to meet demand surges during the pandemic, despite stagnant consumer demand. Additionally, reduced travel fares added to the deceleration in economic growth.