Naphthalene Pricing Trend and Forecast
The Naphthalene Price in the North American region continued a downward trend in the third quarter of 2022 and unchanged demand fundamentals from the domestic market. The activity in the US Naphthalene market was moderate, and market players enjoyed the summer holiday in the last week of August. Buyers delayed the purchases on an expectation of further negotiations in the commodity market. Besides, several market participants indulged in restocking inventories amidst lower values, and upstream crude oil price volatility provided a significant opportunity to gain substantial netbacks and uncertainty regarding the potential of supply disruption in the US Gulf coast region due to hurricane season in the quarter.
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