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Urea Resin Price Trend and Forecast

ChemAnalyst
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Date: 2023. 02. 07.
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Date: 2023. 02. 07.
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Category: news & politics
The Urea Resin Price in the US market kept going down during Q4 because of the steep drop in the price of raw materials during the fourth quarter. The Urea Resin price continued to drop because of poor trade fundamentals and lackluster demand. In November 2022, feedstock natural gas prices decreased by around 15%, and this pattern persisted into December, according to the figures. Moreover, the market is witnessed a steep drop in consumption from the downstream preservative industry. Weak benchm