North America Urea-Formaldehyde Resin Prices Movement Q3

Urea-Formaldehyde Resin Prices in USA:

In December 2023, the Prices of urea-formaldehyde resin in the USA was set at $688 per metric ton. This price sustains some influence from the demand from construction and automotive industries. Even though there were a few hurdles faced in production and logistics, relatively good stability existed regarding sufficiency. Supply-sufficient demand will, therefore, quite assuredly yield a balance towards the end of the period in question. Overall, the price trend for urea-formaldehyde resin in the USA remained balanced during the period under consideration.

Urea-Formaldehyde Resin Prices in China:

Urea-formaldehyde resin prices in China have settled at $627 per metric ton by December 2023. With steady demand from industrial activity-the construction and manufacturing sectors-the production level remained stagnant, although some supply chain disturbances were experienced. However, prices remained relatively unchanged and have been indicative of a relatively balanced market climate during the reporting period.

Urea-Formaldehyde Resin Prices in Germany:

By the end of December 2023, the price of urea-formaldehyde resin in Germany reached $634 per metric ton. The market saw steady demand, mainly from the construction and manufacturing sectors. Production remained stable, but there were some supply chain issues. Despite these challenges, prices remained relatively stable, reflecting a balanced market during the period.

How IMARC Pricing Database Can Help

The latest IMARC Group study, “Urea-Formaldehyde Resin Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Urea-Formaldehyde Resin price trend, offering key insights into global Urea-Formaldehyde Resin market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Urea-Formaldehyde Resin demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

Request to Get the Sample Report:  https://www.imarcgroup.com/urea-formaldehyde-resin-pricing-report/requestsample

 
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