Free C10 Solvent Prices Trend and Forecast New York
- Location: New York, New York, NY, United States
In North America, the C10 Solvent Price were stable during the second quarter of 2022 due to escalating demand from the downstream petrochemicals market. On the back of sluggish demand and limited offtakes from domestic buyers, C10 solvent prices tumbled across the Indian market, as expected. Under global market fundamentals, the Indian market was uncertain, leading major consumers to remain cautious about new offtakes. The niche market also remained muted as it had already anticipated a sluggish demand from the global market. Due to the dented demand from the domestic market, C10 prices have declined this month despite firm crude oil prices. While the domestic availability was sufficient to satisfy the country's overall needs, the Indian paint and coating industry has yet to regain significant momentum. The low availability of shipping containers also affected the price of C10 Solvent in the country, despite the smooth inflow of cargoes.
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