Louisiana (USA): In February xxxx, the price of Propionic Acid in the domestic US market continued its upward trajectory, driven by multiple factors. The surge in feedstock ethylene prices, stemming from the shutdown of several global plants, played a significant role. Additionally, heightened demand in downstream food industries and geopolitical tensions leading to increased crude oil prices further fueled the escalation in Propionic Acid prices. Notably, China&#xx;s record import of crude oil during the spring season contributed to the overall rise in crude oil prices, subsequently impacting Propionic Acid costs. Both WTI and Brent benchmarks reached their highest levels in over two months, exerting additional pressure on Propionic Acid production costs. Furthermore, increased demand from the food industry, a primary consumer of Propionic Acid, served as an additional driving force behind the price surge.
The Propionic Acid market in the domestic US exhibited a bullish trend, primarily...
