H-Acid a gray powder or crystalline substance that is used as a dye intermediate is showing a steady upward trend in Asian market for last one month. This chemical has been used widely in dyestuff industries worldwide.
In the Chinese market, in the month of August and September the price of H-Acid, was quite stable and range bound. But it started to see an upward trend during the month of October and a 25% increase in the price level was observed in October, when compared with September.
Export offer prices for last week stood at US $3,970 – 4,230 per ton, FOB Chinese main port. According to one producer, this price increase is the combined effect of an increase in raw material and energy costs.
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Fibre2fashion News Desk - India
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