The Triethyl Phosphite Price Index closely mirrors the trends in its primary feedstock, Phosphorous Trichloride, which consistently saw declines during the specified period. In China, post-lockdown optimism for a market resurgence proved counterproductive as excessive inventories and weak demands exerted downward pressure on prices. Likewise, Europe faced economic struggles and cost-of-living crises, impeding demands in the downstream chemical industry. The second-quarter normalization of upstream costs in Europe lacked substantial price support. The American market remained subdued due to economic challenges and inflation. Overall, a bearish sentiment dominated, leading to a global decline in Triethyl Phosphite prices.
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Definition
Triethyl Phosphite is a chemical compound with the formula P(OC2H5)3. It is a clear liquid used in various industrial processes. It serves as a reagent in organic synthesis, aiding in the formation of specific chemical compounds. Triethyl Phosphite is also employed as a stabilizer and antioxidant in polymer production and as a flame retardant in plastics.
Key Details About the Triethyl Phosphite Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Triethyl Phosphite in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Triethyl Phosphite Price chart, including India Triethyl Phosphite price, USA Triethyl Phosphite price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Triethyl Phosphite Price Trend:
Triethyl Phosphite plays a vital role in industrial processes, serving as a key reagent in the synthesis of various chemical compounds. Additionally, it functions as an antioxidant and stabilizer in the production of polymers, thereby contributing to the development of durable materials. Moreover, its application as a flame retardant in plastics enhances fire safety across a range of products.
Key Players:
- Acros Organics
- Ascender Chemical Co., Ltd. (AS.C)
- Wuhan Kemi-Works Chemical Co., Ltd
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