White Oil Prices in China
- China: 1148 USD/MT (White Oil Technical Grade)
In Q4 2023, White Oil Prices in China were 1148 USD/MT. Despite declining crude oil prices, white oil prices remained stable due to balanced supply and demand and high automotive industry demand.
The latest report by IMARC Group, titled “White Oil Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of the White Oil Price Trend. This report delves into the Price of Price of White Oil globally, presenting a detailed analysis and an informative White Oil Price Chart. Through comprehensive White Oil Price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the White Oil Demand, analyzing how it impacts market dynamics. To aid in strategic planning, the Price Forecast section provides insights into price forecast, making this Price report an invaluable resource for industry stakeholders.
White Oil Prices December 2023:
- China: 1148 USD/MT (White Oil Technical Grade)
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The study delves into the factors affecting White Oil price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/white-oil-pricing-report/requestsample
White Oil Price Trend- Q4 2023
The white oil market is being driven by a combination of factors across various industries. The extensive product utilization in personal care and cosmetic formulations due to its non-toxicity and moisturizing properties is propelling the market growth. Additionally, the growing product demand in the pharmaceutical industry to produce ointments, laxatives, and a lubricant for medical equipment is positively influencing the market growth. Besides this, white oil's application in the food industry as a release agent and additive in food-grade lubricants because of its versatility and safety for consumption is acting as another growth-inducing factor. Furthermore, the growing demand for environmentally friendly and safe materials in industrial applications, such as adhesives, plastics, and textiles, is contributing to the market growth. In addition, recent technological advancements and increased research into the potential uses of white oil, which have led to the development of more refined products with enhanced properties, are bolstering the market growth. Apart from this, the rising consumer awareness regarding the benefits of white oil in various applications and stringent regulatory standards ensuring the use of safe and high-quality products are also driving the market growth.
White Oil Market Analysis
The global white oil market size reached US$ 2.1 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 2.8 Billion, at a projected CAGR of 3.00% during 2023-2032. The white oil prices in China have been influenced by several factors in the last quarter. The fluctuations in crude oil prices, which are the primary raw material for white oil production, have had a significant impact, with global oil market volatility leading to cost variations. Additionally, supply chain disruptions, particularly due to geopolitical tensions and logistical challenges, have affected the availability and transportation of white oil, contributing to price instability. Besides this, the demand-supply dynamics within China, driven by increased consumption in industries such as cosmetics, pharmaceuticals, and food processing, have influenced price trends. Furthermore, environmental regulations and policies aimed at reducing emissions and promoting cleaner production processes have also impacted production costs, subsequently affecting prices. In addition, currency exchange rate fluctuations played a role in altering the cost structure for imported raw materials and finished products.
Key Points Covered in the White Oil Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- White Oil Prices
- White Oil Price Trend
- White Oil Demand & Supply
- White Oil Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- White Oil Price Analysis
- White Oil Industry Drivers, Restraints, and Opportunities
- White Oil News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Browse More Pricing Reports By IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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