Hydroquinone Pricing Trend and Forecast

The Hydroquinone Pricing showcased a peak rise in the first half of Q2 2022, followed by price stabilization by the end of quarter-June 2022. Owing to the geopolitical tension (Russia Ukraine war), the upstream Crude price hike affected the feedstock benzene market globally. Also, increased freight charges and rising demand from downstream industries influenced the price of Hydroquinone to surge. Towards the second half of Q2 2022, with ease in freight charges and shipments resurgence, the hydroquinone market went stable after a sudden hike at the beginning of Q2 2022. With the ease in energy prices towards the end of Q2 2022, raw material prices went stable, prompting the stabilization of prices in June.

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