In H1’23, white oil prices fluctuated across different regions. In Asia, prices initially dropped due to weak demand from cosmetics and related industries, alongside declining freight charges and global inflation rates. The market showed a slight improvement in mid-Q1 but declined again due to lack of support from the crude oil sector and downstream industries. Similarly, Europe’s market remained volatile, supported initially by rising crude oil prices and high downstream orders but dropped later due to reduced demand from end-sector industries and lower natural gas prices. North America experienced a decline in prices initially, driven by inflation and slow economic movement, but stabilized later due to supply-demand equilibrium.
Request for Free Sample: https://www.procurementresource.com/resource-center/white-oil-price-trends/pricerequest
White oil, also known as mineral oil or liquid paraffin, is a colorless, odorless, and tasteless oil derived from petroleum. It consists of saturated aliphatic hydrocarbons, making it chemically stable and non-reactive. White oil is commonly used in pharmaceuticals, cosmetics, food processing, and various industrial applications. Its properties, including non-comedogenicity and low toxicity, make it suitable for products such as ointments, lotions, lubricants, and food-grade applications.
Key Details About the White Oil 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 white oil 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 white oil price chart, including India white oil price, white oil price in USA, 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 White Oil Price Trend:
White oil finds a variety of industrial uses due to its excellent properties and versatility. In the pharmaceutical industry, it is used as a base for ointments, creams, and lotions, as well as in laxatives and other medicinal formulations. In cosmetics, white oil is employed in skincare products such as lotions, moisturizers, and baby oils due to its non-comedogenic and non-irritating characteristics. In the food industry, it acts as a lubricant and release agent for food processing equipment. White oil is also used in the textile industry as a lubricant and in various industrial applications as a lubricant, plasticizer, and processing aid.
- British Petroleum
- Renkert Oil, Inc
- Exxon Mobil Corporation
- JX Nippon Oil and Energy Corporation
- Royal-Dutch Shell N.V.
- Sinopec Corporation
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
Company Name: Procurement Resource
Contact Person: Chris Byrd
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Referral Link: https://theprocurementexpert.com/white-oil-prices-trends/