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In the fourth quarter, the Asia-Pacific market has exhibited a bullish Glyoxal Price by taking cues from the strong Coal and Crude Oil prices and strong feedstock Ethylene Glycol. The rising disposable income, changing lifestyle, and growing intermediate use in the chemical, pharmaceutical, and agriculture industries were the key factors that fueled the product price in the Asia-Pacific region. Haiyang Group (China) experienced increased enquiries from the downstream textile due to the upcoming festival season. In addition, increased consumption of the organic compounds in food & beverage packaging has also driven the market growth causing the price hike.

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