Malic Acid Prices: During the Quarter Ending December 2023
North America
During the final quarter of 2023, the Malic Acid market in North America witnessed a decline influenced by several significant factors impacting pricing. Initially, a reduction in international demand led to an overall decrease in prices. Moreover, the accumulation of excess inventory among suppliers in the USA further compounded the downward pressure on prices. Economic uncertainties globally, including inflation concerns and the potential for recession, contributed to a constrained economic environment.
Demand remained relatively subdued, characterized by cautious procurement practices and a decline in downstream inquiries. In the USA specifically, projections indicated a continued decrease in Malic Acid prices throughout the quarter, largely influenced by global market dynamics. The significant price reductions observed in key Chinese provinces, which play a vital role in the Malic Acid market, had a ripple effect across the United States, impacting overall pricing.
At the quarter's end, the latest price for Malic Acid CFR New York in the USA stood at USD 1880/MT, reflecting an average quarterly decline of 2.67%.
Get Real Time Prices of Malic Acid: https://www.chemanalyst.com/Pricing-data/malic-acid-1281
Asia Pacific
In the APAC region, the Malic Acid market experienced a decline in market sentiments during the fourth quarter of 2023, leading to a consistent decrease in prices. The primary contributing factor to these market fluctuations was the moderate to high supply of Malic Acid. Weak market sentiment persisted due to substantial existing inventories within the domestic market, coupled with low to moderate demand from end-user industries.
China, being the largest market for Malic Acid, witnessed a significant price drop in the initial months of the quarter due to weakened demand from both domestic and international consumers, along with low consumer confidence. Local suppliers in China struggled with excess inventory, discouraging them from engaging in bulk purchases. Economic impacts varied across industries, with local companies facing an abundance of diverse supplements, including Malic Acid.
Despite an unexpected increase in industrial activity indicated by the Purchasing Managers' Index (PMI) in November, China's market faced the repercussions of weak foreign demand, resulting in substantial price reductions from Malic Acid suppliers. The stability of raw material prices, particularly Maleic Anhydride, in the Chinese market was notable.
The pricing trend for China in the current quarter revealed a 2.90% decrease on an average quarterly basis. As of the latest update, the price for DL Malic Acid FOB-Shanghai in China for the current quarter is USD 1740/MT.
Europe
The European Malic Acid market encountered notable factors influencing prices during the fourth quarter of 2023. Initially, a pessimistic demand outlook prevailed across the region, leading to diminished buyer interest and limited demand from end-user industries. However, in November, a substantial increase in Malic Acid prices occurred as customer confidence improved, resulting in a notable rise in consumer purchases and heightened demand.
This surge in demand exerted pressure on existing supply chains, causing a ripple effect on prices. Additionally, the global escalation in freight costs significantly impacted market dynamics in Belgium. Market players also faced shortages in inventories, further complicating the situation. Belgium experienced significant price fluctuations during the quarter.
In summary, the Malic Acid CFR Antwerp price at the quarter's end stood at USD 2820/MT, reflecting an average quarterly increase of 3.85 percent.
Get Real Time Prices of Malic Acid: https://www.chemanalyst.com/Pricing-data/malic-acid-1281
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