Guar Gum Prices Trend and Forecast

North America

Guar Gum prices displayed a fluctuating price pattern, with a modest decline in the first quarter of 2023. Prices dropped at the start of Q1 due to the low demand compared to the demand side’s amassed supply. Prices were on the lower side since shale gas usage was steady. Furthermore, declining demand and the widespread use of natural shale gas frequently impact the market value of Guar Gum. Also, the price increased gradually and slightly over the course of the last month of the quarter due to an increase in demand from the Natural Gas Prices industry. By the end of Q1, the general price trajectory was observed to be on an oscillating pattern. Finally, it was determined that the price of Guar Gum was USD 2095/MT CFR Houston in March.

Asia Pacific

Throughout the first quarter of 2023, the Guar Gum market showed a rising price trend. With the implementation of the zero-covid policy, the Covid-19 cases have stabilized, further increasing demand in China and the food processing sector, leading to an increase in Guar Gum prices throughout the quarter. Because there was little demand for Guar Gum on the spot market and a surplus of supplies coming from growing regions, prices were not under pressure. China’s zero-Covid policy included the removal of stringent safeguards like lockdowns and thorough testing. Prices increased as a result of these efforts because the economy had been performing well. In March, close to the end of Q1, prices were noted as USD 2190/MT for CFR Shanghai.

Europe

In the first quarter of 2023, prices in Europe were falling as a result of fundamentals of modest supply and demand. Prices declined, and there were sufficient stockpiles with the dealers at the start of Q1 due to weak demand and supply-side adoption. Lower product prices were observed in the market during the second half of Q4 as a result of low demand and a relaxation of supply brought on by constant inflation. Due to a downturn in demand from the food and beverage industry as well as the oil and gas sector, Guar Gum prices have fallen dramatically in the domestic German market. Despite sufficient supplies in the local market, the product’s price kept decreasing. Prices for FD Hamburg for Germany in March were reported to be USD 1980/MT toward the close of Q1.

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