Fumaric Acid Prices Trend, Monitor, News, Analytics and Forecast | ChemAnalyst

Fumaric Acid Prices: During the Quarter Ending December 2023

North America

In the North American region, the pricing landscape of Fumaric Acid underwent notable changes during the fourth quarter of 2023, displaying a fluctuating trajectory throughout the period. The market exhibited an overall positive trend, witnessing an average quarterly increase of 1.66%. This upward movement can be attributed to several key factors. Firstly, heightened demand from the Asian market, fueled by an optimistic outlook and increased investment expenditures, played a significant role. Secondly, escalating input costs, especially for energy and raw materials, contributed to the overall price surge.

Moreover, logistical challenges such as port congestion and container shortages disrupted the seamless transportation of Fumaric Acid, resulting in increased transportation costs and extended delivery lead times. Downstream panel factories engaged in procurement activities with intensified bids and offers among enterprises, shaping the market dynamics. Despite these challenges, the market displayed a downward trajectory as December unfolded, with ample supplies and inventories to meet the growing demand.

The ripple effect of China’s pricing strategies reverberated across the United States, impacting the overall pricing structure of Fumaric Acid. However, prices rebounded in December with a 1.16% increase. The fourth-quarter price of Fumaric Acid in the USA stood at USD 1300/MT CFR New York. Overall, the market for Fumaric Acid in North America demonstrated resilience and growth during the fourth quarter of 2023.

Get Real Time Prices of Fumaric Acid: https://www.chemanalyst.com/Pricing-data/fumaric-acid-1134

Asia Pacific

The Fumaric Acid pricing in the APAC region during the current quarter of 2023 has been marked by several noteworthy factors. Initially, there was a substantial surge in demand, resulting in an uptick in prices. The positive market momentum prompted participants to place optimistic orders for restocking their inventories, reinforcing market dynamics and providing cost support. Specifically in China, prices experienced a significant increase throughout the quarter, with an average quarterly rise of 2.71 percent, stabilizing at USD 1192/MT FOB-Shanghai. The projected pricing trend for Fumaric acid in China indicates an anticipated decline until the end of the month. This downward movement is primarily attributed to the ongoing economic challenges that China has been grappling with post the Golden Week holiday. These challenges contributed to a rise in prices, fueled by increased demand from both consumers and corporate entities. Additionally, a decrease in production capacity among Maleic anhydride manufacturers, the raw material for Fumaric acid, led to tight supplies and limited inventory. As December commenced, the market witnessed a moderate to high supply, with merchants depleting their finished goods and addressing backlogs. Local suppliers, as reported by several manufacturers, are currently dealing with excess inventory, dissuading them from engaging in bulk purchases. Furthermore, the persistently sluggish demand outlook for Fumaric acid and the sustained strength in raw materials like Maleic anhydride suggest a complex interplay of factors influencing the market. 

Europe

In the final quarter of 2023, the European Fumaric Acid market underwent notable developments that had a substantial impact on pricing. Initially, a heightened demand from end-users prompted market participants to place substantial orders to replenish their inventories. Furthermore, a shortage of Fumaric Acid in the German market contributed to increased demand, resulting in temporary supply constraints and elevated prices. Additionally, the German economy exhibited signs of weakness, characterized by a downturn in manufacturing activity and a decline in the IFO Business Climate Index. Given Germany’s significant role as a major importer in the European Fumaric Acid market, it experienced a pronounced price hike, mirroring the trends observed in exporting nations. The average quarterly increase in Fumaric Acid prices in Germany amounted to 3.29%. The current quarter’s Fumaric Acid CFR Hamburg price in Germany stands at USD 1310/MT. However, prices experienced a slight decline towards the end of Q4, attributed to the accumulation of stocks in anticipation of an anticipated surge in demand from respective end-user sectors.

Get Real Time Prices of Fumaric Acid: https://www.chemanalyst.com/Pricing-data/fumaric-acid-1134

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