Glyoxal Prices, Demand & Supply | ChemAnalyst

In the fourth quarter of 2023, Glyoxal prices in the USA rose due to increased demand and supply dynamics. Although feedstock Ethylene glycol prices declined in production, this did not significantly impact Glyoxal pricing. The region’s supply chain faced challenges, including concerns over overall supply levels.

The downstream construction sector, a major Glyoxal consumer, showed little improvement compared to the previous month, keeping demand moderate and stable. According to Fred’s data, the Producer Price Index (PPI) for cement remained unchanged at 240.35 in October, affecting goods consumption in November. Despite the stable PPI for cement, Glyoxal prices increased due to a significant rise in production costs.

Furthermore, private sector output expansion accelerated, marking the fastest growth since July, which further propelled Glyoxal prices through October and November. Globally, Glyoxal prices rose independently of downstream demand, driven primarily by sustained high production costs and specific supply chain challenges, shaping the market dynamics in the fourth quarter of 2023.

Track Real Time Glyoxal Prices: https://www.chemanalyst.com/Pricing-data/glyoxal-1568

During the fourth quarter of 2023, the Glyoxal market experienced a significant shift, with prices decreasing after a consistent rise in the previous quarter. In Germany, merchants adjusted operations based on existing stock levels, which led to a reduction in new orders. Downstream sectors such as cement, paints and coatings, and textiles saw a major decline in activity toward the end of the quarter, with sharp drops across all areas. The manufacturing Purchasing Managers’ Index (PMI) in Germany stayed below the threshold limit, reflecting low Glyoxal consumption during this period.

Domestic key players tried to raise product prices due to long-standing high production costs and inflation, which eased as demand fell in both domestic and international markets in November. Nonetheless, the last month of the quarter saw a significant decrease in Glyoxal prices in Germany, mainly due to lower demand in the downstream construction industry amid economic challenges and subdued purchasing. Additionally, security concerns increased in mid-December following attacks on commercial vessels in the southern Red Sea, raising global fears about potential supply chain disruptions. This crisis, occurring just before the Christmas holidays, notably affected market dynamics.

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