Tartaric Acid Prices: Price, Trend, Pricing, News, Analysis | ChemAnalyst


For the Quarter Ending September 2023

North America

In the third quarter, Tartaric acid prices in the USA market displayed a diverse pattern. In July, prices experienced a 3.15 percent decline due to a reduction in new order inquiries and sales from end-user sectors. Consumer prices, however, surged by 3.2% in July compared to the previous month, as indicated by government inflation figures. This increase followed a 3% annual rise in June, the slowest rate in over two years. The Federal Reserve's decision to raise its benchmark rate by 25 basis points 11 times in July, aiming to mitigate inflation, kept overall market demand low. On the flip side, Tartaric acid prices rose by 1.16% in August due to supply constraints and growing end-user demand. Disruptions in the global supply chain and increased oil costs also contributed to the price hike. In September, new orders decreased for the sixth consecutive month, albeit at a slower pace, resulting in a 5.29% drop in Tartaric acid pricing. During this period, inflation remained robust, primarily due to higher petrol and rental expenses, adding further strain to households.

Asia Pacific

Tartaric acid prices exhibited a varied trend in the Chinese market throughout the third quarter. In July, prices fell by 3.76% as plant activity slowed, and demand from downstream sectors declined. Additionally, the strengthening of the Chinese yuan against the US dollar made Tartaric acid more expensive in international markets, leading to a further decline in demand. Market suppliers prioritized destocking to minimize inventory and maintain profit margins. The official manufacturing purchasing managers' index (PMI) increased marginally to 49.7 in August from 49.3 the previous month, signaling a slight improvement in new orders and purchases. This resulted in a 2.81% increase in Tartaric acid prices. In response to economic concerns, China's central bank reduced key interest rates, supporting domestic consumer demand. In September, industry output and new orders remained strong domestically, but external demand weakened, with the export orders index falling for the third consecutive month, resulting in a 2.94% drop in Tartaric acid prices.

Get Real Time Prices of Tartaric Acid: https://www.chemanalyst.com/Pricing-data/tartaric-acid-1126

Europe

Tartaric acid prices displayed a mixed trend in the European market throughout the third quarter. In July, prices fell by 3.51% due to a challenging economic environment in Germany, leading to a significant drop in new orders and market demand. The European Central Bank's increased interest rates also contributed to weaker domestic demand. Conversely, Tartaric acid prices increased by 1.94% in August due to heightened demand from the pharmaceutical and healthcare end-user markets. Imports of Tartaric acid from major exporting countries like China decreased, reducing supply and increasing pricing. Global supply chain disruptions caused by events such as trade disputes or natural disasters also impacted Tartaric acid availability, leading to price increases. Tartaric acid prices fell by 3.81% in September, driven by decreased end-user demand and an abundance of supply in the market. This can be linked to the ongoing inflationary pressures, primarily fueled by rising food and energy prices, putting strain on purchasing power.

 

 

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