Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending September 2023   North America In the third quarter of 2023, there was a sudden drop in  glucosamine prices  in the United States, as FOB New Jersey values plummeted from $9040/mt to $8650/mt between July and September. This decline signaled a pessimistic conclusion to the quarter, primarily attributed to unusually low downstream demand and a significant surplus of supply held by market participants. The US economic growth throughout the quarter raised concerns at the Federal Reserve, indicating potential inflationary pressures. Statistics revealed that the contraction of the US manufacturing sector in July, for the ninth consecutive month, resulted from companies scaling back hiring and production in response to a decrease in new orders. Furthermore, domestic suppliers reduced their reliance on imports, particularly from China, during the third quarter due to excess inventories in the domestic market. However, this shift failed to achieve much beyo...