Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending September 2023 North America In the third quarter of 2023, the United States witnessed a notable decline in  Vitamin C prices , as CFR values dropped from $3750/mt to $3490/mt between July and September. This decline marked a challenging conclusion to the quarter, primarily attributed to significantly reduced end-user demand and an abundant supply available to meet the overall demand in the US vitamin C market. Throughout the quarter, the Federal Reserve expressed ongoing concerns about the country's economic development, hinting at potential inflationary pressures. A report indicated that the US manufacturing sector contracted in July for the ninth consecutive month, with companies scaling back staff and output in response to dwindling new orders. The demand for nutraceuticals, particularly Vitamin C, from overseas also decreased substantially in the latter half of Q3, owing to the ample supply from domestic sources. With Federal Reserve assistance, states p...

For the Quarter Ending June 2023 North America: In the second quarter of 2023, the  vitamin C market  in North America underwent a bearish price trend. Price discussions for CFR Los Angeles witnessed a decline from $4,550 per metric ton to $4,020 per metric ton between April and June 2023, marking a 1.1% decrease over the quarter. The demand for vitamin C from end-users in the food and beverage, cosmetics, and nutraceutical industries in the US was marginally lower due to ample stocks at suppliers. Corresponding with energy prices, inflation in the country experienced a modest decrease. However, industry experts point out that despite the decline in energy prices, underlying inflation remains elevated and surpasses the Federal Reserve's target. They also suggest that the temporary fall in inflation, attributed to eased supply chain pressures, is not indicative of a sustained trend. Despite varied perspectives on vitamin prices, the nutraceuticals market in the country demonstr...