North America Sorbic Acid Prices Movement Q3
Sorbic Acid Prices in USA:
On September 2024, prices of sorbic acid in the United States reached 3120 USD in metric tonnes in the third quarter. High demand was driven due to limited supply. Cost pushes came up with higher production and energy. Other parameters influencing this surge were supply chain disruptions and a pre-plant shutdown anticipatory purchase. Seasonal changes and a complete volatile currency also added an upward push to the trend, leading to a consistent quarter-on-quarter price rise for sorbic acid in the U.S. during Q3 2024.
Sorbic Acid Prices in China:
In the third quarter of 2024, the Chinese market witnessed significant price volatility triggered by global demands and limited availability of the product. Seasonal issues, supply chain persuasions, and international price pressures were all to blame for this. Despite price fluctuations, the market still managed to close the quarter with a steady price increase, sustained mainly by buoyant regional activity and still-high demand. By the end of Q3, prices were at 2970 USD per metric ton, buoying the forward-moving spirit of the market with serious underlying demand during this time in the Chinese market.
Sorbic Acid Prices in Germany:
In the third quarter of 2024, Germany experienced significant price hikes due to strong demand and supply constraints. Increased consumption of food excipients, along with rising freight costs and stricter regulations, contributed to the price pressure. The stronger Euro further boosted domestic spending power, helping sustain the price momentum. As a result, prices rose steadily throughout the quarter, reaching 3187 USD per metric ton by the end of Q3, highlighting the market’s continued upward trend. This pricing reflects the combined impact of high demand, logistical challenges, and favorable economic conditions.
How IMARC Pricing Database Can Help
The latest IMARC Group study, “Sorbic Acid Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of price trend, offering key insights into global Lithium Fluoride market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.
The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Lithium Fluoride demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.
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