North America Succinic Acid Prices Movement Q3:

 

Succinic Acid Prices in United States:

In September 2024, succinic acid prices in the United States for Q3 reached 1840 USD/MT. Succinic acid prices in the United States remained stable throughout Q3 2024, supported by consistent demand from key industries. Early in the quarter, price increases were driven by supply disruptions caused by regional hurricanes, which temporarily affected production and logistics. However, as the market adjusted to these challenges, stability returned, and prices maintained a steady trend. The continued demand from sectors like pharmaceuticals, food additives, and bio-based materials helped uphold the market's balance, while supply chain issues were effectively managed, ensuring no major fluctuations in pricing by the end of the quarter.

APAC Succinic Acid Prices Movement Q3:

Succinic Acid Prices in China:

In September 2024, succinic acid prices in China for Q3 settled at 1465 USD/MT. Succinic acid prices in China during Q3 2024 saw fluctuations driven by initial demand from the cosmetics and personal care industries, which pushed prices higher. This surge in demand was followed by a stabilization in supply, as restored crude oil supplies from Libya led to an increase in feedstock availability. As inventories improved and the supply of raw materials became more consistent, prices began to decrease. The market adjusted to these changing conditions, leading to a more balanced pricing environment by the end of the quarter, after the initial price spike.

Europe Succinic Acid Price Movement:

Succinic acid prices in Germany for Q3 2024 were recorded at 1645 USD/MT in September. Succinic acid prices in Germany rose significantly during Q3 2024, driven by strong demand from key sectors such as pharmaceuticals and beauty products. The pharmaceutical industry’s need for high-quality intermediates, coupled with robust consumption in the beauty sector, supported the upward price trend. At the same time, manufacturing output was constrained by labor shortages, which limited supply and further contributed to the price increase. As a result, despite some fluctuations in other sectors, the steady demand from these industries helped maintain the rise in succinic acid prices throughout the quarter.

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How IMARC Pricing Database Can Help

The latest IMARC Group study, “Succinic Acid Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Succinic Acid price trend, offering key insights into global Succinic Acid 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 Succinic Acid 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.

Explore Full Report Here: https://www.imarcgroup.com/succinic-acid-pricing-report

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