Hello Partners!
Welcome back to our Newsletter!
With the rising costs for Suez Canal, as well as higher labor costs, the situation on the market of chemistry looks interesting, to say the least.
Remember to check out our website, where you can find regular updates on prices and on market news. Moreover, keep in mind that to schedule a meeting with our Traders at the upcoming Fi Europe!
Hottest Products of the Week
Amino-acids
In both the Chinese and European markets, the dynamics of various amino acid types differ. Some show price stability, while others experience fluctuations influenced by supply and demand dynamics, production capacity, and market conditions.
The European market maintains stability in the performance of Amino Acid Products, despite a marginal uptick in DL-Methionine prices and a slight decrease in L-Valine prices.
Chinese manufacturers adopt an active approach by operating at full capacity and contemplating expansion for specific amino acid products. However, the upcoming holiday seasons in the EU and America in the coming months may dampen overseas market activity, exerting additional pressure on the export of these products.
Lysine and Threonine prices are down for Q1.
Creatine
Creatine remains at high levels for the prompt market, but suppliers seem to be more eager to negotiate prices for Q1.
Citric Acid
The situation on the Citric Acid market remains rather stable.
Xanthan Gum
Xanthan Gum is at the low levels currently, as there is a lot of supply available from most companies.
Oils
The production of Soybean Oil is increasing, both refined and unrefined. The primary source of oil in the region has always been Ukraine; however, currently, Ukraine is unable to export oil due to permits and political disputes. As a result, oil from Europe is now more expensive, and obtaining sufficient quantities has become more challenging.
What Else?
EU to renew herbicide glyphosate approval for 10 years.
U.S. pharmaceuticals company Eli Lilly plans to build a new plant in western Germany with one putting the investment at 2 bln euros.
Global food commodity prices are set for respite in 2024 after three years of record highs caused by war, adverse weather and rising energy and input costs, a new report says.
The worldwide urea market demonstrated significant growth, achieving a value of USD 129.2 billion in 2022. It is anticipated to continue its upward trajectory, reaching an estimated USD 152.5 billion by 2030. This reflects a Compound Annual Growth Rate (CAGR) of 2.1% throughout the forecast period from 2023 to 2030.
