At the start of ****, the global market for Agar-Agar is currently in a state of decline. January had provided a significant drop in the price levels of Agar-Agar; along with weakened overseas demand and reserve-based purchasing from downstream customers, prices declined dramatically. Inventory management by Agar-Agar importers and formulators has impacted their need for immediate procurement as they also previously replenished inventories throughout the year-end inventory cycle, creating temporary oversupply conditions. Seasonal supply-side factors have also contributed to slower demand due to post-holiday production slowdowns experienced in both the confectionery and nutraceutical sectors. As a result, Agar-Agar suppliers are currently balancing regular output against limited immediate consumption levels. Therefore, in general, January has opened with a bearish sentiment for the entire Agar-Agar market because of the dynamics involved with the export-related activity, buyer inventory positions, and downstream-related activity.
In China, the average FOB price...
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