Declining US Succinic Acid Prices Amid Insufficient Demand

Declining US Succinic Acid Prices Amid Insufficient Demand

Rene Swann 13-Sep-2024

In the North American region, Succinic Acid prices witnessed a monthly decrease of x.xx, during mid-Qx xxxx. The market players revised their Succinic Acid quotations negatively to improve market offtakes. In the USA, the Consumer Price Index for All Urban Consumers (CPI-U) rose x.xx in August, matching July&#xx;s increase. Over the past year, the CPI increased by x.xx, the smallest xx-month rise since February xxxx. The food index saw a smaller x.xx gain, while the non-alcoholic beverages index fell x.xx in August after rising x.x percent in July. It indicated a decrease in demand for Succinic Acid used in flavoring agents during the month.

However, Succinic Acid exports from Asian suppliers remained robust in August xxxx, with the Far East Exports index achieving the highest growth among all indices, although the rate of increase slightly moderated from July. This sub-index is unique in showing a year-over-year...

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