The Succinic Acid prices altered and witnessed an increase of x.xx in the US market during June xxxx. The key Asian exporters of Succinic Acid raised their quotations amid improved demand among buyers for stocking purposes towards the end of the second quarter and insufficient availability of supplies in the market. This rise was influenced by anticipated higher consumption for producing Thermoplastic Polyurethane, used in manufacturing PU sole footwear. Such demand typically rises during the rainy and monsoon seasons. At the same time, costs were bolstered by increased demand for feedstock Benzene from the downstream value chain. Meanwhile, the US Manufacturing Purchasing Manager&#xx;s Index showed growth in manufacturing sector activities in June xxxx.
On the contrary, the Succinic Acid demand was stable to low from the food and beverage industries due to moderate sales, and the food index saw a slight x.xx increase in May. The index...
