The U.S. fumaric acid market declined again in its first week of May xxxx and maintained the price reduction pattern that started in April. The ChemAnalyst report indicates that fumaric acid prices will maintain their downward trajectory throughout the upcoming weeks because of prolonged supply excess and subdued market requirements along with minimal spot trades.
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Fumaric acid prices in the U.S. market dropped again in early May xxxx after the final April week&#xx;s x.xxx decrease which brought the price to USD x,xxx/MT (CFR New York).
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High fumaric acid inventories combined with minimal pharmaceuticals and food sector demand lead to low market activity levels.
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International exporters especially Chinese companies reduced their export prices which decreased U.S. import costs despite recent tariff measures.
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New U.S. import tariffs have increased procurement costs yet the market continues to exhibit negative sentiment.
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The fumaric acid market will experience ongoing weak conditions throughout the May...
