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The market value of guar gum in the US market has increased sharply in January **** as the tight export availability from India and robust demand has drawn down the thin guar gum inventories. Early in the month, Indian auction data showed unusually light guar-seed arrivals, prompting suppliers to lift export-grade split offers for February loadings; by mid- to late January port-side stocks were reported thin after importers deferred year-end restocking. The steady completion activity across major shale basins have kept service-company offtake elevated. The food, beverage and personal-care formulators have maintained hand-to-mouth guar gum procurement. Together these dynamics created a clear upward bias in the market heading into February.
The demand patterns of guar gum were bifurcated across the end-use sectors. The oil and gas segment were the dominant driver with hydraulic-fracturing and well-completion fluids continuing to absorb the bulk of the US...
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