US Isobutyric Acid Prices Likely to Rise in the Upcoming Month
US Isobutyric Acid Prices Likely to Rise in the Upcoming Month

US Isobutyric Acid Prices Likely to Rise in the Upcoming Month

  • 28-Mar-2023 3:46 PM
  • Journalist: Jacob Kutchner

In the U.S., the price of Isobutyric acid has remained relatively constant for almost two weeks, and in the previous week, the price of this product increased by approximately 1.15% per MT. According to ChemAnalyst's analyses, this commodity cost approximately USD 1,760 per MT on FOB-Houston basis in the third week of March 2023.

The price increase is attributed to an increase in export orders for Isobutyric Acid from Asian nations like India and an increase in demand for the product from domestic businesses. This is the appropriate time for consumers intending to procure Isobutyric Acid, as the prices have been predicted to grow further in the weeks and months.

Isobutyric Acid is a significant industrial chemical that is utilized in numerous processes and goods, including cosmetics and some food items. The oxidation of Isobutyraldehyde, a byproduct of Propylene Hydroformylation, results in the production of Isobutyric Acid, which is a clear liquid with a mild odor. The acid can also be used to make pharmaceuticals, flavorings, and fragrances, among other products.

The quantity of Isobutyric Acid in the U.S. market is largely determined by the demand for these other products because supply and demand dominate the market. Moreover, changes in these business sectors can straightforwardly affect the cost of this item and its accessibility.

As a result, when there is a growth in demand for Isobutyric Acid, producers are more likely to increase production. On the other hand, when there is a decrease in demand, producers are more likely to limit production rates and reduce prices.

As the firm anticipates the price of upstream crude oil, freight charges, and the demand for Isobutyric Acid from downstream companies to increase in the upcoming month, and so it has predicted the price of this commodity to increase. The firm has calculated the overall price growth percentage of this product in March 2023 to be around 3.5% per MT and has predicted it to expand further by around 2-3.5% per MT in April 2023.

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