Maleic anhydride (MA), a critical raw material in Tartaric Acid production, played a pivotal role in shaping the pricing trajectory. MA raw material prices dropped sharply in January which helped maintain lower production costs for Tartaric Acid.
Key Takeaways:
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Tartaric Acid prices in the US dropped to $x,xxx per metric ton by January xx, xxxx.
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A decline in maleic anhydride prices helped lower production costs of Tartaric Acid.
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A rush of Tartaric Acid imports due to tariff concerns caused a temporary oversupply.
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Averted strike by the ILA ensured stable supply chains and prevented further disruptions.
In the first week of January, Tartaric Acid prices showed a modest increase of x.xxx, attributed to steady demand and initial optimism in the market. However, this slight uptick was short-lived, as prices began to drop significantly in the following weeks.
A key factor...
