For the Quarter Ending December 2022
The market of Acesulfame Potassium price started on a positive attitude and ended on a weaker side within the North American region during the final quarter of 2022. Compared to the previous month, this month, the demand remained on the higher side, with sufficient inventories among the market players. Further, higher inflation and an increase in the producer price index by 0.3% last month and a 0.4% increase in service prices together supported the price increase in all the commodities, including Acesulfame Potassium. At the end of the fourth quarter of 2022, the prices began to decline and got settled at USD 16700/MT CFR Houston in the United States.
Prices for Acesulfame Potassium began to rise at the beginning of October 2022 throughout Asia Pacific, most notably in China, due to an increase in its end-user demand. Acesulfame Potassium market sentiments in the region were boosted by ongoing zero COVID policies and ceased manufacturing activities. In addition, prices began to decline sharply at the beginning of December 2022 as a sharp increase in Covid infections, a highly contagious sub-variant of Omicron—in China and significantly increased the risk to international supply chains. Market participants and dealers lowered their future orders, which had an impact on Acesulfame Potassium's overall marker trajectory. Prices for Acesulfame Potassium were set at USD 14200/MT FOB Shanghai at the fourth quarter's conclusion.
Prices for Acesulfame Potassium in the European region reflect a similar pattern to those in the United States during the fourth quarter of 2022. Prices remained on the upper side due to the domestic market witnessing somewhat inclined downstream demand up until the middle of the fourth Quarter. Trade flows in Germany and the rest of the Eurozone partially resumed due to some breathing room, but this does not indicate stable market fundamentals. However, the demand for goods and services from the end-user industry stayed muted for a while due to the current economic challenge with the end of Q4. Additionally, this negative market attitude was supported by weaker consumer purchasing patterns. With this, it was shown what Acesulfame Potassium costs in Europe, which is USD 16445/MT CFR Hamburg.
For the Quarter Ending September 2022
In the North American region, the price of Acesulfame Potassium witnessed a downward price trajectory owing to weaken customer inquiry from the end-user pharmaceutical and food sectors. At the onset of Q3, the prices surged at a moderate rate, balanced with the continuous supply momentum. Following the termination of the first half of Q3, the prices started to decline significantly, leading to a stockpiling of inventories with the domestic merchants. Also, owing to hoarding stocks propelled the suppliers to reduce their further quotations and prices to destock their inventories. Further, towards the termination of Q3, the prices witnessed were on the lower side with the settlement of USD 15365/MT CFR Houston.
In the APAC region, Acesulfame Potassium witnessed a bearish pricing sentiment throughout the third quarter of 2022. With decremented demand from the pharmaceutical industry, ample supplies with the suppliers, geopolitical conflicts, and other logistics challenges led to a drastic decrease in the price values of Acesulfame Potassium in the Asia-Pacific region at the onset of the first half of Q3. Additionally, the price value of Acesulfame Potassium was impacted by the increasing COVID-19 prevalence and lockdown implications in China. Furthermore, the prices went down on a continuous note with 1.98 percent during the end of Q3 and got settled at USD 13880/MT FOB Shanghai China.
The European region witnessed a similar pricing sentiment to North America in the third quarter of 2022, which was supported by abundant inventories and shaky demand. Although, at the onset of the first half of Q3, the prices rose owing to higher demand and weakened supply. Further, towards the termination of the first half and the start of mid half of Q3, the prices started to decline significantly, resulting in the availability of enough downstream products with the suppliers. Furthermore, slowing demand with rising stocks impacted the market dynamics of Acesulfame Potassium as it propelled the domestic merchants to reduce their prices in order to destock the accumulated inventories and maintain their profit margins. With this, the prices witnessed for Acesulfame Potassium at the end of Q3 were recorded at USD 15816/MT CFR Hamburg.
Acesulfame Potassium price sored continuously during the Second Quarter of 2022 in the North American Region, backed by downstream solid demand from the Pharmaceutical, Cosmetic, and Food & Beverage industries. Also, an Upsurge Upstream feed Acetic acid prices caused Acesulfame potassium prices to spike. Besides that, higher demand resulted in port congestion leading to a shortage of Cargo and uptrend freight charges, affecting the cost of Acesulfame potassium in the regional market. Additionally, rerouting activities amidst the Russian invasion of Ukraine and delayed shipments were other reasons that resulted in an upsurge price of Acesulfame potassium in the regional market. The price value of Acesulfame Potassium was settled at USD 16543/MT CFR Houston at the end of June
APAC region witnessed a mixed market sentiment of Acesulfame potassium during the second quarter of 2022, with an overall Inclination of 1.4% in China and a decline of 0.35% in India. Acesulfame potassium Prices fluctuated during the entire quarter in the regional market. Upstream feed Acetic acid cost showcased a declined sentiment till May and regained its upward trend in June, affecting the prices of Acesulfame potassium. Further, the demand for Acesulfame potassium fluctuated throughout the quarter due to frequently changing demand and supply fundamentals. The price value of Acesulfame potassium rose in April and then started declining in the Chinese domestic market owing to weakened buying activities leading to stockpiling of inventories with the traders and reduced exporting momentum. The prices of Acesulfame Potassium were settled at USD 18000/MT FOB Shanghai in China.
In European Market, the prices for Acesulfame potassium Pharmaceutical Excipients mimic similar market sentiments followed by the North American Region during the second Quarter of 2022 and settled at USD 17487/MT CFR Hamburg. An increased downstream demand and supply shortage in the regional market affected the price value of Acesulfame Potassium. Upsurge crude oil prices and increasing energy costs owing to Russian – Ukraine geopolitical tension resulted in the price increment of Acesulfame potassium excipient in the overall regional market. Besides that, the affected trading atmosphere, delayed shipment, and shortage of cargoes owing to rerouting activities heightened the freight charges, causing the price value of Acesulfame Potassium to spike high in the overall regional market.