For the Quarter Ending December 2022
North America
North American region witnessed descending price sentiment of Aspartame during the fourth Quarter of 2022. At the start of October, the price rose considerably as the end-user demand for Aspartame from the Pharmaceutical, Food & Beverage industries. Until November, the prices of Aspartame remained on the higher side with the settlement of USD 22170 /MT CFR Houston, but with the start of December, the cost started to decline to owe to a decrease in customer requirements and shut down of the market on account of new year holidays. Also, ease in supply chain momentum and decreased freight charges supported the market sentiments of Aspartame during the year ending.
Asia Pacific
During the fourth quarter of 2022, Aspartame prices overall demonstrated weaker market sentiments. Though, at the start of October, the demand rebounded slightly compared to the previous quarter, which the market participants successfully fulfilled. However, the slowdown in China's manufacturing activities and the trading momentum due to strict covid restrictions affected its production momentum, which started to decline considerably following November. Furthermore, Chinese economic activity fell below expectations in November, as disruptions caused by COVID-related lockdowns continued to chip away at growth and worsened sentiment among manufacturers and traders. The prices fall sharply with the settlement of 14590/MT FOB Shanghai in China during November and continue to end the year 2022 with the same rate.
Europe
The fourth quarter of 2022 imitates a similar trend in the European market as that of Asia Pacific for Aspartame. Initially, the market trend started on a positive note until November and got assembled at USD 25095/MT CFR Hamburg in Germany on the back of a surge in its demand from various end-user Pharmaceutical, Food & Beverage sectors. Following December, the prices started to drop considerably amidst a decrease in its upstream intermediate Acetic Acid, which in turn also contributed to a cooling price trend of Aspartame as the demand remained low and stocks with market players were enough. Furthermore, newer orders were also down in December, reflecting high stocks among the suppliers owing to the temporary shutdown of the market.
For the Quarter Ending September 2022
North America
The prices of Aspartame in the third Quarter followed the previous Quarter's trend in the North American region owing to a decremented downstream demand, which resulted in the stockpiling of products with the local merchants. Although, the demand during the first half of Q3 inclined slightly with the settlement of 22255/MT CFR Los Angeles, which further reduced again towards the termination of the first half. Furthermore, as inflation increased and the economy slowed this spring, retailers began to pull back on end-of-year orders for goods which affected the pricing sentiments of Aspartame in the regional market. Moreover, towards the end of Q3, the price value of Aspartame recorded was settled at USD 20515/MT CFR Houston.
Asia Pacific
The prices of Aspartame in the APAC region witnessed a decremented pricing trend during the third Quarter of 2022. Sluggish demand from downstream end-user pharmaceutical, food, and beverages industries and increased inventories supported the upsurged tendency of Aspartame in India and China, respectively. Moreover, in China, the prices went on the higher side during the first half of Q3 owing to the increment in customer inquiries from the downstream sector. Following this, the prices went down in the mid of Q3 owing to a reduction in the production cost with surging inventories which propelled the market participants to reduce their prices in order to destock the stockpiles. With this, the prices witnessed for Aspartame at the end of q3 were USD 16565/MT FOB Shanghai.
Europe
The European market mimics similar pricing sentiments as of the North American region during the third Quarter of 2022 in Germany, backed by unstable downstream demand witnessed. Weakened buying and purchasing activities significantly supported the decremented price trend of Aspartame in the regional market. The reduced downstream demand from the customer's side led to the building up of stocks for Aspartame with the manufacturers. Besides that, a decrease in trading activities and stockpiled cargoes negatively impacted the pricing tendency of Aspartame. Furthermore, towards the end of q3, the prices demonstrated for Aspartame were settled at USD 23035 /MT CFR Hamburg in September.
North America
In the North American region, the prices of Aspartame witnessed a downward trend during the second Quarter of 2022, backed by a significant reduction in downstream demand from end-user Pharmaceutical, food & beverage industries. Also, substantial fluctuation in upstream feed Amino acids cost and availability affected the Aspartame market in both regional and domestic markets. Besides that, affected trading activities due to fluctuation in fuel prices and rerouting momentum owing to the Russian invasion in Ukraine affected aspartame cost. With slugging downstream demand, the manufacturers were obliged to reduce the production rate, which negatively impacted the prices of Aspartame and went down at the rate of USD 21969 with an average decline of 2.97 % in USA CFR Houston.
Asia Pacific
During the first Quarter of 2022, the prices of Aspartame declined significantly across Asia-Pacific region with an average declination of 3.0% in China backed by Slugging demand from downstream end-user pharmaceutical, food, and beverages industries and increasing inventories. Also, the fluctuation upstream feed Amino Acid prices caused the prices of Aspartame to reduce. Furthermore, the reduced production cost with surging inventories prompted producers to keep the prices low in the market. The local domestic market of Aspartame observed a balance between demand and supply-side, which affects its price value. Towards the end of the second quarter, Aspartame's price increases as the downstream demand increases, resulting in a resurgence in production activities with emptying stocks in the market in the market and were settled at USD 19100/MT FOB Shanghai in China.
Europe
The European market mimics similar pricing sentiments to North America during the second Quarter of 2022, with an average declination of 2.39% in Germany CFR Hamburg backed by unstable feed amino acids cost. Weakened buying and purchasing activities significantly affected the prices of Aspartame in the market. The reduced downstream demand from the customer's side led to the building up of stocks for Aspartame with the manufacturers, resulting in the decline of Aspartame prices. Besides that, a decrease in trading activities owing to stockpiled cargoes negatively impacted the prices of Aspartame. A balanced trend was observed in the supply and demand rate in the local domestic market. Towards the ending of q2 the prices were settled at USD 24708/MT CFR Hamburg.
