Home
Chemical Prices
Glyoxylic Acid

Glyoxylic Acid Price Trend and Forecast

Get Real Time Prices

Glyoxylic Acid Price Trend and Forecast

Get Real Time Prices

Market Overview

For the Quarter Ending December 2022

North America

Glyoxylic Acid prices decreased in the American market at the end of the fourth quarter of 2022, following a price rise at the start of the quarter. At the beginning of Q4, the prices rose on the back of rising upstream nitric Acid costs. The exports from China were disrupted as a result of covid restrictions at major ports of key provinces, which contributed to the rise in Glyoxylic Acid prices in the US at the start of Q4 2022. The price of Glyoxylic Acid declined to the end of Q4 2022 and was recorded at roughly USD 1823/MT in the American market.

APAC

In the Indian market, Glyoxylic Acid prices decreased at the end of the final quarter of 2022 after rising for the previous months of the quarter due to the increasing cost of upstream Nitric Acid in the Chinese market. China exports Glyoxylic Acid to several markets in Asia, dictating the pricing trend movements in Asian markets. After mid-November, the Glyoxylic Acid in the Indian market and the Chinese market dropped due to poor demand caused by the weak economic condition in Asian markets. Similar circumstances in China and India were seen in South Korea during Q4 2022. Glyoxylic Acid price in China at the end of Q4 2022 was recorded at around USD 1352/MT.

Europe

The final quarter of 2022 witnessed an increase in the price of Glyoxylic Acid in the European market due to supply problems brought on by various restrictions in China's key port cities as a result of containment measures for Covid-19 cases. For the majority of their needs in Glyoxylic Acid, several European markets, including Italian and Belgian markets, depend on China. Throughout Q4 2022, the consistent price hike of upstream Nitric Acid contributed to the rising price trend of Glyoxylic Acid in European markets. The price of Glyoxylic Acid in European markets (German market) during the end of Q4 2022 was recorded at roughly USD 3835/MT.

For the Quarter Ending September 2022

North America

The price of Glyoxylic acid in the North American market rose during the end of the third quarter of 2022, despite witnessing a declining price trend during the start of Q3 2022. High inflation rates affected the buying sentiments during the start of Q3. The supply disruption of the exports from China owing to the covid restriction in significant port cities during later October of 2022 abetted the rising trend of Glyoxylic Acid prices in the US in Q3 2022. The constant demand from the downstream textile sector for dyeing and the downstream agricultural sector for agrochemicals assisted in the increasing price hike of Glyoxylic Acid during the end of Q3 2022 and was recorded at around USD 1750/MT.

APAC

In the Indian market, the prices of Glyoxylic Acid dropped during the start of Q3 2022 and rose throughout the rest of the third quarter of 2022 on the back of solid demand from the downstream cosmetics industry. India relies on China for almost 80% of its Glyoxylic acid requirements. The supply disruption caused by the various restrictions on major Chinese port cities due to restrictions imposed to curb covid-19 cases during mid-August abetted the rising trend of Glyoxylic acid in the Indian market during the same time period. The South Korean market witnessed a similar situation to the Indian market. Covid -19 restrictions disrupted the supply in China and raised the price in the South Korean market during the mid-third quarter of 2022, and the prices in China were recorded at USD 1339/MT at the end of Q3 2022.

Europe

Several European markets rely on China for a majority of their Glyoxylic acid needs in (Italian and Belgian) markets. The Supply disruptions caused by various restrictions in China's major port cities due to containment restrictions on Covid-19 cases supported the upward trend in glyoxylic acid in the European market during the end of the third quarter of 2022. The steady demand from the cosmetics sector of Europe aided the increasing price trend of Glyoxylic acid prices in European markets during Q3 2022. High production costs owing to the energy crisis in Europe contributed to the price hike in Glyoxylic manufacturing in European markets like the German market during Q3 2022 and was recorded at around USD 3444/MT.

How we can help

ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.

Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Glyoxylic Acid is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

Learn More

Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

Learn More

Company Profile

Basic details and information on financial performance of leading global players in the Glyoxylic Acid market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

Learn More

Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Glyoxylic Acid manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company's annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Glyoxylic Acid market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry's performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behaviour of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Glyoxylic Acid market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Glyoxylic Acid are analyzed and region-wise demand pattern is tracked.

About

Glyoxylic acid, also known as oxoacetic acid, is one of the C2 carboxylic acids, along with acetic acid, glycolic acid, and oxalic acid. It is a naturally occurring, colorless solid that has industrial use. Nitric acid is converted into NO and N2O during the batch process of producing glyoxylic acid, and NO is then recovered as HNO3. Glyoxal is transformed into oxalic acid (COOH)2 in a secondary reaction during the production process, which produces N2O. Glyoxylic acid is utilized in personal care products as a neutralizing agent; it is commonly found at concentrations of 0.5–10% in hair straightening treatments in particular (shampoos, conditioners, lotions, and creams).

Product Specific Details

CAS No:	563-96-2
HS Code:	29121990
Grade:	50% Pure
Contract Size:	50-100 MT
Packaging Type:	Drums, Tanker

Get real-time pricing intelligence for different chemical products traded worldwide under mentioned Incoterms:

Incoterms: FOB/CFR/CIF/Ex-Works/ Ex-Location

Incoterms Definitions -

CFR - The price at which a country imports a commodity, which includes the cost of the commodity and freight charges.

FOB - The price at which a country is exporting its commodities.

FD (Free Del.) - Price deals are valid for free delivered commodities sold in the sphere of 300 sq. km in NWE (Northwest Europe).

Ex-works - These are the actual factory price which does not include any logistics charges.

Ex-Location - These are the prices of traders/suppliers/distributors for domestic trade purposes.

Taxes - The prices shown on the portal are exclusive of all taxes such as GST or VAT

Discounts - ChemAnalyst does not consider relevant bulk, trade, or contract discounts.

Countries Covered:

• India

• China

• Germany

• Belgium

• France

• Italy

• South Korea

• United States of America (USA)

Track real-time price movement of 300+ chemical and petrochemical products for informed purchase decisions

Glyoxylic Acid Price Trend and Forecast

Our Clients