Sample Graph
[Unit = USD/Tonnes]
Sample Graph
[Unit = USD/Tonnes]
Sample Graph
[Unit = USD/Tonnes]
Sample Graph
[Unit = USD/Tonnes]
Sample Graph
[Unit = USD/Tonnes]
Sample Graph
[Unit = INR/Tonnes]
For the Quarter Ending June 2023
North America
In the second quarter of 2023, Guar gum prices in the US market showcased oscillation in the trajectory of the price. The price was valued at the end of Q2 2023, representing an average quarterly decline of 1.20%. Overall, the prices fell significantly but showed signs of relief in the market situation in the last month of Q2 2023. Due to sporadic fluctuations between supply and demand during the month. Market trading fundamentals were impacted by weak demand and high inventories. Retail sales fell due to high inflation. Retailers have also struggled with bloating inventory they ordered to meet surges in demand during the outbreak, despite stagnant demand. Also, the cost of energy declined in recent months, due to the slowdown in the global economy and the decline in the price of oil further supported the lower trajectory of Guar Gum. Later in June, the US market witnessed an increase in Guar Gum prices, primarily driven by the rising demand. Challenges such as higher interest rates, increased living costs, and reduced household savings impede the upturn in the coming months. Subdued foreign demand conditions have been observed across various industries.
Asia
The market price of Guar gum declined significantly in the second quarter of 2023, driven by weak domestic and international demand. The price was valued and acquired at the end of Q2 2023, with an average quarterly decline of 11.87%. Guar Gum is a byproduct of guar seed used in the oil and gas industry. The decline in crude oil prices has led to a decline in the demand for guar seed oil, which has led to a decline in the demand for Guar Gum. The global economy is currently facing several challenges, including the war in Ukraine. This has led to decreased demand for a variety of products, including Guar Gum. Also, the logistics industry in China continued to grow in June 2023, with the sector's performance indicator rising to 51.7%, as per data from the China Federation of Logistics and Purchasing. The e-commerce logistics index surged for the sixth straight month in June, reaching 110.6 points. This was driven by an increase in both rural and overall business volume. Freight transport volume also increased in June, with the index rising to 51.2 points. This was driven by an increase in both domestic and international trade. Warehouse occupancy rates remained high in June, with the index standing at 52.3 points. Overall, the inventory level of the Guar Gum, was at a higher edge as they increased their production rate with a low demand side. The feedstock suppliers were also offering Guar Gum seeds at a cheaper price in the spot market which reduced the cost support for Guar Gum.
Europe
In the second quarter of 2023, the demand for Guar gum collectively decreased, leading to a decline in market prices. The price was valued and acquired at the end of Q2 2023, with an average quarterly decline of 1.17%. Weak demand from the food and beverage industry, slackening demand from the oil and gas sector, and Increased supply were some of the factors that kept the market feeble. Due to reduced imports of raw materials from exporting countries like China and chronically low downstream industry demand, Guar Gum prices in Germany fell in April. Additionally, the cost of shipping goods by sea has decreased due to recent rates between China and Europe returning to pre-pandemic levels and a major reduction in congestion, both of which influence the state of the company. The availability of domestic supplies and a decrease in demand in the local as well as in the international market impacted commodity prices. In other European countries like France, Italy, Spain, and the Netherlands also the Guar gum prices remained depreciated. The supply of guar gum increased due to the expansion of production capacity in India, the world's largest producer of guar gum. This has led to an increase in the supply of guar gum on the global market. However, the demand for guar gum has decreased due to the slowdown in the global economy. Additionally, speculators have been selling guar gum futures contracts in anticipation of lower prices in the future, which has also put downward pressure on prices.
For the Quarter Ending March 2023
North America
Guar Gum prices displayed a fluctuating price pattern, with a modest decline in the first quarter of 2023. Prices dropped at the start of Q1 due to the low demand compared to the demand side's amassed supply. Prices were on the lower side since shale gas usage was steady. Furthermore, declining demand and the widespread use of natural shale gas frequently impact the market value of Guar Gum. Also, the price increased gradually and slightly over the course of the last month of the quarter due to an increase in demand from the natural gas industry. By the end of Q1, the general price trajectory was observed to be on an oscillating pattern. Finally, it was determined that the price of Guar Gum was USD 2095/MT CFR Houston in March.
Asia Pacific
Throughout the first quarter of 2023, the Guar Gum market showed a rising price trend. With the implementation of the zero-covid policy, the Covid-19 cases have stabilized, further increasing demand in China and the food processing sector, leading to an increase in Guar Gum prices throughout the quarter. Because there was little demand for Guar Gum on the spot market and a surplus of supplies coming from growing regions, prices were not under pressure. China's zero-Covid policy included the removal of stringent safeguards like lockdowns and thorough testing. Prices increased as a result of these efforts because the economy had been performing well. In March, close to the end of Q1, prices were noted as USD 2190/MT for CFR Shanghai.
Europe
In the first quarter of 2023, prices in Europe were falling as a result of fundamentals of modest supply and demand. Prices declined, and there were sufficient stockpiles with the dealers at the start of Q1 due to weak demand and supply-side adoption. Lower product prices were observed in the market during the second half of Q4 as a result of low demand and a relaxation of supply brought on by constant inflation. Due to a downturn in demand from the food and beverage industry as well as the oil and gas sector, Guar Gum prices have fallen dramatically in the domestic German market. Despite sufficient supplies in the local market, the product's price kept decreasing. Prices for FD Hamburg for Germany in March were reported to be USD 1980/MT toward the close of Q1.
For the Quarter Ending December 2022
North America
Prices for guar gum showed an upward price trajectory with minor fluctuations in the fourth quarter of 2022. Because of the strong demand as opposed to the supply side's accumulated stock, prices were higher at the beginning of Q4. The use of shale gas expanded, which was why the price rose. Additionally, due to rising demand from the natural gas industry, the price rose gradually and somewhat throughout the first half. The overall price trajectory was seen to be on a declining trend at the conclusion of Q4. Finally, it was determined that the price of guar gum was USD 2285/MT CFR. Houston in December.
Asia Pacific
The guar gum market displayed a negative price tendency throughout the fourth quarter of 2022. The increase in Covid-19 instances has hurt demand in China and the food processing industry, which has resulted in a 13% drop in guar gum prices over the previous month. Guar gum prices were under pressure due to a lack of demand in the spot market and an abundance of supplies from growing areas. China used strict measures like lockdowns and rigorous testing as part of its zero-Covid policy. The economy had been impacted by these actions. In December, close to the end of Q4, prices were noted as USD 2050/MT for CFR Shanghai.
Europe
In the fourth quarter of 2022, prices fell as supply and demand fundamentals remained constant. Prices decreased at the start of Q4 because of poor demand and supply-side adoption. The ease of supplying goods to European countries has further aided the drop in prices on the local market. The beginning point for imports, exports, and exports were the Black Sea region. Lower product prices were observed on the trade market in the second half of Q4 as a result of low demand and supply relaxation brought on by stable inflation. Guar gum is becoming more common, and consumers are becoming more aware of its health and nutritional benefits, which will help the market continue to rise. Despite sufficient quantities being available on the domestic market, the product's price continued to decline. Prices for FD Hamburg for Germany in December were reported to be USD 2150/MT toward the close of Q4.
For the Quarter Ending September 2022
North America
In the third quarter of 2022, Guar Gum prices showed an upward price trajectory with slight fluctuation. Prices were higher at the start of Q3 because of the strong demand as opposed to the supply side's accumulated stock. The development of shale gas use was the cause of the price increase. The market value of Guar Gum is typically driven by rising demand and the widespread usage of shale gas for household and cooking purposes. Additionally, the price increased steadily and somewhat throughout the first half due to rising demand from the natural gas industry. At the end of Q3, the overall price trajectory was observed to be on an upward trend. In conclusion, it was found that Guar Gum cost USD 2450/MT CFR Houston in September.
Asia Pacific
In the third quarter of 2022, the Guar Gum market showed a price trajectory change. With each small change in the market price of raw materials, the price continued to change. Due to the market's abundance of inventory at the beginning of the first half of Q3, prices began to decline. The end-user industries, such as the food industries, lowered their demand as well. Prices rose in the second half of Q3 because of rising demand and a shortage of inventory, which forced dealers to maintain price increases. Prices were noted to be USD 2110/MT for CFR Shanghai in September, near the end of Q3.
Europe
Gaur Gum Prices increased in the third quarter of 2022 and fluctuated avidly with the supply/demand fundamentals. Prices fell at the beginning of Q3 because of weak demand and supply-side take-up. The domestic Gaur Gum price decline has been further helped by the ease with which goods can be supplied to European nations. The Black Sea region served as the starting point for imports, exports, and exports. The second half of Q3 saw higher product prices on the trade market because of rising demand, supply restrictions brought on by the Russia-Ukraine war, inflation, and a labor shortage caused by the war's effects. Along with the spike in freight costs brought on by the Russia-Ukraine war, trade prices on the European Market also increased. The growing prevalence of guar gum and rising consumer knowledge of its nutritional and health benefits would further boost the growth market. Towards the end of Q3, the prices were recorded to be USD 2310/MT for FD Hamburg for Germany in September.
For the Quarter Ending June 2022
North America
In the second quarter of 2022, Guar gum prices showed an upward price trajectory with slight fluctuation. At the beginning of Q2, the prices were higher due to the strong demand than the supply side with piled-up stock. The price increase is due to the expansion in shale gas utilization. Increasing demand and the wide use of shale gas for domestic and cooking designs generally drive Guar Gum's market worth. Moreover, in the first half, there was a continuous increase in price with slight variation, as there is increasing demand from the natural gas industries. Toward the end of Q1, the overall price trajectory was recorded to be on the upper side. Conclusively, the price of Guar Gum was observed to be at USD 2856/MT CFR New Orleans (USA).
Asia Pacific
In the second quarter of 2022, the market for Guar gum showcased an upward price trajectory. One of the largest producers and exporters of guar gum in India. The price keeps on fluctuating with the slight variation in the cost price of raw materials. At the onset of the first half of Q2, the prices showed steady market sentiments with the demand side in a dynamic state with the supply side. Later in the second half, the costs of Guar Gum showed mixed sentiments with the resolve of the pandemic. The resurgence of Covid on the global level set down pressure on the Guar Gum prices owing to increased demand with sufficient supply and higher inventories. Later, towards the end of the second half, the end-user industries experienced higher demand with lesser supplies leading to price inclination. Towards the end of Q2, the prices were observed to be USD 147400/ton Ex-Jodhpur (India).
Europe
In the second quarter of 2022, the prices were increasingly avidly with the supply/demand fundamentals. At the beginning of Q2, the prices were higher due to strong demand and high offtakes than the supply side. However, with the beginning of the last part, the resurgence of the pandemic added to the expansion in Gaur gum costs in the homegrown and worldwide business sectors. Increased demand with supply constraints due to Russia-Ukraine war inflation and shortage of labor due to the post-pandemic effect led to higher product prices in the trade market. Also, with the increase in freight charges due to covid, the trading prices increased in European Market. The growing prevalence of guar gum and rising consumer knowledge of its nutritional and health benefits would further boost the growth market. Towards the end of Q2, the prices were recorded to be USD 2656/ton FD Rotterdam (Netherlands).
For the Quarter Ending March 2022
North America
In the first quarter of 2022, Guar gum prices showed an upward price trajectory with slight fluctuation. At the beginning of Q1, the prices were on the lower end due to the weak demand than the supply side with stocked up inventories. With surging awareness about Guar gum's health benefits, the demand from the downstream industries increased, leading to a surge in demand for Guar gum in domestic and overseas markets. Later in the second half of first quarter, as the pandemic resurfaced, a fall in production, higher consumption, and lower carry forward stock was witness when compared with the last quarter. Toward the end of Q1, the overall price trajectory was recorded to be on the upper side.
Asia Pacific
In the first quarter of 2022, the market for Guar gum showcased a fluctuating price trajectory. India is one of the major producers and exporters of Guar Gum. At the onset of the first half of Q1, the prices showed stable market sentiments with the supply side in equilibrium with the demand side. Later in the second half, prices of Guar Gum showed mixed sentiments with the onset of the pandemic. The resurgence of Covid on the global level set down pressure on the Guar Gum prices owing to increased demand with sufficient supply and higher inventories. Later, towards the end of the second half, the end-user industries experienced higher demand with lesser supplies leading to price inclination. Towards the end of Q1, the prices were observed to be USD 1505/ton Ex-Bikaner (India).
Europe
In the first quarter of 2022, the prices were stable with moderately operating supply/demand fundamentals. At the beginning of Q1, the prices were lower due to weaker demand than the supply side. But with the onset of the second half, the resurgence of the pandemic contributed to the increase in Gaur gum prices in the domestic and global markets. Increased demand with supply constraints due to labor shortage, disruption in supply chains, and feeble trade market led to higher prices. Also, with the increase in freight charges due to covid, the trading prices increased in European Market. The increasing consumer awareness about the health and nutritional benefit of Guar gum and its growing prevalence will further escalate the growth market. Towards the end of Q1, the prices were recorded to be USD 2235/ton CFR Hamburg (Germany).
