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).
