For the Quarter Ending December 2022
North America
The prices of Pectin in the North American region plummeted at the end of the fourth quarter of 2022. As with the start of the winter month, i.e., October, the prices witnessed were on the upper side owing to an increase in end-user demand. Inflation during October thus decreased substantially compared to September, even though it remained well above the upper boundary, which affected Pectin's market sentiments. Following mid-q4 supply, chain disruption started to subside along with shipping charges, which didn't support the price trend for Pectin in the United States as the inquiries remained low, keeping its prices on the lower end. Towards the end of the year 2022, the prices declined significantly with stockpiled inventories among the market participants and were recorded at USD 12560/MT CFR Los Angeles in North America.
Asia Pacific
APAC region, primarily in China, witnesses descending price trend for Pectin in the fourth quarter of 2022. The prices of Pectin during October inclined as the inquiries from the traders increased. Chinese manufacturing activity, one of the important components of the country's economy, has declined steadily since the start of November in the fourth quarter. As rising COVID-19 cases caused more supply disruptions within the domestic and international markets, the demand fell again after witnessing an upsurged trend in the previous month which in turn affected the market sentiments of Pectin on a weaker side. Following a similar trend, the price of Pectin recorded during the end of the fourth quarter was settled at USD 11950/MT FOB Shanghai in China.
Europe
In the European region, primarily Germany, the fourth quarter of 2022 showed an incremented trend throughout the final quarter of 2022. At the start of October, inquiries inclined again after witnessing a weak trend in the previous month. Supply chain disruption eased rapidly along with the shipping cost during this mid of fourth quarter, somewhat supporting the positive market sentiments during mid-q4, i.e., in November 2022. With this similar trend, the prices of Pectin visualized the same tendency as the downstream demand remained consistent, along with sufficient supplies with the market players to meet the overall orders.
For the Quarter Ending September 2022
North America
High Methoxyl (HM) Pectin prices in the North American region were inclined in the first half of the third quarter of 2022. Demand from the downstream pharmaceutical and food sector has increased in the region, keeping the prices on the higher side. Furthermore, with the surging inflation rate, some US customers have frontloaded orders to ensure they have goods on hand with lower costs. Moreover, towards the termination of q3, the prices for High Methoxyl (HM) Pectin dropped down owing to weaker purchasing momentum observed from the customer side. Also, stockpiling of stocks the suppliers feared caused them to reduce the prices to destock the inventories. With this, the prices demonstrated for High Methoxyl (HM) Pectin were assessed at USD 13580/MT CFR Los Angeles.
Asia Pacific
In the APAC region, the prices of High Methoxyl (HM) Pectin witnessed an upsurged trend backed by increased demand from the downstream Pharmaceutical and Food sector. Also, the price trajectory witnessed a sharp increment owing to an increase in upstream citrus fruit value. Furthermore, the ongoing geopolitical conflict between the Russia-Ukraine war halted production in various manufacturing units, impacting the price propensity of High Methoxyl (HM) Pectin in the domestic market. China's export growth for HM Pectin unexpectedly picked up speed in July and followed a similar tendency until mid of q3. With the ending of q3, the price dropped down and was settled at USD 10865/MT FOB Shanghai in China.
Europe
In Europe, High Methoxyl (HM) Pectin prices inclined during the third quarter of 2022. The market surged significantly in q3 owing to the geopolitical conflicts between Russia-Ukraine, during which the trade routes showed signs of congestion following a tense trade atmosphere. Further, the increased demand and weak supplies with the domestic retailers propelled them to raise their stocks to meet the demand side, which positively supported HM Pectin price trends in Europe. With this towards the termination of q3, the prices got settled at USD 12780 / MT FOB Hamburg.
