For the Quarter Ending December 2022
North America
North American region, primarily the United States market, the prices of Valine plummeted during the final Quarter of 2022. With the start of the fourth quarter, the prices increased considerably as the demand for food and feed grade inclined. Upstream Corn prices additionally supported the positive market trend of Valine in the United States until November 2022. Later in December, the prices started to decline gradually due to weak inquiries and temporary closure of the market on the back of New year breaks, which resulted in the stocking of with this, the cost of Valine witnessed was assembled at USD 5280/ MT CFR New York food Grade.
Asia Pacific
In the Asia Pacific region, majorly China demonstrated an ascending price trend for Valine during the last Quarter of 2022. With the start of October, the prices for Valine witnessed a decremented tendency owing to disrupted trade momentum, lessened inquiries, weaker feedstock Corn prices, and rising energy costs. Following November, the prices increased considerably until December and ended at USD 3105/MT FOB Shanghai Food Grade. Upstream corn prices during November additionally supported the market trend of Valine on the upper end.
Europe
During the fourth quarter of 2022, the prices of Valine showed descending market sentiments in the European region. With the start of October, the price trend for Valine was observed on the North side on the back of disrupted trade activities and soaring energy costs. Following November, the prices followed the trend of October. However, towards the end of this fourth quarter, i.e., in December 2022, the prices started to decline gradually, primarily due to a reduction in international orders, notably from exporting nations from China. With this, the cost of Valine witnessed during q4 was recorded at USD 5160/MT CFR Hamburg in Germany for Food Grade.
For the Quarter Ending September 2022
North America
During the third quarter of 2022, Valine's domestic market across the North American region showed conflicting sentiments. Valine was among many amino acids whose imports into the US were severely restricted as a result of China's zero-tolerance policy, which caused lockdowns to occur on and off. Due to the heat wave and a power shortage, many Chinese manufacturing facilities had to shut down in the second half of Q3, which had a detrimental impact on the US trade and downstream demand. Inflation, supply shortages, and the country's high-interest rates were just a few of the issues the market experts cited as contributing to the United States' declining demand. Food grade and feed grade figures from CFR New York were put together at $4758 per MT and $3960 per MT at the September end.
Asia Pacific
During the third quarter of 2022, the market trend of Valine in the Asia Pacific region demonstrated mixed sentiments. In the month ending September, the FOB Shanghai negotiations for food and feed grade in the Chinese market were valued at $3650 per MT and $2840/mt, respectively. Valine's price chart suffered throughout the first half of the quarter due to a number of issues, such as fluctuating raw material costs, muted consumer spending, and slow to stable end-user sector demand. Several producing facilities underwent maintenance for more than a month before the markets reopened in the final week of July. During the second half of Q3, this impacted the product flow for domestic and foreign suppliers. Economic reasons and extreme weather conditions have also negatively impacted the market dynamics.
Europe
Following the Valine price settlement at $4370/mt and $3548/mt in September, which continued a mixed pattern throughout the quarter, the CFR Hamburg discussions for both food and feed grades in the domestic German market indicated a negative tendency. The upheaval in Russia and Ukraine and the intermittent port closures in China, which later got worse due to weather conditions, further exacerbated Europe's already challenging economic climate. The food and feed industries also had low to stable offtakes and subdued demand.
