Carboxymethyl Cellulose Price Trend and Forecast

Carboxymethyl Cellulose Regional Price Overview

Get the latest insights on price movement and trend analysis of Carboxymethyl Cellulose in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Carboxymethyl Cellulose Price Trend for the Second Half of 2023

Carboxymethyl cellulose prices were observed to be fluctuating throughout the given time span. Since it is a popular feed additive for cattle feed and is readily used by the food and beverage industry, the demands from these sectors drove the market trends along with the feedstock costs.
 

Carboxymethyl Cellulose Price Chart

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Since carbohydrate sources like corn and sugarcane are used to aid fermentation for synthesizing cellulose, the price trends are closely aligned with each other. Q3 was still marginally stable for the carboxymethyl cellulose markets; however, the prices started crashing from the beginning of the fourth quarter. The later months of Q4 were relatively weaker as the offshore trade really struggled during this time. Overall, mixed market sentiments were witnessed.

Analyst Insight

According to Procurement Resource, not much improvement is anticipated in the Carboxymethyl Cellulose market going forward. The prices are expected to behave in a similar manner as not much change is projected in the supply and demand dynamics.
 

Carboxymethyl Cellulose Price Trend for the First Half of 2023

Carboxymethyl Cellulose observed mixed price trend in the first half of the year 2023. The prices depended on the feedstock prices of chloroacetic acid and cellulose, along with the downstream demands.

Prices started strong initially in all the major global markets. However, the European and American markets saw a dip by the middle of Q1 as the regions observed low demands, causing the inventories to stockpile. The prices kept fluctuating in a very narrow range as per the supply-demand dynamics. On the other hand, in India and China, the Carboxymethyl Cellulose prices were in an inclined position in Q1, followed by a brief moment of stability before attaining a dip in prices by the end of the second quarter.

Analyst Insight

According to Procurement Resource, the price trend for Carboxymethyl Cellulose are likely to continue fluctuating as per the unstable downstream demands in the upcoming months as well.
 

Carboxymethyl Cellulose Price Trend for the Second Half of 2022

The price trend for carboxymethyl cellulose (CMC) closely imitated that of its feedstock’s cellulose and monochloroacetic acid.

Carboxymethyl Cellulose had an almost stagnant, steady run in H2 2022 mostly fluctuating on the lower side. Bearish market demands became the reason for lowered price patterns. After an initial surge in H1 2022, prices fell and plateaued later in H2. The government-mandated shutdowns and power rationing norms introduced in China affected the overall market dynamics in the Asia-Pacific region. With a series of typhoons in South Korea and Japan; transportation and logistics were drastically affected.

The above-mentioned market coupled with high inflation rates led to demand destruction. Even in the later H2 when the supply chains and inventories improved no simultaneous effect on the prices was seen owing to muted market sentiments. Later as upstream costs decreased and production costs were cut, dampened market demands further aided the decline in carboxymethyl cellulose price.

Analyst Insight

According to Procurement Resource, the price trend for Carboxymethyl Cellulose are likely to remain unsettled in the coming quarter. The trend are likely to oscillate with market demand being the most influential factor as the supply stabilizes. If the market demands improve, the CMC prices will improve, otherwise the same sullen trend as H2 will keep continuing.
 

Carboxymethyl Cellulose Price Trend For the First Half of 2022

During the first quarter, the prices of carboxymethyl cellulose increased throughout the Indian domestic market due to the robust demand from the pharmaceutical industry. However, the prices in the Chinese market were on the lower side due to the low demand from the construction and mining sector.

An oscillating price trend for carboxymethyl cellulose was recorded in the Asian market during the second quarter. The price of sodium carboxymethyl cellulose (the most common variety) with 55% purity averaged 4800 RMB/MT during the first half of 2022.

The price of industrial-grade sodium carboxymethyl cellulose (purity 60-99%) averaged 26500 RMB/MT in the Chinese domestic arena. Similar price trend were seen in the European and American domestic markets. Initially, the prices surged owing to the robust demand from the home improvement sector and high upstream costs; however, the prices stabilized towards the end of the second quarter.

Procurement Resource provides latest prices of Carboxymethyl Cellulose. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.