Dextrose Monohydrate Price Trend and Forecast

Dextrose Monohydrate Regional Price Overview

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

Dextrose Monohydrate Price Trend for the Second Half of 2023

Asia

The Asian market’s performance for dextrose monohydrate was mixed during the last two quarters of the year 2023. The third quarter was relatively more positively inclined than the fourth quarter. The growth of India’s economy translated into better purchasing power and improved middle-class consumption. This led to a growth in the preventive healthcare and nutraceutical sectors; and demands thus increased from these industries.
 

Dextrose Monohydrate Price Chart

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The inclination of the price graph was not very steep, but the market was moving steadily. This trajectory continued till the early month of the fourth quarter. However, oversupplied inventories then started dominating as the demands became stable after a point, and this, along with a dip in feedstock corn prices, led to a fall in dextrose monohydrate prices in the last quarter.

Europe

The European market behavior for dextrose monohydrate was not much different from the Asian markets; the price trend was observed to be fluctuating here as well. The market fluctuations here, however, were a lot more confined. The demand and supply outlooks didn’t have much room for differences and varied within a limited range. The first three months of Q3 saw a better return for the suppliers, while the fourth quarter dwindled low as the long holiday season pushed the market sentiments down.

North America

The North American market behavior for dextrose monohydrate was very similar to its Asian and European counterparts. The prices here were observed to be varying throughout the said duration. The price trend in the third quarter witnessed an average performance, while the last quarter faltered because of lackluster demands. Overall, the dextrose monohydrate market lacked positive sentiment during the given period.

Analyst Insight

According to Procurement Resource, the Dextrose Monohydrate market is not expected to show any considerable improvement anytime soon. The inventories are stocked and will be able to cater to the downstream demands for some time.
 

Dextrose Monohydrate Price Trend for the First Half of 2023

Asia

Dextrose Monohydrate prices fluctuated throughout the first half of 2023. Prices mostly inclined in the first quarter, whereas a declining price pattern was noticed for the second quarter. Prices mostly varied with the fluctuations in the downstream demands from the sweetening and food industries. As the demands initially rose in China because of the Lunar New Year, the prices inclined, but as the stocks started piling up in inventories, the price trend started falling in the second quarter. Overall, mixed price trend were observed.

Europe

In the European Dextrose Monohydrate market, the demands were fairly stable, so it didn’t have much impact on the prices; instead, it was the upstream costs and the production costs that determined the market behavior here. The upstream costs began to stabilize since the energy costs subsided, and the Black Sea Treaty between Russia, Ukraine, and the United Nations gave the market access to feedstock corn and other grains from Ukraine. So, the increased availability of feedstock supplies led to declining price trend. Also, new trade routes were defined, and the freight medium improved, decreasing the shipment costs. Overall, the Dextrose Monohydrate prices wavered at the lower end during H1 2023.

North America

The American Dextrose Monohydrate market was influenced by inventory stocks. As the year began with high stocks, the prices were low for most of Q1 as suppliers were trying to vacate the inventories. But as the stocks cleared up by the beginning of Q2, the prices again started inclining. Overall, mixed price trend were observed.

Analyst insight

According to Procurement Resource, the Dextrose Monohydrate market is expected to continue fluctuating, driven by uncertain market demands and volatile upstream costs.
 

Dextrose Monohydrate Price Trend for the Second Half of 2022

Asia

The price trend for Dextrose Monohydrate directly mimicked that of its feedstock corn starch, glucose, and raw sugars. Corn starch prices in H2 2022 remained on a downhill trajectory in the Asian market. After the upstream costs relaxed in later H1, the prices remained wavering on the lower end. Production costs for dextrose monohydrate declined and consumer demand also didn’t pick pace. So low costs along with low demands kept the dextrose monohydrate price trend low hanging in H2 2022.

Europe

As the upstream costs decreased and freight congestion cleared, the price trend for dextrose monohydrate registered a downward trajectory in the third quarter. But surprisingly the demands increased rapidly in Q4. As inventories had cleared out and demands increased, the prices showed an upward inclination in December’22.

North America

Dextrose Monohydrate prices in the North American market observed very mixed price trend. Prices fluctuated with the market demands and feedstock prices. Q3 witnessed a decline in the prices owing to strong supply and stabilized upstream cost pressure. However, the market demands saw a rise in the last quarter causing the pricing fundamentals to incline again.

Analyst Insight

According to Procurement Resource, the prices of dextrose monohydrate are likely to remain oscillating in the coming quarter given the current market dynamics. The fluctuating demand amid rising inflation, baulking of consumers, and contracting purchasing power will be the major determining factors for the market trend.
 

Dextrose Monohydrate Price Trend For the First Half of 2022

Asia

During the first quarter, the prices of dextrose monohydrate remained strong owing to the high prices of feedstock like raw sugars, corn starch and glucose. The high prices were due to the robust demand from downstream ethanol and biodiesel industries, affecting the price trend for dextrose monohydrate. The feedstock corn and corn starch price averaged 365.23 USD/MT and 3424 RMB/MT, respectively. However, the prices stabilized and plateaued during the second quarter as the upstream production costs relaxed.

Europe

The European domestic market closely followed its Asian counterpart. The prices increased in the first quarter owing to downstream solid demand and supply shortages. However, the prices stabilized in the second quarter as more imports from the sugar-producing nations caused stockpiling of inventories in the market.

North America

In the US domestic market, the prices surged owing to the raised prices of feedstock corn and glucose. The cost of corn starch averaged $0.65-0.59/kg or $629.94/ton in New York and Washington. The price of glucose syrup averaged 948.20 USD/MT. The price trend of dextrose monohydrate remained firm during the said period averaging 867.63 USD/MT.

Procurement Resource provides latest prices of Dextrose Monohydrate. 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.