Glutamic Acid Price Trend and Forecast

Glutamic Acid Regional Price Overview

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

Glutamic Acid Price Trend for Q1 of 2024

Glutamic acid synthesis involves glucose based fermentation as the fundamental production process. Thereby, the prices are greatly dependent on the fluctuations in the feedstock glucose prices. During the first quarter of 2024, glutamic acid prices witnessed a slight downturn as the domestic demand declined relatively. Sufficient inventory stocks were primarily responsible for this behavior of prices of glutamic acid in the Asian regional markets. The international trade was faced with various challenges at different levels, and the domestic trade alone was not able to sufficiently support the price trajectory.
 

Glutamic Acid Price Chart

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The demands were even more humble in the European markets compared to the Asian markets. The surge in the logistic and processing costs did provide some positive cost support, however, the easy availability and depreciation in the feedstock prices nullified their impact on the upstream costs. Given these fluctuations in the market drivers, the glutamic acid prices followed such a confined trajectory. Majorly because the prices were mostly tugged between these driving factors. Overall, an average market performance was witnessed.

Analyst Insight

According to Procurement Resource, the macroeconomic indicators suggest that the prices will continue to oscillate in the coming months. The market drivers for Glutamic Acid do not suggest any notable changes going forward.

Procurement Resource provides latest prices of Glutamic Acid. 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.