Malonic Acid Price Trend and Forecast

Malonic Acid Regional Price Overview

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

Malonic Acid Price Trend for the First Half of 2024

During the first half of 2024, the price trend of malonic acid in Asia was strongly influenced by the fluctuations in its feedstock. The appreciation of the yuan against the US dollar enhanced the competitiveness of Chinese exports, driving up malic acid export volumes and leading to a tighter domestic market. This created a ripple effect on malonic acid prices, as suppliers faced increased costs and demand pressures.
 

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The geopolitical tensions in the region disrupted traditional trade flows, leading to cargo scarcity and further straining supply chains, which ultimately contributed to rising prices of malonic acid. Moreover, domestic demand for both malic and malonic acids remained strong, with local manufacturers experiencing a surge in inquiries from international markets, exacerbating the supply-demand imbalance. The scheduled maintenance shutdowns at several key production facilities in China compounded the supply shortages, creating additional upward pressure on malonic acid prices.

Feedstock malic acid faced rising costs due to elevated prices of maleic anhydride, which itself was driven by higher feedstock benzene prices influenced by strengthening global crude oil markets. These upstream cost pressures flowed through to the malonic acid market, leading to increased manufacturing costs and reduced availability of the product. Additionally, inventory levels of malonic acid remained low throughout the period, further fueling price hikes as manufacturers struggled to meet demand.

With limited alternatives and ongoing logistical challenges, including higher transportation costs and delays in shipments, the malonic acid market in Asia faced persistent upward price pressure throughout the first half of the year. This reflected the broader dynamics of the malic acid supply chain, as both domestic and export markets experienced significant price escalations due to constrained supply and rising input costs.

Analyst Insight

According to procurement resources, the price of Malonic Acid is estimated to showcase a slight recovery in the months ahead on the back of surging production costs.
 

Malonic Acid Price Trend for the Second Half of 2023

Malonic acid is produced primarily with the help of chloroacetic acid and sodium cyanide. So, the price dynamic of malonic acid is greatly tilted towards the feedstock prices generally. During the last two quarters of 2023 as well, the prices were found to be influenced by these raw material costs; however, along with that, there were also several other factors responsible for the resulting wavering price trajectory.

Europe was seeing a manufacturing recession as the grappling economy, after facing the dire Covid-19 pandemic, could not support the markets much. The Russia-Ukraine war was still consequential when the Israel-Hamas war also broke out. The trade started to decline through the Suez Canal as well which acts as the most prominent maritime gateway between Europe and Asia.

The malonic acid market mostly remained tugged as the prices pivoted in both upward and downward directions. Overall, narrow-ranged fluctuations were seen in the malonic acid prices during the said period.

Analyst Insight

According to Procurement Resource, not much change is anticipated in the Malonic Acid prices going forward since the supply and demand outlooks are most likely to sustain their current momentum.
 

Malonic Acid Price Trend for First Half of 2023

The price trend of malonic acid in 2023 witnessed a notable increase in the first two quarters of 2023. This upward trajectory can be attributed to several key factors. One significant driver was the reduction in malonic acid production in India. The decline in the rates of production was not only limited to India, but key regions like Europe, China, and Thailand also stood on the same front.

Further, in India, the demand from consumers remained high throughout this phase and, thus, is one of the significant contributors to the rise in the prices of malonic acid. The export rates also surged as the demand increased in the overseas industries too.

Overall, the price trend of malonic acid has been shaped by multiple factors, including decreased Indian production, limited global supply, and Indian export dynamics, all contributing to the rising malonic acid prices.

Analyst Insight

According to Procurement Resource, the price trend for Malonic Acid are expected to fluctuate with the demand from the consumers and the rate of production.

Procurement Resource provides latest prices of Malonic 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.