Itaconic Acid Price Trend and Forecast

Itaconic Acid Regional Price Overview

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

Itaconic Acid Price Trend for the Second Half of 2023

The itaconic acid price trend mimicked the market behavior of its feedstock material, citric acid, very closely during the second half of 2023. The beginning of H2 was cold as the inventories were high, so the prices were still discounted. However, as the demands remained stable, the market dynamics started to improve steadily and inclined throughout the rest of the third quarter. However, the market situation reversed again in the final quarter. This time, the demands started to decline again, pressurizing the inventories.
 

Itaconic Acid Price Chart

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The coating and chemical industries were struggling because of a lowered customer interest. The freight interruptions also had a role in disturbing the global trade dynamics. Overall, varying market performance was experienced in H2’23.

Analyst Insight

According to Procurement Resource, the Itaconic Acid price trends are likely to remain at the lower end for some time in the coming months. Since the inventories are overflowing and the demand is regular, the prices will continue to fluctuate.
 

Itaconic Acid Price Trend for the First Half of 2023

Itaconic Acid is obtained by processing Citric Acid, so it closely follows any fluctuations in citric acid prices along with the market demands from the downstream chemical, agrochemical, adhesive, coating, and other related industries.

As the markets and manufacturing activities started reviving in the Asian region, particularly China, after a long halt because of the COVID-19 restrictions, the market posed fresh demands. Also, the Lunar New Year holidays boosted the market offtakes. With constantly moving inventories, the market performed very positively throughout the said period. Itaconic Acid prices wavered in an upward direction, supported by good demands and high feedstock prices. Overall, positive market sentiments were observed.

Analyst insight

According to Procurement Resource, the price trend for Itaconic Acid are expected to continue fluctuating since the downstream demands continue to remain unsettled.

Procurement Resource provides latest prices of Itaconic 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.