Get the latest insights on price movement and trend analysis of Butanedioic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the Second Quarter of 2022
The prices of butanedioic acid ( aka succinic acid ) registered a downward trend in the Asian market. Even after the removal of zero-tolerance covid-19 restrictions in China the factories were not running at optimum rates. The raised costs of inputs and the inability to pass the prices to consumers any further cause the manufacturers to make production cuts.
However, these cuts were further supported by the dwindling market sentiment. The cautious wait-and-see attitude of buyers amid relaxed feedstock prices caused the price trends for butanedioic acid to stabilize initially and then decline. The butanedioic acid prices went from 19000 RMB/MT in April to 15,500 RMB/MT in June 2022.
The raised operating costs amid the robust downstream demand caused the prices of butanedioic acid to surge throughout the said period. The increased prices of feedstock corn, sugarcane and maleic acid further pushed the prices.
The prices of feedstock maleic acid kept firm throughout the said period averaging 3970 USD/MT CFR New York. With high production and freight costs amid the robust demand, the prices of butanedioic acid registered a hike of 1.3% compared to the first quarter.
For the First Quarter of 2022
Butanedioic acid market sentiments in the Asia-Pacific area were positive in the first quarter of 2022. In compared to Q4 of 2021, Q1 2022 saw an increase of roughly 11% due to high demand in the pharmaceutical sector due to the Omicron virus outbreak in China and other Asian countries.
Furthermore, upstream maleic acid and benzene prices increased due to political tensions between Russia and Ukraine, resulting in high production costs and supply disruptions in the international market. Butanedioic acid prices ranged from 2551 USD/MT FOB Qingdao at the start of the quarter to 2665 USD/MT FOB Qingdao, China at the end of the quarter in 2022.
Butanedioic acid prices in the European market rose in Q1 2022 due to a material scarcity caused by supply chain disruption. The ongoing conflict between Russia and Ukraine impacted the chemical’s market sentiments in the European region, as upstream benzene and maleic acid prices rose, forcing European manufacturers to raise its production costs to meet domestic demand. These factors were the driving force behind an increase of 8% in the first quarter of 2022 compared to the fourth quarter of 2021.
In Q1 2022, market sentiment for the chemical in the North American region was on the rise. Butanedioic acid prices jumped at the conclusion of the quarter due to higher feedstock prices. In comparison to Q4 2021, Q1 2022 had an increase of 8%. Market attitudes were also influenced by rising demand from downstream industries such as food and beverages, cosmetics, and personal care. The quotes were 2936 USD/MT, CFR Texas, USA in January and 3117 USD/MT, CFR Texas, USA by the conclusion of the quarter.
For the Fourth Quarter of 2021
Overall, the chemical’s market in the Asia Pacific area experienced mixed feelings in the fourth quarter of 2021, with varying offers in different sub-regions. The supply problem in Northeast Asia is mostly to blame for this situation, which alleviated in the second half of the quarter.
In India, however, due to adverse attitudes in the home market, providers were forced to supply volumes at discounted pricing. Despite the high-cost support from the upstream and raw material, butanedioic acid prices declined steadily in the Indian domestic market. As a result, towards the end of Q4 2021, the Ex-Chennai discussions fell to 2958 USD/MT.
Despite the region's constrained supply, European market sentiment for the chemical remained positive in the fourth quarter of 2021. Whereas, in reaction to the continuous power deficit in Europe, manufacturers were obliged to reduce their operational rates on the European domestic market. High electricity prices pass on the cost support to the Butanedioic acid production cost.
While demand from the downstream cosmetic, pharmaceutical, and food sectors remained strong throughout the quarter. Offers in the European domestic market remained buoyant throughout the quarter as a result of high demand and restricted supply.
Throughout the quarter, the Butanedioic acid market in North America was firm to buoyant. Despite an increase in operational rates at production sites following the hurricane season, the quote continued to rise due to adequate cost support from upstream Benzene after the crude oil price rose significantly when OPEC+ opted to boost production margins.
Furthermore, despite the feedstock limitations, production of Glycerol-based Butanedioic acid remained low. In contrast, despite the revival of COVID and rising global food price index, demand from the downstream pharmaceutical, cosmetics, and food sector remains healthy. As a result of the ripple effect, the producer's quotation for the chemical increased gradually in the fourth quarter of 2021.
Procurement Resource provides latest prices of Butanedioic 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.
Butanedioic or Succinic acid is a kind of dicarboxylic acid. The term succinic comes from the Latin word succinum, which means amber. In living organisms, butanedioic acid is transformed into fumarate by the enzyme succinate dehydrogenase in complex 2 of the electron transport chain, which is involved in the production of ATP, and as a signalling molecule reflecting the cellular metabolic status.
|Product Name||Butanedioic Acid|
|Industrial Uses||Industrial, Food, Pharmaceuticals, Cosmetics|
|Synonyms||Succnic acid, Amber acid, Asuccin|
|Supplier Database||BASF SE, Myriant Corporation, BioAmber, Parchem, Dow Chemicals, Ernesto Ventos S.A., The Chemical Company, Kawasaki Kasei Chemicals Ltd., Mitsubishi Chemical Corporation|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
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Butanedioic Acid production from maleic anhydride via a typical hydrogenation process. In this process, maleic anhydride is hydrogenated to succinic anhydride, which is then converted to butanedioic acid.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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