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Hydroxymethyl Furfural (HMF) Price Trend and Forecast

Regional Price Overview

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

Hydroxymethyl furfuryl Price Trends for the Second Half of 2023

Asia

The price trend of hydroxymethyl furfuryl registered a notable incline in its prices during the third quarter of 2023. During these months, the cost of feedstock materials grew exponentially, raising the production cost and in turn the prices of hydroxymethyl furfuryl.

Hydroxymethyl Furfural (HMF) Price Trends

Additionally, the Chinese currency strengthened in Q3 as compared to the US dollar, with increased the profit margin gained by the traders from exports. However, the fourth quarter did not translate this momentum well and the prices began to decline. Amid the declining cost of energy and increased supply rates, the traders were at the end prompted to lower their hydroxymethyl furfuryl price quotations.

Europe

In Europe, the consistency in demand from the downstream industries and stability in the feedstock prices helped the hydroxymethyl furfuryl market to incline in the third quarter of 2023. The growth rate of the industrial sector was also in the green zone, indicating a positive outlook for the European countries. But on the onset of the fourth quarter, the prices began to fluctuate under the influence of rising inflationary pressure.

North America

Throughout the H2 of 2023, the hydroxymethyl furfuryl prices exhibited volatility as the supply rates overpowered the demand from the domestic downstream industries. The situation became much dire when the shipments through Panama Canal were halted which led to an unprecedented bloom in the inventories. Further, the ongoing economic instability and a double-digit percentage decline in the cost of crude oil also reduced the production prices by a great margin, reducing the hydroxymethyl furfuryl prices.

Analyst Insight

According to Procurement Resource, the price trends of Hydroxymethyl furfuryl is expected to face certain uncertanities due to rising economic challenges and restrictions in trading activities.

Hydroxymethyl Furfural (HMF) Price Trend for the First Half of 2023

Asia

In the production of hydroxymethyl furfuryl, hexose sugars such as dextrose serve as the feedstock material. In the first quarter, the cost of feedstock rose with the support of the rising number of inquiries from the international and domestic sectors. The supply chains in the Asia-Pacific region also got disrupted, as observed by the delayed rates of consumption.

In addition to this, after a long period of stagnancy in market activities due to COVID-19 and the holiday season, the improvements in the production rates, along with high consumption from consumers, also contributed to the incline in the price trend of hydroxymethyl furfuryl. However, in the second quarter, the cost of feedstocks inflated under the pressure of rising rates of interest, and thus, the price trend of hydroxymethyl furfuryl ultimately declined.

Europe

The fluctuations in the cost of hexose sugars in the first quarter were due to the stagnant demand and ample availability of the materials, which negatively impacted the price trend of hydroxymethyl furfuryl. However, market conditions improved in the later phase with improvements in the demand from the downstream industries and the positive purchasing potential of consumers.

In addition to this, the gap between supply and demand widened in the second quarter, which further supported the growth of hydroxymethyl furfuryl prices. But in the later months, the price trend declined significantly as the stocks overflowed, and sliding market conditions resulted in a lowering of consumer confidence that ultimately resulted in the decline in the price trend of hydroxymethyl furfuryl.

North America

In North America, the prices of hydroxymethyl furfuryl faced challenges due to the ample number of inventories and flat demand from the downstream industries in the initial phase of the first quarter. The inflation rates and influx of low-cost products from overseas traders also pushed the prices of hydroxymethyl furfuryl in a negative direction. In the later months, the feedstock prices rose due to high demand and an overall incline in the number of new orders. The cost of hexose sugars in the second quarter also showed a positive growth rate, which ultimately resulted in the rise in the price trend of hydroxymethyl furfuryl.

Analyst Insight

According to Procurement Resource, the price trend of Hydroxymethyl Furfural (HMF) is estimated to follow an oscillating trend. The prices will majorly be affected by the purchasing capacity of buyers and global economic conditions.

Procurement Resource provides latest prices of Hydroxymethyl Furfural (HMF). 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.

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About

HMF is a highly soluble whitish-yellow solid formed by the dehydration of reducing sugars. It consists of a furan ring substituted at 2 and 5 positions by formyl and hydroxymethyl groups, respectively. It is often produced by sugar-containing food while in storage, especially while cooking. The food industry mainly uses it as a flavor-enhancing agent, and it can act as a carbon-neutral feedstock or produce other chemical compounds.

Product Details

Report Features Details
Product Name Hydroxymethyl Furfural (HMF)
HS CODE 29329900
CAS Number 67-47-0
Chemical Formula C6H6O3
Synonyms 5-(Hydroxymethyl)furan-2-carbaldehyde, HMF, 5-(Hydroxymethyl)-2-furaldehyde, 5-(Hydroxymethyl)furfural, Industrial Uses:, Flavoring Agent, Additives, Biomarker, Chemical Feedstock
Molecular Weight 126.11 g/mol
Supplier Database AVA Biochem, Robinson Brothers, Nowa Pharmaceuticals Co. Ltd., Merck, Zhejiang Sugar Energy Technology Co. Ltd.
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


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

  • Production of Hydroxymethyl Furfural from Glucose

The glucose present in the undergoes acid-catalyzed poly-dehydration in the presence of sulfuric acid to produce HMF. The HMF yields using the classical route used to be relatively low as the HMF produced reacted with the unreacted acid to form levulinic acid. However, new techniques using ionic liquids and continuous liquid-liquid extraction help to remove the HMF before it reacts further, thereby increasing the reaction yields.

Methodology

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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  • Price Across Multiple Locations
  • Market Insights
  • Download Data in Excel Format
  • Short Term Price Forecasts
  • Prices of More than 400 Commodities and Utilities

Get in Touch With Us

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Phone: +91 1203185500

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UNITED KINGDOM

Phone: +44 7537 132103

Email: sales@procurementresource.com

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