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 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.