Glutamic Acid Prices Trend and Forecast
North America Glutamic Acid prices trend showed steady growth in the first quarter of 2023. Due to merchant supply to meet demand and continued purchases from the pharmaceutical end-user sector, prices increased at the beginning of Q1 2023 and remained up until the end of February. The market position also benefited from an increase in trade flow and simpler logistic costs compared to the previous quarter. On the other hand, prices stabilize from the start of February to the end of March as a result of adequate stocks, offtakes from the low-end consumer sector, and a decline in freight costs. Asia In the first quarter of 2023, Glutamic Acid prices in the APAC area showed signs of improvement. As domestic and foreign markets demanded that their stocks be refilled with fresh stock at the beginning of Q1 2023, prices increased significantly. The market situation remained stable thanks to increasing production activity as well. The Chinese pharmaceutical markets technically made a str...