In August 2024, the Tetra Potassium Pyrophosphate prices saw a 1.6% increase in the USA, driven by strong demand from buyers while supply levels were moderate. The demand for Tetra Potassium Pyrophosphate was firm from the pharma sector. The funding in the pharma and healthcare sector surged by 382% to USD 135 million in August, up from USD 28 million in July 2024. It also represents a 20% increase compared to the USD 112 million raised in August 2023. Most of this funding, 62.2%, was attributed to late-stage investments, while early-stage and seed-stage rounds contributed 31.5% and 6.3%, respectively. Notable funding rounds in August 2024 were reported by Jade Bioscience, Even, and Pharmazz. Furthermore, the US Healthcare sector emerged as the top performer for August 2024, with business activity growing at its fastest rate since December 2023. Financials and Industrials also experienced solid output expansion, with Industrials accelerating to their highest pace in 27 months, driven by reports of increased demand for professional services.

Simultaneously, the Tetra Potassium Pyrophosphate exports were firm from the Asian exporters, and the Far East Exports saw the highest growth among all indices in August 2024, though the rate of increase slightly slowed from July. This sub-index stands out as the only one to have risen year-over-year, driven by a surge in exports from Japan and South Korea to the US. At the same time, long-term shipping rates from Japan and South Korea to the US West Coast have surged significantly. Simultaneously, Tetra Potassium Pyrophosphate imports rose, and long-term shipment rates into North America saw a notable rise, representing the most significant growth on this route since mid-2022. The relevant index has climbed following consistent increases. However, despite this recent upward trend, the current level remains lower than at the start of the year when it was considerably higher. This earlier peak underscores a notable difference from the August figures.

According to the ChemAnalyst data sources, the Tetra Potassium Pyrophosphate (TKPP) CFR Los Angeles quotations in the USA witnessed USD 1725/MT at the end of August 2024. 

Anticipation is that the Tetra Potassium Pyrophosphate prices might increase in the North American region towards the end of the third quarter of 2024. The demand for Tetra Potassium Pyrophosphate would likely remain firm from the Pharma sector and fertilizer industries. Meanwhile, exports of Tetra Potassium Pyrophosphate from Asian suppliers could remain low due to disruptions in shipping activities caused by climate change effects and increased rains, such as La Niña. Furthermore, the production costs of Tetra Potassium Pyrophosphate could increase in the producing country due to the rising energy and variable prices. As a result, regional market players are expected to increase their Tetra Potassium Pyrophosphate prices due to the limited availability of supplies.