For the Quarter Ending September 2024
North America
In Q3 2024, the North American Dextrose market experienced a significant uptrend in prices, driven by a complex interplay of factors that fostered a generally positive pricing environment. Increased demand across multiple sectors, particularly from food and beverage manufacturers and the pharmaceutical industry, played a pivotal role in boosting market dynamics. Additionally, supply chain disruptions stemming from logistical challenges and heightened freight costs added pressure on pricing.
The quarter was marked by vigorous trading activity as buyers sought to secure Dextrose amidst tightening supplies and rising production costs. Plant shutdowns due to maintenance or unforeseen circumstances further compounded supply constraints, intensifying price pressures. Notably, the USA witnessed the most pronounced price fluctuations, reflecting a consistent upward trajectory throughout the quarter.
Seasonal trends, combined with correlations in price changes, underscored a strengthening market sentiment. The recorded 4% increase from the previous quarter emphasized the market's resilience, while a comparison between the first and second halves of the quarter showed a 2% uptick, indicative of sustained demand. By the end of the quarter, the price of USD 689/MT for Dextrose Monohydrate CFR New York highlighted the culmination of this positive pricing trend.
Asia Pacific
In Q3 2024, the Asia-Pacific (APAC) region experienced stable prices for Dextrose, with China witnessing the most notable price fluctuations. Key factors influencing these market dynamics included improved industrial profitability, strong foreign demand, and increased market inquiries, which collectively indicated a healthy appetite for Dextrose. Additionally, robust customer interest and seasonal maintenance shutdowns contributed to the overall market activity.
Geopolitical tensions and a scarcity of shipping options further exacerbated price increases, underscoring the complexities of the global supply chain. The raw material Corn market in China remained resilient, driven by strong regional demand, which had a direct impact on Dextrose pricing. When compared to the same quarter last year, prices showed stability, with a modest increase of 1% from the previous quarter in 2024.
By the end of the quarter, the price of Dextrose Monohydrate FOB Shanghai was reported at USD 549/MT. Despite the ongoing fluctuations, the overall sentiment within the region remained stable, reflecting a positive pricing environment. However, notable disruptions, such as the plant shutdown at Shanghai Hao Cheng Food Development Co., Ltd. due to a typhoon, added layers of complexity to the pricing dynamics during the quarter.
Europe
The third quarter of 2024 has witnessed a significant uptrend in Dextrose prices across the European region, with Germany experiencing the most pronounced fluctuations. This surge in prices can be attributed to several interrelated factors. First, there has been heightened global demand for Dextrose, spurred by its diverse applications in the food, pharmaceutical, and beverage industries. Additionally, ongoing supply chain disruptions, including transportation bottlenecks and logistical challenges, have hindered the timely delivery of raw materials, further tightening supply.
Increased production costs have also played a pivotal role in driving prices upward. Factors such as higher energy costs, labor shortages, and inflationary pressures have compounded the challenges faced by producers. Market dynamics, influenced by strong consumer sentiment and robust end-user demand, have fostered a resilient pricing environment. Seasonal trends have exacerbated these price increases, revealing a direct correlation between supply constraints and market prices.
When comparing the third quarter of 2024 to the same period last year, prices have shown a substantial increase. Notably, a 4% rise from the previous quarter underscores a steady upward momentum, culminating in a Dextrose Monohydrate CFR Hamburg price of USD 679/MT, reflecting the current market dynamics.
For the Quarter Ending June 2024
North America
In Q2 2024, the North American dextrose market saw a significant decline in prices due to several key factors. Early in the quarter, the market was oversupplied with inventories and faced subdued demand. This was compounded by lower production costs in major manufacturing centers, which intensified competition and triggered a price war. Buyers’ reluctance to commit to new purchases, driven by expectations of further price drops, exacerbated the supply-demand imbalance. Additionally, companies liquidating excess inventories to reduce storage costs and avoid spoilage flooded the market, further pressuring prices.
In the USA, where the most pronounced price fluctuations occurred, the overall trend was distinctly negative. Seasonal factors had little impact, with the decrease in prices primarily reflecting broader market conditions rather than seasonal variations. The price trends were heavily influenced by global supply chain dynamics and increasing competition among exporters. The average percentage change for the quarter was recorded at -1.36%, indicating a steady downward movement in prices.
The quarter ended with dextrose monohydrate prices at USD 654/MT CFR New York, highlighting a challenging pricing environment. Disruptions such as temporary plant closures further contributed to the unstable pricing landscape. This environment underscores the importance of strategic inventory and risk management to navigate the volatility of the market.
Asia Pacific
In Q2 2024, the Dextrose market in the APAC region experienced largely stable imported prices due to a range of influencing factors. Throughout the quarter, prices initially declined but then regained momentum as the period progressed. The stability was primarily attributed to well-managed inventories by suppliers and steady procurement activities from downstream industries. The easing of geopolitical tensions further facilitated smoother trade flows, ensuring an uninterrupted supply chain. However, rising freight costs and increased raw material prices, such as corn starch, placed upward pressure on production costs. Despite these pressures, subdued demand prevented significant price fluctuations.
In South Korea, which saw the most notable price variations, the overall market trend remained relatively stable. The market demonstrated resilience despite challenges such as the closure of the Red Sea shipping route and planned maintenance shutdowns at key plants, including Daesang Corporation. Seasonal effects had minimal impact on prices, which aligned more closely with global market stabilizers rather than seasonal demand shifts.
The quarter ended with Dextrose Monohydrate CFR Busan priced at USD 576/MT, reflecting an average quarterly decline of 1.11%. This stable pricing underscores a balanced market sentiment driven by stable market forces. Overall, Q2 2024 saw a stable pricing environment for Dextrose, supported by consistent market conditions and a balanced outlook.
Europe
In Q2 2024, the European dextrose market witnessed a significant decline in prices, driven by a combination of supply and demand dynamics. Improved production efficiencies in key manufacturing regions resulted in reduced production costs, allowing producers to lower their prices competitively. Earlier in the year, elevated export prices led buyers to postpone purchases in anticipation of better rates, which became evident this quarter.
Furthermore, substantial stockpiling by merchants, expecting increased regional demand, created an oversupply situation that further pressured prices downward. Disruptions such as plant shutdowns in critical production areas intensified the supply glut, as companies sought to liquidate inventories to mitigate storage costs and prevent product deterioration. In Germany, the most pronounced price fluctuations within the European market were observed. The German dextrose market experienced a steady decline, driven by the interplay between surplus inventories and weakened consumer demand amid inflationary pressures.
Prices fell by an average of 1.39% on a quarterly basis. Despite some indications of stabilization in select sectors, the overall market sentiment remained negative, reflecting ongoing bearish trends. By the end of the quarter, the price for Dextrose Monohydrate CFR Hamburg in Germany was USD 642/MT, highlighting the continued downward pressure on prices throughout the period.
For the Quarter Ending March 2024
North America
In the first quarter of 2024, the Dextrose market in North America experienced notable price fluctuations due to various factors, resulting in a volatile pricing situation. By the end of the quarter, Dextrose was priced at USD 682 per metric ton CFR New York, indicating an average quarterly increase of 1.02%.
During Q1 2024, the pricing landscape for Dextrose in North America was influenced by a range of factors. Overall, Dextrose prices trended downwards, experiencing a 2.05% decrease compared to the previous quarter. This decline can be attributed to several significant factors. One major driver was the considerable drop in prices observed in key exporting countries, particularly China, which had a ripple effect on global prices, including in the United States, a major importer of Dextrose. Chinese suppliers offered Dextrose at reduced rates, prompting US market players to adjust their pricing strategies to stay competitive.
Another contributing factor to the price decrease was the temporary halt of exports from Chinese provinces in the first half of February. This led to an oversupply situation, as US entities took advantage of the opportunity to place bulk orders at favorable rates. Additionally, the strength of the US dollar against other global currencies facilitated importing at lower costs. The market experienced a significant price downturn, driven by global dynamics and the proactive pricing approaches of market participants.
Asia Pacific
In the first quarter of 2024, the Dextrose market in the Asia-Pacific region, notably in China, witnessed significant price fluctuations but maintained an overall positive trajectory. By the quarter's close, Dextrose prices in China had reached USD 560/MT FOB Shanghai, marking an average quarterly increase of 0.17%.
Several factors drove this favorable pricing trend. Heightened demand from downstream industries, coupled with escalating costs of raw materials such as maleic anhydride, fueled the price surge. Limited supply and logistical hurdles further bolstered prices. Additionally, international demand surged post the Lunar New Year holiday, sparking a revival in the market. Despite temporary slowdowns during the festive period, both regional and global interest in fumaric acid rebounded strongly. China's robust export market supported prices, although challenges like transportation delays and heightened shipping costs due to increased demand persisted. Overall, the market witnessed price hikes due to scarcity, with demand outpacing supply, underscoring the need for market equilibrium. Furthermore, external factors such as trade disruptions in the Red Sea exacerbated the situation, leading to escalated freight costs and dwindling foreign orders.
However, Dextrose prices in China experienced a consistent decline in the middle of the first quarter due to diminished demand and surplus stock resulting from year-end destocking. Normalized freight charges, previously inflated due to geopolitical tensions, also alleviated, contributing to the price downturn.
Europe
In the initial quarter of 2024, the Dextrose market in Europe, particularly in CFR Hamburg, Germany, underwent price fluctuations influenced by various factors. Despite a slight quarterly decrease, ending at USD 670/MT, the market displayed an upward trend with an average quarterly incline of 0.89%, driven by heightened demand from downstream industries.
The first quarter of 2024 presented a mixed period for Dextrose pricing in Europe. Several factors affected market prices during this time. Overall, there was a stable to positive sentiment in the market, with prices experiencing minor fluctuations. One significant factor affecting Dextrose prices was the global increase in freight costs, which had a ripple effect on the market, especially in Germany, a major importer of Dextrose. The rise in shipping costs led to higher prices for Dextrose in the region.
Additionally, the prices of raw materials like corn starch played a role in shaping market dynamics. As the prices of these raw materials increased, suppliers faced higher production costs, resulting in higher Dextrose prices. Moreover, seasonality influenced market prices, with a decline in demand in the first quarter due to holidays and celebrations in exporting nations. This resulted in a decrease in new inquiries and a slowdown in purchasing activity, leading to a relatively stable pricing environment. Specifically in Germany, which witnessed the most significant price changes, the overall trend was a decline compared to the previous quarter, although there was a slight increase compared to the same quarter last year.
For the Quarter Ending December 2023
North America:
In the final quarter of 2023, the Dextrose market in North America encountered a series of challenges and fluctuations. A key factor influencing the market was the surplus of Dextrose, leading to a decline in prices. The latest price for Dextrose Monohydrate CFR New York in the USA for the current quarter stands at USD 662/MT, reflecting an average quarterly decline of 2.08%.
This oversupply stemmed from diminished demand both domestically and internationally. Additionally, suppliers experienced an accumulation of inventory, further affecting pricing. The United States observed a significant decrease in Dextrose prices due to these factors. The price drop was also influenced by reduced demand and a decline in corn prices, the primary raw material for Dextrose production in the USA.
Moreover, global economic conditions, marked by inflation concerns and the potential for a recession, prompted cautious investor behavior and a dip in stock prices. Consequently, the Dextrose market grappled with reduced demand and a situation of moderate to high supply. The projected pricing trend for Dextrose in the USA indicated a continued decrease until the quarter's conclusion.
Asia Pacific:
In the APAC region, the pricing of Dextrose in the fourth quarter of 2023 was influenced by several factors. Throughout the quarter, Dextrose prices witnessed a decline primarily due to decreased demand from downstream sectors. Domestic demand for Dextrose remained subdued as consumers exercised caution in their spending, prompted by persistently high interest rates, leading to a subsequent drop in prices. Recent data also reveals a reduction in inflation in South Korea, driven by declining energy prices affecting transportation and overall operational costs, adding further downward pressure on Dextrose prices.
Additionally, weakened demand in other exporting regions resulted in an increased supply of Dextrose for export to South Korea, contributing to the overall downward price trend. Faced with oversupply and anticipating lower demand, market retailers and distributors responded by offering reduced quotations to clear excess inventory, especially towards the end of the year, maintaining an overall unfavorable market sentiment. In South Korea, the price of Dextrose Monohydrate CFR Busan was recorded at USD 612/MT at the close of the quarter with ana average quarterly decline of 2.09%.
Europe -
In the final quarter of 2023, the European Dextrose market encountered several factors that influenced pricing. Initially, a decline in consumer spending, driven by a weakened economy and high inflation, had a substantial impact. This reduction in purchasing power affected the demand for Dextrose across various industries. Furthermore, the market experienced fluctuations in supply and demand due to the availability of Dextrose in major exporting countries.
In Germany, which constitutes the largest market in Europe, Dextrose prices mirrored the trends observed in these major exporting nations. The country witnessed a significant price decrease, attributed to surplus inventory among suppliers and reduced demand from downstream markets. The imbalance between supply and demand contributed to a noteworthy drop in Dextrose prices. Additionally, the German economy underwent a mild recession, marked by a contraction in the manufacturing sector and a decline in consumer spending.
In the fourth quarter of 2023, the price of Dextrose in Germany amounted to USD 654/MT of Dextrose Monohydrate CFR Hamburg, with an average quarterly decline of 1.47%. Overall, the Dextrose market in Europe grappled with challenges in supply and demand dynamics, leading to pronounced price fluctuations in Germany.
For the Quarter Ending September 2023
North America
From July to September, Dextrose prices in CFR New York increased from $695 per metric ton to $705 per metric ton, marking a positive conclusion to the third quarter of 2023. This upward price movement indicated a clear preference for higher price levels and reflected an average quarterly rise of 0.73%. Over the quarter, the domestic nutraceutical market for Dextrose exhibited an upward trend, driven primarily by consistent demand from various end-user sectors. Notably, limited to moderate inventory levels prompted sellers to gradually raise their prices each month, playing a crucial role in supporting the optimistic price trend for Dextrose in the United States. Additionally, the cost of importing increased in the latter part of the quarter due to fluctuations in the exchange rate between the US dollar and the Yuan. While inflation showed a slight slowdown in the third quarter of 2023 due to significant changes in the US economy, market participants remained cautious due to the Federal Reserve's decision to increase interest rates. Beginning in the first week of July, there was a noticeable surge in warehousing costs, warehouse utilization, and inventory expenses in the United States. As a result, commodities like Dextrose experienced price hikes due to the rising costs associated with inventory management and storage. In summary, it is likely that importing countries followed a similar trajectory to exporting countries during this period.
Asia Pacific
In the third quarter of 2023, there was a noticeable rise in the price of Dextrose. Prices went up from $580 per metric ton in July to $594 per metric ton on an FOB Shanghai basis by September, indicating a trend towards higher prices with an average quarterly increase of 2.00%. China, the world's second-largest economy, experienced slower growth than expected in the first half of 2023, which persisted into the latter part of the year, casting a negative shadow over the beginning of the third quarter. This was mainly due to worsening deflation, elevated youth unemployment, and weak foreign demand. Several factors contributed to the increase in Dextrose prices in China during this quarter, but the most significant ones were the strengthening of the Chinese Yuan (RMB) compared to the US dollar and increased local demand from end-user businesses. The rising value of the Yuan and the weakening US dollar resulted in higher export costs, affecting both domestic and international markets. The increased demand and disruptions in the supply chain created an imbalance, exerting upward pressure on prices. As September neared its end, just before the Golden Week holidays, there was a slight uptick in both shipping and manufacturing costs due to a surge in demand and inquiries. Another factor contributing to the price hike was strategic bulk purchases by market participants looking to replenish their inventories. The increased demand led many buyers to expedite their Dextrose procurement, intensifying overall demand during the holiday season.
Europe
In the third quarter of 2023, Dextrose prices displayed a consistent pattern, with a slight increase from $670 per metric ton in July to $684 per metric ton CFR Hamburg in September. This trend indicated a notable price hike, resulting in an average quarterly growth of 1.21%. In July, as the economy stabilized and showed signs of improvement, German Dextrose suppliers started placing significant orders to restock their inventories and meet the growing demand within the country. However, as the third quarter began, industry experts observed that the German manufacturing sector still faced challenges. In response to increased inquiries from local companies, importing Dextrose from Asia, especially China, remained an appealing option throughout the quarter. The depreciation of the Euro played a significant role in the price increases in Germany, as the strong US dollar compelled domestic businesses to pay higher prices for imported goods from China. On the economic front, persistent high inflation and the challenging manufacturing environment in Germany continued to impede growth, causing market investors to maintain a cautious stance.
For the Quarter Ending June 2023
North America
In the second quarter of 2023, the US Dextrose market experienced volatility. The first months of the second quarter saw steady price gains due to hampered supply and demand dynamics. Due to increased demand from end-user suppliers, there is a moderate shortage of Dextrose on domestic warehouse shelves, leading to price hikes in the market. In early May, the price of Dextrose was weak and consolidating, with most downstream markets experiencing average demand recently. Dextrose is a sugar alcohol that is produced from corn syrup. In recent years, there has been an increase in the production of corn syrup, which has led to an increase in the supply of Dextrose. The ongoing economic instability in the US and the rising global inflation rate have also contributed to the decline in demand for Dextrose. However, distributors are hesitant to place large orders due to the falling prices. The price of feedstock has also declined due to a surplus supply and increased production. Distributors and suppliers were not restocking their inventories as they were still trying to clear the surplus.
APAC
The Dextrose market in the second quarter of 2023 in the Asia Pacific region showcased an overall dwindling trajectory. The prices were recorded at the end of Q2 with an average quarterly declination of 3.00%. From the commencement of Q2 till the mid of Q2, the Dextrose market showed stable price inflation due to consistent domestic and international orders. The increased production rates to refill the inventories with fresh stock and cater to the upcoming demand market situation remained strong. Later with the termination of mid-Q2, the prices fluctuated, and the prices witnessed to deflate significantly. Due to the limited demand that has been successfully balanced with supplies among domestic Merchants as April draws to a close, the price of Dextrose declined steadily. The production momentum was also brought on by a decrease in domestic and international inquiries as well as a decrease in trade activity, which added to the unfavorable market sentiments. The Chinese government has taken steps to cool the economy, such as raising interest rates and reducing the amount of money in circulation. This has also put downward pressure on prices. The prices of raw materials used to make Dextrose, such as Corn, also fell during June, backed by increased production in the United States and Argentina and concerns about a global economic slowdown. This also contributed to the price drop.
Europe
The second quarter of 2023 saw a depreciation in the European market for Dextrose. As the second quarter began, prices rose marginally to the gap between the supply and demand side of the market. The prices were recorded at the end of Q2 with an average quarterly declination of 3.22%. The price hike was exacerbated by a national surge in domestic inquiries. However, dealer inventories were sufficient to cover gross demand for the month. Later the prices dropped significantly due to several factors, including increased production output, high demand, and others. Second, imports of Dextrose from other countries increased. Third, the German government relaxed some of the regulations on the import of generic drugs, which led to an increase in the availability of generic versions of Dextrose. The price trend of Dextrose is significantly impacted by weak purchasing momentum and overflowing stocks. The buyers were delaying placing large orders as the monsoon season was arriving, and therefore restocking was halted as the risk of damage increased. Suppliers were providing Dextrose at a lower price, but buyers are still in the wait-and-watch situation for further price drops from manufacturing units. Although import offers increased this week, they remain substantially below domestic prices.
For the Quarter Ending March 2023
North America
In the first quarter of 2023, the Dextrose prices in the North American region experienced fluctuations with a hiked-up trajectory. During the start of Q1, prices returned to being on the lower side due to merchants having enough inventory to meet the steady demand. Also, an easing of trade activity and ease in inflation impacted the general market trend. When the domestic retailers received high import prices from China in February, prices later increased at the start of the second month. Also, after the New Year's festivities were done, market participants placed newer orders and increased the prices they charged for leftover supplies in the domestic market. However, an increase in orders from end-user industries maintained a high level of demand and resulted in continuous stock utilization. At the termination of Q1 2023, the settlement price for Dextrose rose to USD 755/MT CFR in New York with an average quarterly inclination of 1.12%
Asia
The Dextrose market in the first quarter of 2023 in the Asia Pacific region showcased an upward trajectory. On account of a sudden rise in inquiries from the international and domestic markets, manufacturers increased their production capacity amid the arrival of CNY (Chinese New Year) to prevent the shortage or delay in consignments. They recovered consumption and broader activity at a faster rate than initially after the end of the "zero-COVID" regime supported the improved Chinese economy. Following Covid-19, the domestic market reopened and contributed to the normalization of the shattered supply networks and downstream sector demand, mainly from the pharmaceutical sector. At the termination of Q1 2023, the price for Dextrose was recorded at USD 610/MT FOB Shanghai with an average inclination of 2.23%.
Europe
In the European region, the Dextrose market fluctuated in the first quarter of 2023. With the commencement of Q1, the prices remained on the lower side in the wake of enough inventories among the merchants to cater to the static demand. Also, ease in trade activity, along with a slowdown in inflation, did influence the overall market trend. Later, at the onset of the second month, the prices rose when German retailers got high import prices from China in February. Nevertheless, orders from end-user industries surged, keeping demand strong and causing continual stock consumption. Also, the government recently established a rule requiring suppliers to keep six weeks' worth of inventory to minimize shortages leaving the market players ordering bulk inventories and eventually influencing the prices. At the termination of Q1 2023, the settlement price for Dextrose rose to USD 725/MT CFR Hamburg with an average quarterly inclination of 0.94%.
For the Quarter Ending December 2022
North America
The North American Dextrose market fluctuated in the fourth quarter of 2022. Due to high manufacturing costs, numerous logistical challenges, and growing inflation, prices started to rise in Q4 2022 and continued to rise throughout the first month of the fourth quarter. In October 2022, US inflation reached an all-time high of 8.2%. Rising transportation expenses and port congestion at the main ports also played a role in the pricing variation. The US inflation rate was 7% in December, down from 8.2% in October, but prices start to fall later in the month as the holiday season draws near and end-user sector demand decreases. The settlement price for Dextrose dropped to USD 740/MT CFR New York in December.
Asia
The Dextrose market in the fourth quarter of 2022 in Asia Pacific was very volatile. Price increases were observed up until the first month of the quarter as a result of increased end-user sector demand, various logistical difficulties, and rising inflation. Both the 2.8% increase in China's consumer price index and the 0.9% increase in the Producer Price Index (PPI) had an effect on the market. Investor confidence and the country's economic operations have both been significantly impacted by China's "Zero-Covid" policy to date. Due to growing production costs driven by rising energy prices as well as increased domestic production to meet demand from both domestic and international markets, the market remained competitive. Later in November, as domestic merchants had sufficient stock on hand, Dextrose prices did begin to decline. The market to keep declining was also influenced by the policies being relaxed and the weak downstream demand. In December, the settlement price for Dextrose fell to USD 585/MT FOB Shanghai.
Europe
Prices for Dextrose in the fourth quarter of 2022 showed that there was unrest throughout Europe. Prices rose in the first quarter of Q4 2022 as a result of supply interruption and continuous port congestion in the European region. In addition, the annual inflation rate in Europe rose to 10.6% in October 2022 from 9.9% in September. European shops make the decision to significantly refill their stocks in anticipation of the next Christmas season. However, prices fell sharply in November and December as a result of lower inflation (the euro area's annual inflation rate was 10.1% in November and 10.6% in October), relief from port congestion, a slight increase in merchants' existing inventories, and a significant drop in freight costs that kept the market stable. At the conclusion of Q4 2022, the price of Dextrose was USD 710/MT CFR Hamburg.
For the Quarter Ending September 2022
North America
With the commencement of the third quarter Q3 of 2022, the Dextrose market was steady in the North American region owing to stable demand dynamics and good supply fundamentals. The feedstock glucose prices witnessed to hover at the lower end towards the termination of Q3 2022, followed by the dextrose price trajectory in the US market. The lowering of inquiries from the pharmaceutical and other industries has been constant throughout Q3 2022. Furthermore, the reduced quotations from the exporting countries also affected the prices of Dextrose in the market. With enough inventories and existing stock, the Dextrose prices were recorded to be steady, with values accessed at USD 780/MT with an average quarterly declination of 1.77%.
Asia
During the third quarter of 2022, the Dextrose market has been termed truncated in the Asia Pacific region. The end-user demand from the pharmaceutical industry, beverages industry, research, development activities, etc., was supple. The value of its raw material, glucose, also showcased consistent sentiments. Marginal fluctuation in the dextrose prices was experienced owing to steady demand from downstream industries at the commencement of Q3 2022. Also, halted production in the Chinese provinces propelled the domestic merchants to lower their quotations to encourage the market. Towards the end of Q3 2022, the prices were recorded to be USD 625/ton FOB Shanghai with an average quarterly declination of 0.78% owing to low to no demand, existing inventories, and reduced raw material prices.
Europe
Dextrose market dynamics showcased a stable trajectory with stagnant market demand from the European region's downstream pharmaceutical and beverage industry. Furthermore, firm feedstock glucose prices also affected the market sentiments. Consistent manufacturing costs and steady demand kept the dextrose prices stable in the German market. Both domestic and overseas markets experienced flexible market sentiments. The surplus availability also prompted domestic merchants to maintain the market's demand and supply equilibrium. Towards the end of Q3 2022, the dextrose prices were recorded to be USD 760/MT with an average quarterly declination of 1.06%.
For the Quarter Ending June 2022
North America
During the second quarter of 2022, the Dextrose market has recorded to be steady in the North American region owing to stable demand fundamentals and good supply. The downstream demand from pharmaceutical and other industries has been constant throughout Q2 2022. Dextrose is used as an excipient in treatments by providing extra water and carbohydrate to the body. The feed glucose's borderline fluctuation on the lower side was experienced towards the termination of Q2 2022, followed by the dextrose price trajectory. The dextrose market sentiments were at ease with low raw material prices and the stable manufacturing cost. With enough inventories and existing stock, the Dextrose prices were recorded to be steady, with values accessed at USD 823/MT with average quarterly declination of -0.85%.
Asia
During the second quarter of 2022, the Dextrose market has been termed firm in the Asia Pacific region. Demand from the downstream pharmaceutical industry, beverages industry, research, development activities, etc., was flexible. Dextrose is used as an excipient, and its raw material is glucose. Marginal fluctuation in the dextrose prices was experienced owing to a slight decrease in the prices of raw material glucose at the termination of Q2 2022. Both dextrose regional and overseas markets were at ease. Towards the end of Q2 2022, the prices were recorded to be USD 640/ton FOB Shanghai with the quarterly inclination of 0.08% owing to steady demand, low manufacturing cost, and decreasing raw material prices.
Europe
In the European region, Dextrose market dynamics showcased a stable price trajectory with stagnant market demand from the downstream pharmaceutical industry, beverage industry, etc. Over and above, decreasing raw material glucose prices, steady demand, and regular manufacturing costs kept the dextrose market prices stable. Both regional and overseas markets experienced flexible market sentiments. As an excipient, the availability was in surplus, which prompted maintaining the equilibrium between the market's demand and supply. Towards the end of Q1 2022, the dextrose prices were recorded to be USD 785/MT with average quarterly declination of 1.60%.
