Valine Price Trend: In the second quarter of 2023 | ChemAnalyst

For the Quarter Ending June 2023

North America:

In the second quarter of 2023, L-Valine prices in North America mirrored the market trends seen in the Asia-Pacific (APAC) region. Specifically, feed-grade L-Valine prices exhibited a downward trajectory, largely influenced by a consistent decrease in downstream demand. Moreover, domestic retailers in the region maintained substantial inventory levels, ensuring a sufficient supply to meet overall demand. Notably, the cost of energy, a pivotal factor in production, witnessed a decline in recent months due to the global economic slowdown and falling oil prices. This contributed to the overall decrease in L-Valine prices during Q2 2023. In contrast, prices for food-grade Valine initially showed a slight uptick in the first half of the quarter, driven by improved demand from the downstream food industry in April. However, as Q2 progressed, prices experienced a significant decline due to weak domestic demand, a trend that persisted until late June. Market participants also focused on reducing their large inventories, responding to seasonal variations in powdered form availability, ultimately keeping the market on the weaker side.

Asia Pacific:

In the Asia-Pacific region during the second quarter of 2023, L-Valine prices took divergent paths for feed and food grades. Feed-grade prices consistently declined, while food-grade prices experienced a significant drop in April but showed some improvement in the subsequent months. The downward trend in Valine prices in the Chinese market was attributed to weaker inquiries from both domestic and overseas markets and increased stockpiles. The trade conflict between China and the United States exacerbated the situation, making it more challenging for Chinese companies to export Valine due to tariffs imposed by both countries, leading to reduced consumer demand. Conversely, food-grade Valine prices in the region displayed a weaker market trend overall, with a brief rise in the first half of Q2, driven by increased domestic demand in April. However, prices steadily declined throughout May and June as global inquiries dropped, causing manufacturers to sell their products at production cost due to low demand. Plant maintenance shutdowns also prompted manufacturers to lower domestic prices to destock inventories.

Get Real Time Prices of Valine: https://www.chemanalyst.com/Pricing-data/valine-1511

Europe:

Throughout the second quarter of 2023, L-Valine prices in the German market followed distinct trajectories for feed and food grades. Feed-grade prices continued to decrease, primarily due to diminishing domestic demand and reduced import activities. Market participants found themselves with higher inventories during this period, leading traders to cut back on orders and actively seek destocking solutions. On the other hand, food-grade Valine prices in Germany exhibited a weaker market trend, with a brief improvement in the first half of Q2. Initially, the prices followed the prior month's trend, resulting in increased demand and import momentum. Traders responded by bolstering their inventories with new orders. However, as May approached, food-grade Valine prices dropped significantly due to weaker demand from the food sector, leading to a surge in inventories among merchants. This trend persisted until the final weeks of June, when food-grade Valine prices plummeted by over 13 percent. Furthermore, the decline in the Purchasing Managers' Index (PMI) in Germany, dropping from 43.2 in May to 41 in June 2023, indicated a contraction in the manufacturing sector, further supporting the downward pricing trajectory. Decreased orders also reflected the decline in end consumer demand.

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