Succinic Acid Prices Archivi - ChemAnalyst Data

Succinic Acid Prices also known as butanedioic acid, is a dicarboxylic acid with the molecular formula C4H6O4. It is a pivotal chemical compound in various industrial applications and occurs naturally in many organisms, including humans, where it plays crucial roles in metabolic pathways. This versatile acid is produced both through natural processes within the body and synthetically for commercial purposes.

In industrial settings, succinic acid finds extensive use as a precursor in the manufacture of various products. One of its primary applications is in the production of biodegradable plastics, where it serves as a key component in the formation of polybutylene succinate (PBS). PBS is gaining popularity as an environmentally friendly alternative to traditional plastics due to its biodegradability and renewable sourcing options.

Moreover, succinic acid is integral to the production of pharmaceuticals. It serves as a platform chemical for the synthesis of active pharmaceutical ingredients (APIs) and drug delivery systems. The acid’s ability to undergo various chemical transformations makes it a valuable building block in pharmaceutical research and development, contributing to advancements in medicine and healthcare.

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Beyond plastics and pharmaceuticals, succinic acid plays a crucial role in the food and beverage industry. It serves as an acidity regulator and flavoring agent in food products. The acid’s natural occurrence in certain foods, such as fruits and fermented beverages, underscores its safety and efficacy as a food additive approved by regulatory bodies worldwide.

In addition to its industrial applications, succinic acid holds promise as a renewable resource. It can be derived from biomass feedstocks through fermentation processes involving bacteria, yeast, or even genetically modified microorganisms. This bio-based production route offers a sustainable alternative to petroleum-based methods, aligning with global efforts towards environmental sustainability and reducing carbon footprints.

The environmental benefits of succinic acid extend beyond its renewable sourcing. Its biodegradability and non-toxic nature make it an attractive option for eco-conscious industries seeking greener alternatives to conventional chemicals. As regulatory frameworks tighten around environmental standards, succinic acid’s role in sustainable practices continues to grow, driving innovation and adoption across various sectors.

Furthermore, succinic acid exhibits potential beyond its current applications. Ongoing research explores its use in energy storage systems, such as rechargeable batteries and capacitors, leveraging its chemical properties to enhance performance and efficiency. These advancements could revolutionize renewable energy technologies, providing cleaner and more sustainable solutions to global energy demands.

On a biochemical level, succinic acid plays a fundamental role in cellular metabolism. It is a key intermediate in the tricarboxylic acid cycle (TCA cycle), also known as the citric acid cycle, which is central to energy production in aerobic organisms. Through its involvement in metabolic pathways, succinic acid contributes to the synthesis of adenosine triphosphate (ATP), the primary energy currency of cells, highlighting its significance in biological processes.

In human physiology, succinic acid appears naturally in small quantities, primarily as a metabolic byproduct. It is excreted in urine and plays a role in maintaining acid-base balance within the body. While excessive levels of succinic acid can indicate metabolic disorders, its normal presence underscores its physiological relevance and essential role in cellular function.

In conclusion, succinic acid stands as a multifaceted compound with wide-ranging industrial applications, environmental benefits, and biological significance. From its pivotal role in biodegradable plastics and pharmaceuticals to its potential in renewable energy and cellular metabolism, succinic acid continues to shape diverse fields of science and industry. As research progresses and technology advances, its versatility and sustainability will likely foster further innovations, driving forward a greener and more efficient future for global chemistry and beyond.

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Succinic Acid Prices: During the Quarter Ending December 2023

North America:

Succinic Acid prices in North America exhibited oscillations during Q4 2023, declining by nearly 11% compared to the previous quarter. This decrease stemmed from reduced demand and procurement activities across end-user industries, prompting exporters to adjust their quotations accordingly.

At the quarter’s onset, Benzene prices, a key feedstock, experienced a decline mid-month, attributed to a drop in Crude Oil prices by OPEC+ amidst stabilization speculations concerning supply chain disruptions in the Middle East amid conflict between Israel and Palestinian Islamist groups. Moderate supplies of Succinic Acid were noted from China, a primary exporter. However, demand remained subdued in the mid-quarter, with a decline in consumption rates in the food sector and diminished orders from the textile industry due to reduced demand for Polyester fiber with the onset of winter. Orders from the Pharma sector remained stable.

Towards the quarter’s end, an uptick in freight charges through the Panama Canal elevated import prices. Additionally, low water levels in the Panama Canal and Mississippi River caused supply chain disruptions, impacting regional supplies. Ultimately, by the end of Q4 2023, import quotations for Succinic Acid CFR Texas in the USA hovered around USD 1,750/MT.

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Asia:

The Succinic Acid market in China witnessed fluctuations during the final quarter of 2023, with prices declining by 14% compared to the previous quarter. Dampened demand from buyers and shifts in production rates and supply availability influenced the market.

Initially, the market experienced a bearish trend as textile sector orders decreased with winter’s arrival, alongside a drop in Polyester fiber demand. Simultaneously, Benzene prices fell due to declining Crude Oil prices amid weakened US and European economies, reducing production costs. Mid-quarter, trading activities declined due to reduced regional buyer orders, although Succinic Acid inventory levels remained adequate. However, a fire incident at Qilu Petrochemical in Shandong Province on December 23rd stressed feedstock n-butanol supplies, affecting production rates in key Succinic Acid producer China.

Toward the quarter’s end, the market saw improvement from the regional clothing fiber industries due to increased consumption and heightened sales in the regional retail sector. Succinic Acid FOB Qingdao quotations in China ended the quarter at USD 1,590/MT, while in South Korea, Succinic Acid CFR Busan hovered at USD 1,620/MT.

Europe:

Similar to North America, the European Succinic Acid market witnessed price fluctuations during Q4 2023, with prices declining by nearly 9% compared to the previous quarter. This decline resulted from reduced demand and procurement activities across end-user industries, prompting exporters to adjust quotations.

Demand for Succinic Acid ranged from low to moderate, with decreased orders from the textile industry due to reduced Polyester fiber demand during winter. Mid-quarter, consumption rates dipped in the food sector, with a 1.1% contraction in the food sales index in October 2023. Offtakes and procurement activities from buyers decreased, leading to higher inventory levels, while supply rates remained moderate.

Towards the quarter’s end, tight supplies were noted in the regional market amid supply chain disruptions. Asian exporters reduced supplies to the regional market, coinciding with an increase in ship traffic after Houthi Rebels in Yemen attacked vessels in the Red Sea, prompting commercial vessels to reroute to the Cape of Good Hope. Import quotations for Succinic Acid CFR Hamburg in Germany stood at USD 1,770/MT by the end of Q4.