Butanedioic Acid Market Analysis: Pricing Trends, Forecasts, and Insights by Procurement Resource
In the first half of 2023, Butanedioic Acid prices in the Asian market mostly hovered at the lower end. Declining feedstock prices and feeble supply and demand contributed to subdued market sentiments, keeping prices low. Europe's market mirrored Asia's, with falling upstream costs and steady demand, resulting in an overall bearish outlook. Similarly, North America's market followed the global slowdown, with declining offtakes due to sufficient inventories supporting downstream demands. Replenishing stocks became cheaper as port congestions cleared and supply chains were restored, anchoring the butanedioic acid market worldwide. Request for Real-Time Butanedioic Acid Prices: https://www.procurementresource.com/resource-center/butanedioic-acid-price-trends/pricerequest Definition Butanedioic acid, also known as succinic acid, is a colorless, odorless dicarboxylic acid with the chemical formula C4H6O4. It occurs naturally in various plant and animal tissues and is used in ...