For the Quarter Ending September 2023

North America

During the third quarter of 2023, the demand for oxalic acid experienced a surge in North America, specifically from the metal cleaning, leather tanning, and wood bleaching industries. This heightened demand, coupled with supply disruptions and increased energy costs, led to a notable price increase. In July 2023, the price of Oxalic Acid in the United States reached USD 560 per metric ton, representing a slight uptick from the previous month. Several supply chain challenges, such as plant closures and transportation delays resulting from Union worker strikes, further contributed to the price surge in the region.

Asia Pacific

In the Chinese market, Oxalic Acid prices exhibited mixed trends throughout the third quarter of 2023, reflecting shifts in demand sentiment. The initial months saw robust demand from downstream metal cleaning and related industries, prompting active procurement. However, in the latter half of the quarter, procurement activities slowed as buyers adopted a cautious approach, leading to a wait-and-see attitude. International demand also declined, resulting in limited procurements from overseas markets. Consequently, by the end of Q3 2023, Oxalic Acid prices in China were assessed at USD 514 per metric ton on an FOB basis.

Get Real Time Prices of Oxalic Acid: https://www.chemanalyst.com/Pricing-data/oxalic-acid-1556

Europe

In the European region during the third quarter of 2023, Oxalic Acid prices witnessed an increase in the first half, driven by strong demand from end-user industries, supply disruptions, and escalating energy costs. However, prices experienced a decline in the latter half of the quarter as demand from downstream industries eased amidst a broader economic slowdown. Post the conclusion of Q3, Oxalic Acid prices in Germany were assessed at USD 534 per metric ton on an FD basis. Simultaneously, imports from the Asian region surged due to a significant drop in freight charges and a general slowdown in the global trading pattern.