Glycerin Prices Plummet in Q2 2024 Amid Supply Glut and Weak Demand

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐆𝐥𝐲𝐜𝐞𝐫𝐢𝐧 𝐏𝐫𝐢𝐜𝐞𝐬 𝐌𝐨𝐯𝐞𝐦𝐞𝐧𝐭 𝐐𝟐

𝐆𝐥𝐲𝐜𝐞𝐫𝐢𝐧 𝐏𝐫𝐢𝐜𝐞𝐬 𝐢𝐧 𝐔𝐒𝐀:

In the United States glycerin prices fell to 250 USD/MT in June and marked a dramatic plunge as it entered Q2 of 2024. Factors such as supply glut and dampened demand-the general drift of consumer sentiment across the market, played a major role in causing this trend. It was noted that early preparations done during the rainy season availed little relief as they did not compensate the overall bearish trend. Indeed, the period highlighted the continuing challenge facing the glycerin market in balancing adequate supply with dwindling demand. In this environment, suppliers were forced to change strategies to survive the inherently over-supplied market. These developments obviously amplified the ongoing struggles to keep prices steady under oscillating economic and consumer conditions.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗙𝗼𝗿 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.imarcgroup.com/glycerin-pricing-report/requestsample 

𝐆𝐥𝐲𝐜𝐞𝐫𝐢𝐧 𝐏𝐫𝐢𝐜𝐞𝐬 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚:

There was a significant fall in glycerin prices in South Korea, settling at 745 USD/MT in June, during Q2 2024. The market suffered from less industrial activity during the hot summer months, which kept the market oversupplied with glycerin. Rising production costs continued to worsen, making it impossible to withstand extreme downward pressure in prices. This scenario created a real challenge for the stakeholders as they battled against balancing between demand and supply that affects the condition. Price decline illustrated these challenges of glycerin production in the midst of sudden and unpredictable market changes, not excluding the local economic trouble facing the producers and market.

𝐆𝐥𝐲𝐜𝐞𝐫𝐢𝐧 𝐏𝐫𝐢𝐜𝐞𝐬 𝐢𝐧 𝐆𝐞𝐫𝐦𝐚𝐧𝐲:

In fact, glycerin costs have been creeping down throughout Q2 2024, featuring a final drop down to around 315 USD/Mt, from six over the month of June itself, in Germany. There was an oversupply to an even weaker demand from the end of which downward price pressures conceived the market. The seasonal and the economic effects were still present: reduced activity in the industry and consumer reticence are two features to depict the bearish outlook on the market. Not just that, but that is what exactly added to the cloudy picture, as many suppliers have lost their ability to cope with normal stock levels. Glycerin kept scarifying on value, as under such circumstances it became more and more difficult for the market to digest supply alongside lethargic demand and cautious buying patterns seen over the phase.

𝐆𝐥𝐲𝐜𝐞𝐫𝐢𝐧 𝐏𝐫𝐢𝐜𝐞𝐬 𝐢𝐧 𝐓𝐮𝐫𝐤𝐞𝐲:

During the second quarter of 2024, glycerin prices in Turkey touched 1630 USD/MT in June and had a heavy blow during the quarter. Domestic oversupply combined with dwindling global demand resulted in these conditions. Thus, the indigenous market encountered difficulties in holding excess stocks and coping with diminished economic activities. To counter the slower demand, several suppliers were adjusting their production levels; thus glycerin prices continued their southward move. Indeed, this kind of market condition indicates how difficult it is to balance supply with reduced rates of consumption, thereby dragging prices lower all along the second quarter of 2024.

𝗦𝗽𝗲𝗮𝗸 𝘁𝗼 𝗮𝗻 𝗔𝗻𝗮𝗹𝘆𝘀𝘁: https://www.imarcgroup.com/request?type=report&id=22478&flag=C

𝐇𝐨𝐰 𝐈𝐌𝐀𝐑𝐂 𝐏𝐫𝐢𝐜𝐢𝐧𝐠 𝐃𝐚𝐭𝐚𝐛𝐚𝐬𝐞 𝐂𝐚𝐧 𝐇𝐞𝐥𝐩

The latest IMARC Group study,"𝐆𝐥𝐲𝐜𝐞𝐫𝐢𝐧 𝐏𝐫𝐢𝐜𝐞𝐬, 𝐓𝐫𝐞𝐧𝐝, 𝐂𝐡𝐚𝐫𝐭, 𝐃𝐞𝐦𝐚𝐧𝐝, 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐍𝐞𝐰𝐬, 𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐃𝐚𝐭𝐚 𝟐𝟎𝟐𝟒 𝐄𝐝𝐢𝐭𝐢𝐨𝐧,"presents a detailed analysis of Glycerin Trend, offering key insights into global Glycerin market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Glycerin demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
𝗘𝗺𝗮𝗶𝗹: sales@imarcgroup.com
𝗧𝗲𝗹 𝗡𝗼: (D) +91 120 433 0800
𝗨𝗻𝗶𝘁𝗲𝗱 𝗦𝘁𝗮𝘁𝗲𝘀: +1-631-791-1145

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.