Glutamic Acid Prices in China:

In Q2 2024, glutamic acid prices in China reached 2,460 USD/MT in June, as depicted in the Glutamic Acid Prices Chart, marking a steep decline influenced by oversupply and weakened demand. Efforts to boost exports were undermined by currency depreciation, which reduced the global competitiveness of Chinese glutamic acid and resulted in excess stock levels. Seasonal lulls and production shutdowns further intensified the downward pressure on prices, with inventories exceeding market demand despite improved trade conditions.

According to the Glutamic Acid Price Forecast, recovery in prices will depend on mitigating oversupply, stabilizing export strategies, and aligning production levels with market needs. These factors underscore the importance of strategic adjustments in production and export to stabilize prices, as reflected in the Global Glutamic Acid Price Chart and Glutamic Acid Price History Chart, where similar challenges have shaped market dynamics in previous periods.

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Regional Analysis: The price analysis can be extended to provide detailed glutamic acid price information for the following list of countries.

China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.

Factors Affecting Glutamic Acid Demand and Prices?

The demand and prices of glutamic acid are influenced by several key factors across global markets. Its widespread use in the food industry as a flavor enhancer, particularly in the form of monosodium glutamate (MSG), drives consistent demand. Additionally, the rising popularity of plant-based and protein-rich diets boosts its utilization in dietary supplements and animal feed. Raw material availability, such as sugar and molasses used in its fermentation process, significantly impacts production costs and pricing. Market trends in pharmaceuticals and cosmetics, where glutamic acid is a key ingredient, further shape its demand. Regional supply chain dynamics and advancements in sustainable production methods also play a crucial role in influencing glutamic acid demand and price trends globally.

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