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The prices of Glycerine observed an exponential growth of 10% in Q1 of 2022 when compared with Q4 of 2021 in the North America. The hiked prices were accompanied by the increasing prices of feed, palm, soy, and coconut oil along with its shortage in the regional market. Demand from downstream sectors such as pharmaceutical, food and personal healthcare became the driving forces leading to spike in the prices of Glycerine. Furthermore, manufacturers have been facing feed supply shortage from the suppliers, <br><br>https://www.chemanalyst.com/Pricing-data/glycerine-1168
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Glycerine Price Trend and Forecast The Glycerine price observed an exponential growth of 10% in Q1 of 2022 when compared with Q4 of 2021 in the North America. The hiked prices were accompanied by the increasing prices of feed, palm, soy, and coconut oil along with its shortage in the regional market. Demand from downstream sectors such as pharmaceutical, food and personal healthcare became the driving forces leading to spike in the prices of Glycerine. Furthermore, manufacturers have been facing feed supply shortage from the suppliers, leading to higher production cost of Glycerine in the North American market showcasing its proportional effects on the prices of Glycerine. The prices of Glycerine in the US market landed at USD2812/ton, DEL Midwest, USA in the month of January and USD2955/ton, DEL Midwest towards the quarter ending March 2022. https://www.chemanalyst.com/Pricing-data/glycerine-1168
European market, the price of Glycerine In the European market, the price of Glycerine were noted as USD2752/ton, CFR Hamburg in January and USD2835/ton, CFR Hamburg, Germany towards the quarter end of Q1 2022. The offtakes from the downstream sectors that is pharmaceutical, and cosmetics became the major factor for hiked prices in European market. When compared with Q4 of 2021, the prices of Glycerine in Q1 of 2022 have observed a hike of approximately 13%. European Glycerine manufacturers also faced the crisis of feed (corn) as the suppliers were unable to provide the feed due to trade route change, which led to high production cost of Glycerine. https://www.chemanalyst.com/Pricing-data/glycerine-1168
The outburst of Omicron virus in China soared the demand of Glycerine in the pharmaceutical sectors
The prices of Glycerine observed an exponential growth of 10% in Q1 of 2022 The prices of Glycerine observed an exponential growth of 10% in Q1 of 2022 when compared with Q4 of 2021 in the North America. The hiked prices were accompanied by the increasing prices of feed, palm, soy, and coconut oil along with its shortage in the regional market In the Asian market, the Pricing of Glycerine escalated approximately by 15% in Q1 of 2022 when compared with Q4 of 2021. The outburst of Omicron virus in China soared the demand of Glycerine in the pharmaceutical sectors, forcing the manufacturers to increase their production rate
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