05 January 2012 07:11 [Source: ICIS news]
By Loh Bowei
The spot prices of sorbitol rose slightly to $650-680/tonne FOB (free on board) SE (southeast)
Prices are likely to remain stable worldwide in the first quarter 2012, said a Thai sorbitol maker.
“In terms of supply and demand, southeast Asia will be stable in [the first quarter of 2012],” an Indonesian supplier said, adding that there will be no new major investments by end-users or producers in sorbitol plants.
Thailand-based producers said there is little chance of new players entering the market as the production of sorbitol requires a certain level of expertise and technological know-how.
Demand for sorbitol is likely to rise because of recent innovations in production processes in the frozen food sector, they added.
Sorbitol is an artificial sweetener with applications in food products and pharmaceuticals.
Meanwhile, Thailand's domestic and export sales of sorbitol in October and November fell by about 20% year on year because of recent floods in the country, said a Thai supplier.
Market players said demand in
The growth in
“Hopefully, the demand in
Uncertainty about the stability of feedstock supply in
However, feedstock tapioca starch prices in
Tapioca starch prices increased by 11.2% to baht (Bt) 13.90/kg on 6 December from a 10-month low of baht (Bt) 12.50/kg at the beginning of October, but softened slightly to Bt13.50/kg on 27 December, according to data from the Thai Tapioca Starch Association.
The export prices of sorbitol in
However, the prices of feedstock maize rose by Indian rupees (Rs) 1,500 to Rs12,500-13,000/tonne
($1 = Rp9,120.00)
($1 = Bt31.50 )
($1 = Rs53.00)
For more pricing intelligence, visit ICIS pricing
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