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Use the independent price assessments and market coverage in our price reports to track the regional Sorbitol market.
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We offer the following regional Sorbitol coverage to keep you informed of factors and developments affecting prices in the Asia & US Sorbitol marketplace.
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Updated to mid-April 2014
The US sorbitol market is expected to remain stable in 2014 despite reduced corn-ending stocks forecast by the US Department of Agriculture (USDA).
In the March World Agricultural Supply and Demand Estimates (WASDE) the USDA reduced corn-ending stocks by 25m bushels to a figure of 1.456bn, which was within the range anticipated by traders and analysts.
In its latest monthly calculation, the USDA also increased exports of the vital commodity by 25m, citing stronger global demand and the rising pace of shipments over the past month.
The agency has been steadily cutting down its estimates of the use ratio over the past few months, as December 2013 was at 13.7% and January 2014 was projected at 12.4%. A lower usage ratio typically results in the increased potential for price hikes for corn.
The season-average farm price for corn was narrowed by 5 cents on both ends of the projected range to $4.25-4.75/bushel.
Additionally, US sorbitol exports are expected to rise this year with Canada and Mexico remaining the largest export destinations for US sorbitol.
Updated to Q4 2015
Asia’s sorbitol prices were assessed as broadly stable over the fourth quarter amid a balanced market. Supply was comfortable owing to plants running at stable rates. Healthy run rates prevailed in the region, with Siam Sorbitol operating its 8,000 tonne/year plant in Phimai, Thailand, at full capacity. Ueno Fine Chemicals ran its 40,000 tonne/year sorbitol plant in Samutprakarn, Thailand, at full capacity in October. Demand wise, the requirements remained stable. Meanwhile, in Indonesia, the offer level of sorbitol was capped at $650/tonne FOB (free on board) Indonesia, while the local sorbitol prices remained stable at rupiah (Rp) 9,000/kg DEL (delivered). In Thailand, the workable selling levels of Thai sorbitol exports were quoted unchanged at $650-750/tonne FOB Thailand, with trades done within the range. In the local market, the price discussion level of Thai sorbitol was at baht (Bt) 22.00-23.00/kg DEL. In India, a key sorbitol producer maintained its workable selling levels at $490-500/tonne FOB India, while the domestic prices were quoted at Indian rupees (Rs) 35-36/kg EXW (ex-works).
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Sorbitol.
We offer unbiased and independent price reporting, with our price assessments being widely quoted as benchmarks in contracts.
Our information is collected from market participants by our global network of reporters, delivering unrivalled coverage of established and emerging markets, including China and Asia.
ICIS price assessments are based on information gathered from a wide cross section of the market, comprising consumers, producers, traders and distributors. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments, giving you a robust reference for your negotiations.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Sorbitol. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
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ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Sorbitol, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.