Sorbitol Prices, markets & analysis
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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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Sorbitol Overview Transcript
Sorbitol is a sugar alcohol produced from the starch portion of the corn kernel. Sorbitol is mainly used as a sugar substitute especially in dietetic products but itis also the main ingredient in such things as sugar-free gum and diet beverages.
The market for sorbitol is closely tied to overall consumer trends, for example if the gross national product is set to increase 2% in the coming year we can expect the4 market for sorbitol to increase 2%. It generally follows trends in overall food consumption,.
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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 mid-April 2014
ICIS provides pricing information, news and analysis for all major petrochemical and chemical markets, including Sorbitol.
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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. 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.
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