North American region witnessed descending price sentiment of Aspartame during the fourth Quarter of 2022. At the start of October, the price rose considerably as the end-user demand for Aspartame from the Pharmaceutical, Food & Beverage industries. Until November, the prices of Aspartame remained on the higher side with the settlement of USD 22170 /MT CFR Houston, but with the start of December, the cost started to decline to owe to a decrease in customer requirements and shut down of the market on account of new year holidays. Also, ease in supply chain momentum and decreased freight charges supported the market sentiments of Aspartame during the year ending.
During the fourth quarter of 2022, Aspartame prices overall demonstrated weaker market sentiments. Though, at the start of October, the demand rebounded slightly compared to the previous quarter, which the market participants successfully fulfilled. However, the slowdown in China's manufacturing activities and the trading momentum due to strict covid restrictions affected its production momentum, which started to decline considerably following November. Furthermore, Chinese economic activity fell below expectations in November, as disruptions caused by COVID-related lockdowns continued to chip away at growth and worsened sentiment among manufacturers and traders. The prices fall sharply with the settlement of 14590/MT FOB Shanghai in China during November and continue to end the year 2022 with the same rate.
The fourth quarter of 2022 imitates a similar trend in the European market as that of Asia Pacific for Aspartame. Initially, the market trend started on a positive note until November and got assembled at USD 25095/MT CFR Hamburg in Germany on the back of a surge in its demand from various end-user Pharmaceutical, Food & Beverage sectors. Following December, the prices started to drop considerably amidst a decrease in its upstream intermediate Acetic Acid, which in turn also contributed to a cooling price trend of Aspartame as the demand remained low and stocks with market players were enough. Furthermore, newer orders were also down in December, reflecting high stocks among the suppliers owing to the temporary shutdown of the market.
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