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TurkeyQ1 2025
In Q1 2025, Succinic Acid prices in China experienced a 3.19% decline, settling at USD 1370/MT. This decrease was mainly attributed to weaker demand from key industries such as flavors, fragrances, and coatings, which had seen peak demand periods earlier. In addition, broader global market conditions remained sluggish, leading to lower import volumes. Despite steady production rates, the market faced an oversupply situation, which further put downward pressure on prices. Even though producers adjusted production levels, the overall sentiment remained cautious, and the supply-demand imbalance kept prices under pressure.
Q4 2024
Succinic Acid prices in China saw a modest drop of 0.35% in Q4 2024, reaching USD 1415/MT. This minor decline was mainly due to a seasonal slowdown in demand following strong market activity in previous quarters. Despite stable production levels, reduced consumption in sectors such as food & beverages, personal care, and automotive led to higher inventory levels. This oversupply situation in the market triggered slight price adjustments. Though the decrease was limited, the market remained sensitive to fluctuations in demand and supply, with conditions continuing to evolve based on changing consumption patterns.
Q3 2024
In Q3 2024, Succinic Acid prices in China dropped by 1.93%, settling at USD 1420/MT. This decline was primarily driven by a slight reduction in demand from major industries like flavors, fragrances, coatings, and pharmaceuticals. While some seasonal demand persisted, overall consumption softened during the quarter. Production remained stable, but the accumulation of excess inventory created pressure on prices. Despite these challenges, the price decrease remained moderate, indicating a balanced supply-demand situation with limited market volatility.
Q2 2024
During Q2 2024, Succinic Acid prices in China saw a more notable decline of 4.99%, reaching USD 1448/MT. This price drop was driven by reduced demand across sectors such as flavors, fragrances, and coatings, which often experience seasonal fluctuations. As manufacturers scaled back orders and inventory levels built up, an oversupply situation emerged, putting further pressure on prices. With little recovery in sight due to the lack of significant demand increases, the market struggled to stabilize, contributing to the more substantial decline in prices.
Q1 2024
In Q1 2024, Succinic Acid prices in China fell by 5.81%, reaching USD 1524/MT. This sharp decline was largely driven by weaker demand from key sectors like food & beverages (flavors), personal care (fragrances), and coatings. After a peak demand period in late 2023, many industries reduced their purchasing activities in Q1, leading to a drop in prices. Combined with steady production levels and an accumulation of inventory from the previous quarter, these factors put additional downward pressure on prices. The overall market condition highlighted a temporary imbalance between supply and demand, resulting in lower pricing trends.
In Q1 2025, the CIF price of Succinic Acid at Nhava Sheva (China) saw a decline of 2.98%, reaching USD 1452/MT. This decrease was largely attributed to weaker demand from key downstream sectors such as food and beverage, bioplastics, and cosmetics and detergents, which led to reduced import volumes. Additionally, increased competition from other suppliers, coupled with ongoing market conditions, put downward pressure on prices. The price drop followed the overall market trend of subdued demand and excess supply, creating a challenging market environment.
In Q4 2024, the CIF price of Succinic Acid at Nhava Sheva (China) dropped marginally by 0.15%, settling at USD 1496/MT. The limited price decrease reflected a relatively stable market despite the ongoing seasonal slowdown in demand after the peak periods of earlier quarters. While production levels remained steady, the lower demand and higher inventory levels contributed to slight oversupply, limiting price movement. The relatively small price drop indicated the market’s attempt to balance these dynamics.
In Q3 2024, Succinic Acid prices experienced a slight decrease of 0.80%, settling at USD 1499/MT at CIF Nhava Sheva (China). This decline was largely due to a moderation in demand from key industries such as industrial chemicals, pharmaceuticals, solvents, and paints and inks. While there was some seasonal demand, it was not sufficient to absorb the available supply, leading to a slight oversupply situation in the market. Additionally, production levels remained stable, but there were no significant supply constraints to tighten the market. As a result, the price adjustment reflected the balance between stable supply and reduced demand during the quarter.
In Q2 2024, Succinic Acid prices at CIF Nhava Sheva (China) decreased by 4.38%, settling at USD 1511/MT. This decline was primarily driven by a slowdown in demand from key sectors such as bioplastics, cosmetics and personal care, and perfumes and flavors. While there was some seasonal demand, it was not enough to offset the weaker-than-expected consumption across these industries. Additionally, production remained stable, but without significant supply constraints, the market faced an oversupply situation. As a result, the price drop reflected the imbalance between steady supply levels and softer demand during the quarter.
In Q1 2024, the CIF price of Succinic Acid at Nhava Sheva (China) dropped by 3.66%, settling at USD 1580/MT. This decline was due to weaker demand, primarily from the flavors, fragrances, and coatings industries, after the peak season in late 2023. The buildup of inventory by downstream producers reduced the need for new imports, and a steady supply of feedstocks further pressured the market, contributing to the price drop. Despite this, the overall market condition showed a balancing of supply and demand, maintaining a relatively stable price range.
PriceWatch is your trusted resource for tracking global succinic acid price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the succinic acid market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.
In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence succinic acid prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely succinic acid market data.
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2021 Supply Chain Disruptions: Following the pandemic, many industries faced ongoing supply chain challenges, including shortages of key raw materials and logistical issues. This led to increased Succinic Acid prices due to constrained supply amid recovering demand.
COVID-19 Pandemic: The global pandemic led to widespread disruptions in production and supply chains, causing significant fluctuations in Succinic Acid prices. Initial drops in demand during lockdowns were followed by supply shortages as markets began to recover in late 2020.
2017 Chinese Environmental Regulations: In 2017, China implemented stringent environmental regulations that led to the temporary shutdown of many chemical plants, significantly affecting Succinic Acid supply. The resulting supply constraints caused a spike in prices as producers struggled to meet demand.
2015-2016 Global Oil Price Collapse: The dramatic decline in crude oil prices during this period led to decreased costs for feedstocks like fumaric acid, which are essential for Succinic Acid production. This contributed to a temporary decrease in Succinic Acid prices as production costs fell.
This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable Succinic Acid pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.
Molecular Weight[g/mol]
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Molecular Formula
Succinic acid, also known as butanedioic acid or amber acid, is a dicarboxylic acid with the chemical formula C4H6O4. It's a white, odorless, and acidic solid with a melting point of 184°C. Succinic acid is a key building block in various chemical processes and has diverse applications in industries like food, pharmaceuticals, and agriculture.
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PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Specification |
| Purity (%) | 99.5 |
| pH | 2.7 |
| Melting Point | 184-188 °C |
| Boiling Point | 235 °C |
| Water-solubility | 83 g/L at 25 °C |
| Density | 1.57 g/cm3 |
Applications
Succinic acid, also known as butanedioic acid, finds applications in diverse fields. It’s a key component in food and beverage industries, used as an acidity regulator. Industrially, it serves as a precursor to various products like pharmaceuticals, polymers, and solvents. Furthermore, succinic acid plays a role in human metabolism, being part of the Kreb cycle and contributing to the production of FADH2 and fumaric acid.
Succinic Acid pricing is primarily influenced by the cost of raw materials, particularly fumaric acid, which is essential for its production. Fluctuations in crude oil prices can also affect the cost of feedstocks like fumaric acid. Additionally, demand from various industries including food and beverage, bioplastics, pharmaceuticals, and cosmetics and detergents, plays a crucial role in shaping price trends. Supply chain disruptions, transportation costs, and changes in environmental regulations or trade policies also contribute to pricing volatility. Procurement heads should monitor these factors closely to make informed purchasing decisions.
The availability of key feedstocks, such as fumaric acid, is critical for determining Succinic Acid prices. Any disruptions in the supply of these feedstocks, whether caused by natural disasters, political instability, or shifts in production capacity, can lead to increased Succinic Acid prices. Conversely, improvements in feedstock production or an oversupply of raw materials may lead to price reductions. Procurement teams should stay updated on feedstock market trends to anticipate potential price movements and manage costs effectively.
Succinic Acid prices can vary by region due to differences in feedstock availability, local production capacities, and regional demand. Areas with well-established petrochemical industries, such as North America and Asia, generally experience competitive pricing due to abundant production capacity and lower transportation costs. In contrast, regions with limited manufacturing facilities may face higher prices. Procurement teams should analyse regional price trends and consider factors like local supply availability, transportation costs, and potential partnerships with local suppliers to optimize sourcing strategies and ensure cost efficiency.
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