Glyoxylic Acid Price Trend and Forecast

The Glyoxylic Acid Price in the North American market rose during the end of the third quarter of 2022, despite witnessing a declining price trend during the start of Q3 2022. High inflation rates affected the buying sentiments during the start of Q3. The supply disruption of the exports from China owing to the covid restriction in significant port cities during later October of 2022 abetted the rising trend of Glyoxylic Acid prices in the US in Q3 2022. The constant demand from the downstream textile sector for dyeing and the downstream agricultural sector for agrochemicals assisted in the increasing price hike of Glyoxylic Acid during the end of Q3 2022 and was recorded at around USD 1750/MT.

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