Weaker Inquires Support the Downward Price Trend for Threonine Across the Globe

The prices of Threonine across the globe ended the first quarter of 2023 in a downward direction which was marked by a considerable dip in its international inquiries. Moreover, Asia's factory activity slowed down as March approached due to a reduction in its global demand, persistently high inflation, and interest rate hikes weighing up on the region's economies and affecting customer interest, further reinforcing the lower price trend of Threonine worldwide.

In the USA, the prices of Threonine for feed grade demonstrate a weaker trend compared to previous months due to a decline in customer interest. Weaker export activity from China to the USA additionally supported the dropped price trend of Threonine. Besides this, as per the market experts, feedstock Corn prices had improved after witnessing a consistent dip during March 2023. As a result, enough stocks among the domestic merchants for Threonine were left to meet the overall necessities if it arrived. Likewise, in Germany, the cost of Threonine plummeted in early March by around 2% and would end the first quarter of 2023 at this rate only. Local merchants and retailers pulled back their orders as the stocks remained adequate to meet future requirements.

Moreover, in the Chinese market, the downstream products, including Threonine, were manufactured only on a need basis primarily due to reduced feed consumption which in turn caused a halt in overall market sales, as there were not enough inquiries witnessed from both the local and international markets.

According to ChemAnalyst, " In the upcoming months, it is anticipated that the price of Threonine for feed grade will improve globally. The surge in domestic and international market inquiries is expected to support the supplies present among merchants and retailers. Trade activity across the global market, majorly to the USA and Germany from China, is predicted to increase in upcoming months."