The Succinic Acid price trend showed a bearish movement in the global market during March xxxx. The import quotations of Succinic Acid witnessed a reduction of x.xx in the US market. Similarly, in the European market, the product prices fell by almost xx. The key reason for this downward movement was the abundant availability of stocks in the international market due to firm production rates in major Succinic Acid producer China, and offtakes were moderately low after the spring festival. At the same time, global freight costs decreased during the month as container traffic bypassed the Suez Canal, stabilizing operations, and lowering ocean rates on major trade routes. Towards the end of the month, ocean rates continued to decline. On the other hand, the international air cargo market experienced increased demand for the third consecutive month in March, driven by e-commerce expansion and shipping disruptions in the Red...
