Prices of Sodium Chlorate Fell, Exhibiting a Low Trend in the Global Market

The prices of sodium chlorate declined in France during the month of November 2023. The prices decreased during this period due to the low costs of feedstocks used in the production of sodium chlorate. The reduction in prices, along with a high inventory rate, maintained the low market trend throughout November for sodium chlorate. With an inconsistent demand-supply balance, the inventories kept filling, impacting the price trends of sodium chlorate in the chemical market during this period.

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However, the operational rates from manufacturing units remained stable, accompanied by the demands dynamics from the downstream industries. The import prices from the Chinese market contributed to the stability of sodium chlorate price trends. On the other hand, the increasing inventory levels countered the stability in the market, causing a suppression in the market.

In the presence of a strong domestic demand from the downstream industries, the market remained low. The unstable supply-demand situation prevailing in the sodium chlorate manufacturing units caused a market contraction during this period in France. Moreover, the declining production costs of natural gas are expected to influence the sodium chlorate market, as well. The reduction in the demand during the holiday season during the first weeks of January 2024, accompanied by heavy inventories, is expected to impact the overall prices of sodium chlorate in the upcoming months.

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According to Procurement Resource, the market has been experiencing a gradual decrease in the prices of sodium chlorate since November 2023 due to high inventory levels along with inconsistent demand-supply scenario. The following is expected to remain the same amidst the low demand from the downstream industries and oscillating production costs, in the upcoming months.