Ferric Sulfate Price Trend and Forecast

Regional Price Trend

Get the latest insights on price movement and trend analysis of Ferric Sulfate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Ferric Sulfate Price Trend for the Second Half of 2023

Asia

Ferric sulfate market prices were observed to be oscillating during the last two quarters of 2023. Even though the market fluctuations were feeble and marginal, the price graph was uneven. Ferric sulfate prices started on a lower note in July’23 as the inventories were already running high in the Asian region, especially in the Indian and Chinese markets. So, the third quarter was largely underwhelming, with occasional lifts.

Ferric Sulfate Price Chart

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As the fourth quarter began, not much change was observed in the ferric sulfate prices; the demands were still dull; however, around mid-Q4, the international market’s situation worsened even more, with the continuous freight hindrances, the export queries started to dwindle even more and pushed the prices down further in the Asian markets.

Europe

The European market reflected the sluggishness of the global ferric sulfate market during the said period of H2’23. The prices wavered at the lower end of the curve here as well. The downstream dye and pigment industry was facing a demand crisis, and the supplies were also unrestricted, which pushed down the ferric sulfate prices during the said span. The supply outlook maintained this edge throughout the given period. In the UK ferric sulfate market, the monthly average prices went from about 400 USD/MT (CIF, 45% Soln) in July’23 to around 339 USD/MT (CIF, 45% Soln) in December’23.

North America

The ferric sulfate price trend for the North American market was not much different from its Asian and European counterparts. Following the global market behavior, the ferric sulfate prices were found to be swinging low throughout H2’23. The consuming industries were already offering feeble demands when the long holiday season in the fourth quarter hampered industrial activities further. Overall, tepid market sentiments were observed in H’23.

Analyst Insight

According to Procurement Resource, the ferric sulfate market prices are unlikely to get better anytime soon in the coming months; even though the suppliers have acquired a wait-and-watch approach, the existing inventories will take some more time to move.

Ferric Sulfate Price Trend for the First Half of 2023

Asia

In the production of ferric sulfate, sulphuric acid plays a major role, and therefore, its price trend is mainly guided by the market activities of sulphuric acid. In the first two quarters of 2023, the prices declined consistently.

The first quarter suffered the adverse effects of the rise in the level of inventories and lack of support from both the downstream and upstream industries. In the second quarter, the Japanese fertilizers and agricultural sector took a downward toll as its growth rates fell to alarming levels, negatively impacting the price trend of ferric sulfate.

Europe

The rates of exports in the first quarter of 2023 improved, but the weak movement of the European economy proved to be a problem for the ferric sulfate market activities. In both quarters of 2023, the rising level of inventories proved to be a challenge for the ferric sulfate manufacturers, and along with this, the subdued demand from the downstream industries, poor consumption rates, and declining sales of fertilizers eventually pushed the price trend of ferric sulfate in the negative zone.
                                                                 
North America

The hike in inventory levels and high uncertainties in the downstream markets led to the decline in the price trend of ferric sulfate in the first quarter of 2023. The fertilizers and chemical industries improved their market performance in the second quarter, but despite that, the price trend of ferric sulfate continued to decline. In the second quarter, the level of stockpiles, the declined interest of investors, and the dubious performance of America’s energy sector hampered the growth of the ferric sulfate price trend.

Analyst Insight

According to Procurement Resource, the price trend of Ferric Sulfate is expected to follow a southwards trajectory as the demand from the agricultural and cleaning sector and the surge in the level of inventories will affect the Ferric sulfate price trend negatively.

Procurement Resource provides latest prices of Ferric Sulphate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.