Potassium Sulfite Price Trend and Forecast

Potassium Sulfite Regional Price Overview

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

Potassium Sulfite Price Trend for Q1 of 2024

Potassium sulfite prices were found to be fluctuating throughout the first quarter of the year 2024. The market trend was closely linked with the fluctuations in the feedstock potassium hydroxide and sulphurous oxide markets. The market-driving factors provided both upward and downward pushes to the prices. However, the reduced demand from the chemical, industrial, and pharmaceutical sectors kept the downstream sector at bay.
 

Potassium Sulfite Price Chart

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In Asia, notably China and India, domestic consumption was sustaining the potassium sulfite market because international trade was struggling throughout the said time period. Therefore, the domestic inventories were facing a little burden with consistently accumulating stocks. This was influenced by geopolitical uncertainties affecting global trade.

Further, the upswing in production costs was influenced by the surge in crude oil and energy prices. Raw material costs too spurred up momentarily in the Asian markets. Therefore, the price trajectory was also very mixed here. These market scenarios also affected potassium sulfite prices in Europe as well. Amidst the ongoing geopolitical scuffles, the trade between Asia and Europe, which is primarily facilitated through the Suez Canal saw a significant decline. Overall, a varying price pattern was observed for potassium sulfite during the given span of Q1’24.

Analyst Insight

According to Procurement Resource, the Potassium Sulfite prices are expected to continue oscillating in a similar manner going forward; an overall mixed market performance is expected.

Procurement Resource provides latest prices of Potassium Sulfite. 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.