Asia
The sodium monochloroacetate prices observed a mixed trajectory throughout the second half of the year 2023. The prices vacillated within confined limits during the third quarter.
The product inflow and outflow from the inventories were very much in alliance, pharma and pesticide industries also supported the market dynamics with a positive downstream outlook. However, as time progressed and the fourth quarter began, the sodium monochloroacetate price trajectory became relatively tepid.
The subdued demands started contradicting the oversupplied inventories. And as the supply chain issues started mounting up following the Red Sea crisis, the global orders crashed even further. This forced the sodium monochloroacetate prices down in the latter quarter. Overall, mixed market sentiments were witnessed.
Europe
The European sodium monochloroacetate market’s performance during the said time period was in contradiction with its Asian counterparts. Since the inventories were already exhausted at the beginning of the third quarter, the price trend tottered low during this time. However, as the fourth quarter arrived and the inventories got some space, the demands too started rising again. With this, the price graph was shifted in the upward direction, and thus, a very blended market trajectory was witnessed.
North America
The North American sodium monochloroacetate market mimicked the market behavior of its Asian counterpart closely during the said time period of H2’23. The price graph started low initially, however, then started picking up by the middle of the third quarter. The inclination in the prices was very minimal but helped sustain suppliers’ confidence. The year-ending month was comparatively weak as the freight hurdles brought the demands down again. Overall, oscillating market behavior was observed.
Analyst Insight
According to Procurement Resource, the Sodium Monochloroacetate price trends are likely to continue wavering as per the current supply and demand dynamics in the coming months as well.
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Asia
The dynamics of the sodium monochloroacetate (SMCA) market were dependent on the trend depicted by its feedstock, monochloroacetic acid. In the initial phase of the first quarter, the trend of sodium monochloroacetate (SMCA) prices oscillated on account of volatility in the demand from the downstream agrochemical and dyes sectors.
The decline in sodium monochloroacetate (SMCA) prices began in the latter part of the first quarter. The sodium monochloroacetate (SMCA) prices plummeted due to the slower economic recovery in the Asia Pacific after a long stretch of COVID restrictions and the holiday season in China. During the second quarter, these problems persisted, and along with that, the reduced freight costs, and a drop in global sodium monochloroacetate (SMCA) demand further drove prices down.
Europe
The first quarter witnessed a see-saw trend in the prices of sodium monochloroacetate (SMCA) as they rose initially with the help of a revival of market activities after the holiday season. The steady rates of production and overall supply of sodium monochloroacetate (SMCA) also supported the incline in the prices during this phase. However, in the second half of this quarter and throughout the second quarter, the trend of sodium monochloroacetate (SMCA) prices struggled with increasing inventory levels, rising cost of production, and low appetite of consumers.
North America
The initial incline in the prices of sodium monochloroacetate (SMCA) in the first quarter was a result of high demand from the downstream industries and low rates of production. However, similarly to the Asia Pacific and European countries, the prices began to decline in the second half of the first quarter. The major causes of the downfall of the market trend of sodium mono chloroacetate (SMCA) were the decline in feedstock costs and the downward movement of demand from the downstream industries.
Sodium Monochloro Acetate is a powdered white coloured solid. It is water soluble. It is used to synthesize drugs, colours, and herbicides. SMCA is used in the production of a number of beneficial substances, including medicines, dyes, agrochemicals, and thickening agents. The strong reactivity of the product's C-Cl bond is utilised in the majority of reactions.
It is widely utilised as a thickening agent in detergents, oil drilling, paper, food, and pharmaceutical applications; in the production of agrochemicals like insecticides (such as dimethoates) and herbicides (such as 2,4-D and MCPA); and as a starting point for betaines. The creation of vitamins, artificial caffeine, malonates, and glycine are further applications.
C2H3ClO2Na
Production of weed killers, dyes and pharmaceuticals Used as surface active and odour agent
Akzo Nobel N.V, Daicel Corporation, Dow DuPont, Niacet Corporation, INEOS Salts
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
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Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In this procedure, molten monochloroacetic acid (MCA) and a 50% caustic soda solution is sprayed into a spray dryer to obtain SMCA.
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