Sodium Acetate Price Trend and Forecast

Sodium Acetate Regional Price Overview

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

Sodium Acetate Price Trend for First Half of 2023

Asia

In the production of sodium acetate, sodium hydroxide, and acetic acid serve as feedstock materials, and thus, its price trend is dependent on them. In the first quarter, the prices of sodium acetate were able to maintain a stable trajectory. The removal of COVID restrictions and the high confidence of consumers supported the market dynamics during the first quarter of 2023.
 

Sodium Acetate Price Chart

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In the second quarter, too, the chlor-alkali industries performed well in the region, but there was some imbalance in regard to the functioning of the supply chains and demand from the downstream industries. This proved to be a challenge for the sodium acetate market and resulted in a downfall in its price trend during the end of the second quarter.

Europe

The price trend of sodium acetate followed an uncertain path in the first quarter of 2023 as the raw materials sector was under the pressure of rising rates of inflation and limited purchasing activities from the consumer sector. In the second quarter, the price trend declined consistently.

The significant cause of this downfall in the prices was rising inventory levels and consistent low performance of the downstream industries. In addition to this, the influx of cheap imports from Asian countries and an almost negligible number of new orders ultimately resulted in the declining trend of sodium acetate prices.

North America

In North America, the trend of sodium acetate prices took a deep dive as the number of new offers declined significantly in the first quarter of 2023. The downstream industries also showed volatility in their demand throughout the first two quarters. Amid this poor demand scenario, the manufacturers and traders were forced to reduce their price quotations and their production rates in order to boost market sentiments and reduce the rising level of inventories. In addition to this, the poor performance of the economy and hike in interest rates impacted the growth of sodium acetate price trend.

Analyst Insight

According to Procurement Resource, the price trend of Sodium Acetate is estimated to struggle as the movement of downstream industries seems to be feeble due to the challenging financial conditions around the globe.

Procurement Resource provides latest prices of Sodium Acetate. 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.