Sodium Chlorite Price Trend and Forecast

Regional Price Overview

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

Sodium Chlorite Price Trend for October-December of 2023

Asia

The Asian market witnessed a significantly slumped price trend for sodium chlorite, particularly in China. The chief negative factors behind the subdued price trend were the oversupply issues, passive downstream demand (globally), and sombre buying sentiments.

Sodium Chlorite Price Chart

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The production wasn’t kept under check while the supply kept adding the already-ripened inventories, totally disrupting the demand-supply equation. Moreover, the downstream products of sodium chlorite experienced a dip in production rates, which eventually weighed the sodium chlorite price trend down.

Europe

The sodium chlorite price trend faltered and fell in the European market, too. Here, the manufacturing rates were halted, which led to strategical procurement, buying, and selling activities that rendered the declining price curve for sodium chlorite owing to the shuddering market in Europe. However, with constricted price movement, traders are eyeing the hoped-for bullish sentiment, which could then send the sodium chlorite market into the distribution phase.

North America

The sodium chlorite price trend in the North American countries followed its continual weak trajectory. The primary reason here was the disarray in ocean freight owing to low water levels in the Panama Canal. This alluded to the surfeit in the inventory, hence bringing the prices down in the domestic market. Moreover, the water treatment industry, along with the textile industry in the US, couldn’t help pulling the tumbling price trend for sodium chlorite in North America. Hence, the overall outlook for the sodium chlorite market remained bearish. 

Analyst Insight

According to Procurement Resource, sodium chlorite prices are expected to remain subdued in 2024. As per the analysis, the forecasted price trajectories are expected to weaken further.

Sodium Chlorite Price Trend for the July-September of 2023

Asia

The Asian Sodium Chlorite market was observed to be wavering within a confined limit during the given period of the third quarter of the year 2023. Because of the slow pace of the economic revival in China after the abolishment of the COVID lockdown, the sodium chlorite demands from the chemical and disinfectant industries remained dull. And the inventories were already loaded with excess stocks that could easily cater to the existing demands in the market. However, as some time passed and the inventory stocks started moving steadily, the supply and demand gap started narrowing.

In the latter half of the quarter, the market demands also picked up from both domestic and international markets. As a result, the market dynamics started improving, and the sodium chlorite price graph started showing upward wavering movements. Overall, a varied price pattern was observed for sodium chlorite during the said period.

Europe

The European sodium chlorite market was found to be struggling for the majority of the discussed period. With consistently dipping demands, the price trend mostly remained downward facing throughout the said span. Another downgrading factor for sodium chlorite price trend was the easy availability of cheap Asian exports. Further, the upstream costs also subsided after the supply chain normalization happened, and the freight and transportation costs stabilized. A depreciating market outlook was witnessed.

North America

The American sodium chlorite market was relatively more stable compared to the other global markets. Since the suppliers were already cautious with their purchases because of the difficult economic situations in the region, the price trend remained moderate with whatever demands the consumption industries posed.

Analyst Insight

According to Procurement Resource, not much improvement is anticipated in the Sodium Chlorite market going forward as the market demands are not likely to pick up anytime soon.

Sodium Chlorite Price Trend for the First Half of 2023

Asia

Sodium Chlorite experienced a mixed price pattern in the Asian region during the first half of 2023. The market started slow at the beginning of the first quarter as the demands were really sluggish, but the disinfectant and bleaching industries started picking pace and substantially pushed the Sodium Chlorite prices up in the middle of quarter one. However, these surges were short-lived as they decreased upstream costs because cheaper feedstock and freight reduced the cost support and ramped up production activities, oversupplying the inventories. These instances put the Sodium Chlorite prices on a declining trajectory, and these sliding trend continued for the rest of the second quarter as well.

Europe

The market started strong in January’23 because the production costs rose substantially under inflationary pressure as crude oil and energy prices were constantly high. But from the middle of Q1, the Sodium Chlorite market started facing a destructive situation from lackluster demands. The prices started declining, and the availability of cheaper Asian imports provided a further downward push to the Sodium Chlorite price trend. These trend continued for the rest of the said period, till the end of the second quarter. Overall, low swinging market sentiment was observed.

North America

In an almost similar run to the European Sodium Chlorite market, the North American market also exhibited mixed price trend. Prices inclined for most of the first quarter since the demands from downstream bleaching and disinfectant industries were high. But from the end of Q1 to the end of Q2, prices fell constantly as the inventory levels increased, trampling the buyer sentiment with decreased profit margins.

Analyst insight

According to Procurement Resource, the price trend for Sodium Chlorite are expected to continue a similar fluctuating pattern as the downstream demands and inventory stocks continue to remain volatile.

Procurement Resource provides latest prices of Sodium Chlorite. 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.