Sodium Chlorite Price Trend and Forecast

Sodium Chlorite 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 the Q3 of 2024

Asia

The sodium chlorite market in Asia-Pacific demonstrated resilience amidst fluctuating conditions. Q3 saw a gradual uptick in prices, driven by heightened demand in water treatment and textile sectors.
 

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Manufacturing disruptions in key production hubs temporarily tightened supply, further bolstering prices. The region's expanding industrial base continued to underpin steady consumption patterns.

Europe

Europe's sodium chlorite sector experienced a fluctuating yet consolidating pricing environment. Initial stability gave way to modest gains as the quarter progressed. Increased focus on sustainable water management practices spurred demand. Energy cost volatility posed challenges for producers, influencing pricing strategies. The food and beverage industry's growing need for disinfection solutions contributed to market buoyancy.

North America

The US domestic market witnessed price softening due to inventory buildup and tepid demand in the early Q3’24. However, September brought a marked reversal, with prices rebounding sharply. This turnaround was largely attributed to renewed interest from the paper and pulp industry and unexpected supply chain bottlenecks.

Analyst Insight

According to Procurement Resource, the prices of Sodium Chlorite is expected to remain oscillating in the coming months. The anticipated growth in water treatment infrastructure across developing economies is expected to drive demand.
 

Sodium Chlorite Price Trend for the Q2 of 2024

Asia

Sodium chlorite is industrially produced using sodium chlorate, hydrogen peroxide, and sodium hydroxide. The changes in the sodium chlorite price graph were, therefore, very similar to the fluctuations in the pricing outlooks of these feedstock materials. In the paper and pulp industry, sodium chlorite is essential for bleaching wood pulp, ensuring the production of high-quality white paper.

However, with the reduction in demand for paper, the orders for sodium chlorite also took a dip, and thereby the price trajectory was pushed downward. Some occasional variation was seen frequently as the supply and demand equation wavered, however, the overall pricing outlook remained anchored for sodium chlorite throughout the said period.

Europe

The sodium chlorite prices in the European markets followed the global trend as the prices reported a downward trail throughout the second quarter of 2024. Similar to the Asian countries, the tepid turn of the market was primarily driven by lackluster end-user demand. Along with the meek downstream outlook, the existing stockpiles in producing markets also added to the downward pressure, depreciating the overall momentum of the market. The lack of overseas orders amid the rising geopolitical challenges, rising freight charges, and cautious spending of international players further dampened the market sentiments of both traders and manufacturers; overall, a weak market performance was observed.

North America

In the American markets, the sodium chlorite prices exhibited a bearish trend because of the declining downstream demand. The temporary muted run of the global crude oil market also played its part in influencing the price graph southward. The downward trail of the market was also supported by the loss of export volumes due to a rise in container shipment prices from May and the reduced momentum of downstream paper and polymer industries worldwide. The major setback came from the Asian buyers as they got more careful with procurement to offset domestic inventory pressure. This made the American stakeholders more reliant on domestic consumption for revenue.

Analyst Insight

According to Procurement Resource, the price graph of Sodium Chlorite will take time to improve going forward as the downstream demands are likely to remain dull for some time moving ahead.
 

Sodium Chlorite Price Trend for the Q1 of 2024

Asia

The sodium chlorite market in the first quarter of 2024 bore the ill consequences of the changing dynamics of several market drivers. The first and foremost setback came in the form of loss of downstream appetite for sodium chlorite, particularly in China, due to the onset of the Chinese Lunar New Year holidays. Even after the holiday season, the downstream textile, paper and pulp industries adopted a weak stance and presented a dim outlook of the market. Similarly, in India also, the steep depreciation in paper prices brought a halt in domestic production of sodium chlorite, keeping the overall trend of sodium chlorite prices on the lower end of the spectrum.

From the trader's and manufacturers' points of view, the subdued demand and slow recovery of the in-house end-user market pushed them to lower their production volumes. In order to stabilize the overall trend, the traders opted out of destocking activities, leading to a bearish stance of the sodium chlorite price trend. However, towards the end of the quarter, the market witnessed slow and meek upward movements from industries such as water purification, bleach wood, etc., raising the traders' anticipation of long long-awaited optimistic outlook of the market.

Europe

Throughout the first quarter, the European sodium chlorite market struggled in order to sustain the current dynamics. On the production side, the sudden and unexpected surge in the prices of base chemicals announced by several chemical giants such as OQ Chemicals and Eastman, along with the rising cost of crude oil and natural gas, raised the overall cost of production. However, the demand for sodium chlorite did not grow parallel to this surge in production costs and thus resulted in a subdued momentum of the market.

The downstream industries, such as wastewater management and textile, offered a slimmer hope, keeping the sodium chlorite price trend above the red zone, but sectors such as paper and pulp themselves struggled with low consumer confidence, projecting a negative influence on the pricing patterns of sodium chlorite during Q1 of 2024. Further, the inventories rose with the loss of overseas exports due to the diversion of maritime routes, adding additional pressure on the sodium chlorite market.

North America

In North America, a complex interplay of surging overseas demand but exceptional rise in transportation prices and decline in domestic prices resulted in the oscillation of sodium chlorite price trend during the first quarter of 2024. The unpredictability of the market also stemmed from the fluctuations in the cost of production, as sudden surges in feedstock chemical prices and alternations in crude oil and natural gas prices. Additionally, the loss of export volumes due to low water levels in the Panama Canal and the disruption of the Red Sea route further depreciated the overall sentiments of sodium chlorite, leading to a fall in its prices.

Analyst Insight

According to Procurement Resource, the price trend of Sodium Chlorite is expected to continue its bearish tone as the end user industries and feedstock market are yet to exert any positive influence on the pricing trajectory.
 

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.

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.