Sodium Fluoride Price Trend and Forecast

Sodium Fluoride Regional Price Overview

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

Sodium Fluoride Price Trend for First Half of 2023

Asia

The price trend of sodium fluoride is dictated by the market activities of fluorspar, as it serves as its feedstock material. In the first quarter, the influx of new orders and the revival of Chinese industries after the holiday season boosted the sentiments of sodium fluoride price trend.
 

Sodium Fluoride Price Chart

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However, as the quarter progressed, the demand from the downstream industries subdued while the level of inventories rose to significant numbers, challenging the rise in the price trend of sodium fluoride. Similar to the first quarter, the prices inclined initially but declined eventually. The overseas industries supported the rise in the prices initially, but declining input costs and lower construction sector demand led to the downfall in the prices of sodium fluoride.

Europe

In European countries, the downstream demand and sufficient number of stockpiles restricted the growth of the sodium fluoride price trend. The number of inquiries from North American industries declined significantly amid the rising inflation and strict monetary actions taken by the government. The weak economic conditions also hampered trade sentiments. Manufacturers had to reduce their profit margins in view of the poor demand from the domestic industries in the first and second quarters of 2023.

North America

The construction sector presented low demand in the first and second quarters of 2023, which affected the price trend of sodium fluoride negatively. In addition to this, the poor condition of the economy caused by the failure of two major banks forced the government to adopt extreme measures in order to keep the market conditions afloat.

This caused the prices of sodium fluoride to become volatile and the demand from the downstream industries to decline. Further, the environmental restrictions against unregulated mining activities also played a major role in the downfall of sodium fluoride price trend.

Analyst Insight

According to Procurement Resource, the price trend of Sodium fluoride is expected to trace a southward journey as the weak condition of the global markets will affect the prices negatively.

Procurement Resource provides latest prices of Sodium Fluoride. 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.