Sodium Gluconate Price Trend and Forecast

Regional Price Overview

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

Sodium Gluconate Price Trend for the October - December of 2023

Asia

The sodium gluconate prices were observed to be wavering on the lower side during the final quarter of the year 2023. Sodium gluconate is usually used in the construction industry as the binding agent for concrete as it reduces its water content without hampering its strength and improves its workability. Since the construction industry was mostly struggling during the said time, the prices were observed to be wavering at the lower end.

Sodium Gluconate Price Chart

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The feedstock materials sodium hydroxide and gluconic acid also failed to provide any substantial cost support; in fact, because of the low feedstock costs, the production rates for sodium gluconate plunged significantly during the said period. Other consumption sectors, like the food and beverage industries that use sodium gluconate as a stabilizing agent, also failed to improve the demand outlooks for the given period. Overall, southward wavering price trend were observed.

Europe

The European sodium gluconate market closely followed its Asian counterpart during the given period of the year 2023. Owing to the dull market demands during the heavy winter months, the market dynamics for sodium gluconate remained weak in the region throughout the fourth quarter of the year.

North America

The American market trend for sodium gluconate were not much different from the Asian and European markets of the concerned period. The poor market offtakes kept the market trend at bay for the American region as well. The sugar sources required to produce gluconic acid through fermentation also experienced a slump during this time. Hence, the prices wavered at the lower end of the curve for the entire duration.

Analyst Insight

According to Procurement Resource, the Sodium Gluconate price trend are not expected to improve anytime soon in the coming months as the inventories are heavily flooded, and the demands will also take time to improve.

Sodium Gluconate Price Trend for the July-September of 2023

Asia

The sodium gluconate prices observed a mixed price pattern during the given period. The prices mostly fluctuated as per the downstream industrial demands from the consumption sectors. The first half of the quarter dwelled more on the weaker side as there were bearish market demands initially since the industries were still struggling with the slow global economy.

The suppliers were also skeptical about ordering new stocks. However, since the cautious supply helped in managing the upstream situation, the steady rise in market demands from the construction, textile, and metallurgical sectors by the end of the quarter also provided an upward push to the price trend. The market witnessed gradual upliftment at the end of the quarter. Overall, mixed market sentiments were observed.

Europe

The European sodium gluconate market almost mirrored the price trend from the Asian markets. The initial months of the quarter were difficult as the sodium gluconate demands from the metal and chemical industries remained low, prompting a downward-looking price graph. However, since the inventories started vacating, the sodium gluconate prices started normalizing in the latter half of the quarter.

North America

The North American sodium gluconate market also replicated the trend as seen in its Asian and European counterparts as the prices fluctuated in a see-saw manner here as well. After riding low during the first half of the quarter, the prices picked up in the latter half. The trend followed the global pattern and fluctuated as per the downstream demands.

Analyst Insight

According to Procurement Resource, the Sodium Gluconate market dynamics are expected to have a moderate run in the coming months, since the gap between supply and demand outlooks has narrowed down, the market stability is likely to be sustained for some time.

Procurement Resource provides latest prices of Sodium Gluconate. 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.