Sodium Gluconate Price Trend and Forecast

Sodium Gluconate 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 Q3 of 2024

Asia

The sodium gluconate market in the Asian region faced a decline in prices during the third quarter of 2024. This was primarily due to weak demand from downstream sectors, particularly the construction and textile industries.
 

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High inventory levels created an oversupply situation in the market, forcing manufacturers to lower prices to stimulate sales. Additionally, reduced international orders, particularly from major trading partners, contributed to the bearish sentiment, as manufacturers struggled to move existing stock.

Europe

The European market faced challenges during the third quarter of 2024. Similar to other regions, the slowdown in the construction industry, a key consumer of sodium gluconate, had a significant impact on demand. Economic headwinds, such as high inflation and rising interest rates, weighed heavily on consumer confidence, translating into reduced consumption of sodium gluconate-derived products. Additionally, the easing of feedstock costs, particularly for naphtha, put further downward pressure on sodium gluconate prices in the region.

North America

The market in North America experienced a notable price decline during the third quarter of 2024, primarily driven by weakened demand from the construction industry, a major end-user sector. As construction projects slowed down due to economic uncertainties and rising material costs, the demand for sodium gluconate diminished significantly. This reduction in consumption created an oversupply situation, putting downward pressure on sodium gluconate prices.

Analyst Insight

According to Procurement Resource, the Sodium Gluconate market may continue to face a downward trend in the coming months due to the persistent weakness in downstream demand. However, the potential recovery in construction activities will influence the concerned market.
 

Sodium Gluconate Price Trend for the Q2 of 2024

Asia

Sodium gluconate is the sodium salt of gluconic acid known for its chelating properties, making it highly effective in binding metal ions. During the second quarter of the year 2024, the prices were observed to be strictly range bound in the Asian markets for sodium gluconate. Other than the lukewarm consumer demands, the manufacturing dynamic was also very relaxed throughout.

All major feedstock materials like sodium hydroxide and gluconic acid were witnessing wavering patterns. Therefore, the price trend for sodium gluconate was observed to be consolidated throughout Q2’24.

Europe

The European sodium gluconate industry reflected the tepidness of the Asian markets for the majority of the second quarter of 2024. The major maritime gateway between Asia and Europe, the Suez Canal, saw a significant decline in the number of vessels passing through it. This clearly depicted the dip in international trade and, thus, the user demands of commodities in general. Overall, dull market sentiments were observed for sodium gluconate in the European markets during the said period.

North America

The American sodium gluconate markets were found following their Asian and European counterparts during the given time span. The pricing outlooks coincided closely as the supply and demand equation did not fluctuate much. International orders have been operating at a bare minimum for a long time now. Therefore, the pricing outlook has become reliant on domestic exchanges. Since the domestic upstream and downstream factors remained balanced for the most part, the prices were found oscillating within very close boundaries. Conclusively, borderline stagnancy was observed in the American sodium gluconate markets during the said span.

Analyst Insight

According to Procurement Resource, the Sodium Gluconate prices are expected to remain fluctuating in the coming months; a similar market behavior is expected.
 

Sodium Gluconate Price Trend for the Q1 of 2024

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Asia

During the first quarter of 2024, the Asian sodium gluconate market adhered to a declining route. The market participants attributed this anticipated decrease primarily to the falling prices of its raw materials and a decline in the demand of importing regions. The lower demand for sodium gluconate derivatives coupled with increased supply from domestic as well as overseas producers led to a general weakening of market conditions.

To sustain the market trend, the traders and manufacturers had to offer discounts before the holidays to destock inventories, adding to the market's weakness. This decline further reflects broader market adjustment amidst ample supply and subdued demand. Additionally, the abrupt surge in the cost of transportation caused by the rise in maritime shipment arrival time and elongation of trade routes further raised the skepticism of the market players.

Europe

In the first quarter of 2024, the European sodium gluconate industry noticed a slight uptick driven by various factors. After a subdued previous quarter, the downstream industries strategically restocked inventories, contributing to heightened demand and upward pressure on the price trend of sodium gluconate.

Additionally, the upcoming festive season in major exporting regions further prompted bulk orders to maintain sufficient supplies during production halts. Additionally, the geopolitical tensions, especially in the Red Sea region, amplified the cost support, leading to challenges like delivery delays and rising freight costs. Moreover, a slight rise in raw material prices and currency devaluation in January added to pricing complexities.

North America

The North American market of sodium gluconate observed volatility in its price trend as limited support from the domestic downstream industries and subdued sentiments of the overseas players resulted in the fluctuations in the price trend of sodium gluconate. The number of bulk orders declined at a concerning rate further forcing the production sector to lower their volumes, leading to a general downturn of sodium gluconate price trend during the Q1 of 2024. The end-user industries also remained under the pressure of surging prices of crude oil and other energy-driven raw materials, eventually leading to adjustments in the pricing quotations by both the traders and manufacturers of the sodium gluconate market.

Analyst Insight

According to Procurement Resource, the price trend of Sodium Gluconate is expected to face the challenges presented by the meek sentiments of the downstream industries and loss of global trading volumes due to surging freight charges and diversion of the Red Sea route.
 

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.

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.

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