Sodium Hexametaphosphate Price Trend and Forecast

Sodium Hexametaphosphate Regional Price Overview

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

Sodium Hexametaphosphate Price Trend for the First Half of 2024

Asia

In the first half of 2024, sodium hexametaphosphate prices in Asia were influenced by fluctuating prices of its key feedstocks, soda ash and phosphoric acid. The soda ash market in Asia experienced downward pressure due to weak demand in sectors like glass and chemical industries, along with excess supply. This led to a bearish outlook in sodium hexametaphosphate prices, as manufacturers faced lower raw material costs but struggled with tepid downstream demand.
 

Sodium Hexametaphosphate Price Chart

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Additionally, phosphoric acid prices in the region also saw a decline, especially in the second quarter, driven by lower demand for fertilizers and other downstream products. Together, these trends resulted in a sluggish market for sodium hexametaphosphate, as producers adjusted their pricing strategies to align with the broader feedstock cost reductions and weak consumption.

Europe

The European sodium hexametaphosphate market followed a similar trend during H1 2024. Soda ash prices in Europe, pressured by weak demand from the glass industry and rising production costs, saw limited upward movement. This created a challenging environment for sodium hexametaphosphate producers, who faced rising operational costs but low demand, particularly from industrial applications.

Phosphoric acid prices in Europe also remained subdued due to a supply-demand imbalance, especially with stable phosphate rock prices and lower sales in the fertilizer sector. These combined factors kept the sodium hexametaphosphate market under pressure, as manufacturers had to contend with fluctuating feedstock costs while offering competitive pricing to maintain sales.

North America

In North America, the sodium hexametaphosphate market faced mixed signals from its feedstock prices during the first half of 2024. Soda ash prices, though subdued by lower demand from the construction and glass industries, were also impacted by limited export opportunities due to logistical challenges, such as reduced shipping volumes through key routes like the Panama Canal.

However, phosphoric acid prices in the region remained relatively stable, supported by steady demand from agricultural and industrial sectors. However, sluggish demand for sodium hexametaphosphate from end-use sectors like food processing and water treatment kept prices from rising significantly, as manufacturers focused on maintaining balance between feedstock costs and market competition. The overall sodium hexametaphosphate market remained stable, though under some pressure from external market forces.

Analyst Insight

According to Procurement Resource, the price trend of Sodium Hexametaphosphate is expected to follow the trail of its two major feedstock commodities, soda ash and phosphoric acid, in the upcoming months as well.
 

Sodium Hexametaphosphate Price Trend for First Half of 2023

Asia

The first quarter proved to be fruitful for the sodium hexametaphosphate prices as the performance of the downstream industries improved in the domestic market of China. This support from the end-user industries continued till the first half of the second quarter.

During this time, the increase in the number of new orders and the rise in the procurement rates of overseas industries also helped support the rise in prices of sodium hexametaphosphate. However, during the end phase, the trading activities of sodium hexametaphosphate declined due to inflation and led to the downfall of the sodium hexametaphosphate prices.

Europe

In European countries, the shadows of inflationary pressure and the declining purchasing potential of consumers challenged the growth of sodium hexametaphosphate prices. The region also had a sufficient level of inventories while the demand fell short as compared to it and led to the fall in the prices of sodium hexametaphosphate.

In addition to this, the number of inquiries from the domestic and international sectors dipped consistently. Further, the supply chains dominated throughout the two quarters as the imports from the Asia-Pacific countries strengthened the supply chains and caused the price trend of sodium hexametaphosphate to move southwards.

North America

The sodium hexametaphosphate market in North America witnessed a significant drop in prices as consumers showed low interest in this sector in both the first and second quarters of 2023. The situation of feedstock prices also did not seem to support the growth in the prices of sodium hexametaphosphate. In addition to this, the rate of manufacturing remained sluggish, and the ongoing banking crisis in the region dimmed the hope of recovery of sodium hexametaphosphate.

Analyst Insight

According to Procurement Resource, the price trend of Sodium hexametaphosphate is estimated to witness a bearish trajectory as the demand from the end-user sector and rising level of inventories will act as a hindrance to the sodium hexametaphosphate prices.

Procurement Resource provides latest prices of Sodium Hexametaphosphate. 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.