Sodium Hexametaphosphate Price Trend and Forecast

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 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.

Sodium Hexametaphosphate Price Chart

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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.