Sodium Hypochlorite Price Trend and Forecast

Regional Price Overview

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

Sodium Hypochlorite Price Trend for the October - December of 2023

Asia

The sodium hypochlorite prices experienced short-ranged fluctuations during the said period of Q4’23. The market behavior for sodium hypochlorite in the Asian region was heavily influenced by the price trend of its feedstock materials, sodium hydroxide (caustic soda), and chlorine.

Sodium Hypochlorite Price Chart

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Since the feedstock prices experienced swift depreciation during this time, the sodium hypochlorite prices also witnessed similar downfalls. Another major factor pushing the sodium hypochlorite prices downwards was the tepid demand structure of the downstream cleaning and bleaching industries. Since both the upstream and downstream factors influenced the market negatively, the price trend wavered at the lower level during the given period.

Europe

The European market trend for sodium hypochlorite were no different from the Asian markets as the prices here, too, fluctuated at the lower end of the price scale. The bleaching industry showed an excess of stocks in the inventories, and for that reason, the Sodium Hypochlorite market remained riddled with lackluster demands, causing the price trend to waver at the lower end of the curve.

North America

The North American Sodium Hypochlorite market closely mirrored its Asian and American counterparts during the last quarter of the year 2023. Ample inventory stocks and dull demands kept the prices struggling for the entire period. Overall, weak market trend were witnessed.

Analyst Insight

According to Procurement Resource, Sodium Hypochlorite prices are projected to remain weak in the coming months, given the market fundamentals amid the current global economic scenario.

Sodium Hypochlorite Price Trend for the July-September of 2023

Asia

The Sodium Hypochlorite market in Asia experienced some upliftment during the three months of the third quarter of 2023. As the economic conditions improved, a new wave of queries reignited the supplier's interest in sodium hypochlorite production and procurement. Conclusively, the regional prices of sodium hypochlorite moved up throughout the said period, though some regional variations and narrow-range fluctuations were seen. However, the general market sentiment was observed to be positive throughout the third quarter of 2023.

Europe

Contrary to the Asian markets, sodium hypochlorite prices in European markets declined during the third quarter. Given the series of trade normalization efforts after the economic backlash, the market momentum finally shifted. Further, the sliding upstream cost pressure from the feedstock's chlorine and sodium hydroxide, along with a significant downfall in freight and production costs, caused the regional prices of sodium hypochlorite to decline in the European region.

North America

The North American sodium hypochlorite market almost replicated the Asian price trend. As per the forecasts and price analysis, the interest rates in the US market were still very high; this forced suppliers to inflate sodium hypochlorite prices in order to prevent revenue losses. Overall, accelerating market trend were observed.

Analyst Insight

According to Procurement Resource, sodium hypochlorite prices will continue to fluctuate due to various economic imbalances in the global market.

Sodium Hypochlorite Price Trend for the First Half of 2023

Asia

Sodium Hypochlorite prices varied throughout the said period in the Asian market, especially in China. After rising staggeringly in the previous quarters, the prices subsided a little in the first half of Q1’23, till Feb, but rose again as the queries started coming in and the quarters shifted. The reopening of the Chinese market after a long lockdown also played its role as the second half of the second quarter witnessed a shortened gap between the supply and demand dynamics, and the prices fluctuated in a narrow range during that time. Overall, mixed market sentiments were observed.

Europe

The wrath of high inflation continued for Europe as the Sodium Hypochlorite prices went on to fluctuate with a downturn in the first quarter of 2023. But as the crude oil prices started stabilizing and supply chains were restored, the market gained confidence, and Q2’23 witnessed a continuous decline as the prices had grown to unsustainable limits. With improving trade sentiments, the Sodium Hypochlorite prices subsided in the latter half.

North America

Contrary to the global markets in the American Sodium Hypochlorite market, the prices soared continuously after falling momentarily at the beginning of the first quarter. The collapse of two major banks raised the interest rates even higher, affecting the overall cost dynamics leading to these price hikes.

Analyst Insight

According to Procurement Resource, with the current turbulences in the Sodium Hypochlorite market, the prices are likely to stabilize in the upcoming months.

Sodium Hypochlorite Price Trend for the year 2022

Asia

Sodium Hypochlorite is commonly used as a bleaching agent, also known as liquid bleach, primarily used in paper, textile, chemical, surfactant, cleaning, etc. industries. At the beginning of the year 2022, the prices inclined moderately in the first quarter as the Chinese market was under a strict lockdown, and the scarce availability caused the price hike. But the situation improved slightly in the second quarter, and the prices stabilized a little. However, the inflation and crude oil price hike that took place because of the Russian invasion of Ukraine took over everything else, and amidst mounting inflation, even Sodium Hypochlorite prices surged throughout the second half of the year 2022.

Europe

In the European market as well, the Sodium Hypochlorite prices fluctuated throughout H1’22, just like the Asian market, as the Chinese exports constitute the major chunk of the European supplies. But as the Russia – Ukraine conflict began in the European continent, all the supply chains and trade routes got hampered, and the inflation skyrocketed. Europe faced the most severe consequences of the war in its backyard. Sodium Hypochlorite prices surged throughout the latter half of the year.

North America

The North American Sodium Hypochlorite market could not behave any differently than other global markets, and following in similar footsteps, the prices hiked here as well in the second half after fluctuating in the first half of the year 2023.

Analyst Insight

According to Procurement Resource, the Sodium Hypochlorite market is going to remain demand-driven and will continue to fluctuate in the upcoming months as well.

For the Fourth Quarter of 2021

Asia

The feedstock chlorine market experienced a large demand. However, as production of chlorine was flourishing in India during a time of low seasonal demand, the price of chlorine went down in the region affecting sodium hypochlorite prices as well.

Europe

In Europe, chlorine availability was limited which impacted the production of sodium hypochlorite during the first half of the final quarter. The cost of chlorine also went down to 125 USD/MT in India, which in turn impacted sodium hypochlorite prices in the region.

North America

The feedstock chlorine availability was low in the US during the final quarter of 2021 as production in several factories remained low. This affected the production of the chemical. As the chlorine supplies were restored later in December 2021, amid low demand the price of chlorine went down to 380 USD/MT FOB USGC, thereby impacting sodium hypochlorite prices in the region.

For First, Second and Third Quarters of 2021

Asia

In Asia, the market witnessed mixed sentiments during the first quarter of 2021, as the coronavirus cases were declining in most countries across the region. Nevertheless, the demand from the sanitisation industry remained strong as countries took precautionary steps to curb the pandemic.

Some states in India stocked the supplies of sodium hypochlorite to be utilised for the sanitisation of the cities. Additionally, the cases of bird flu emerged in some Indian states due to which the prices were stable and rangebound. The demand was stable in the Asian market across the region, supported by high offtakes from downstream industries like the disinfectant sector.

The pandemic resurged rapidly in India, which induced the product’s demand in the country. The prices, however, remained stable due to the regulations by the government and the consistent supply activities in the country.

In China, on the other hand, the prices of several commodities were on the rise, including sodium hypochlorite prices, as the demand from the disinfectant industry was rising as the pandemic resurfaced in several Asian countries. Additionally, the rising costs of production and global inflation also contributed to sodium hypochlorite price rise.

The market in Asia registered supply constraints of the feedstock chlorine during the third quarter which eventually caused the prices to surge in the region. Several ports in China were congested as cargo processing slowed down due to the zero-tolerance policy for coronavirus. This along with the high freight charges contributed to the increment in the prices in Asia.

In India, the prices increased marginally during the third quarter of 2021 as imports were delayed. This coupled with the spillover effect led to an inadequate supply of the chemical. Shipping containers also faced an extreme shortage and imports grew expensive which added on to the reasons for the soaring high prices in the region during the third quarter.

Europe

In 2021 during the first quarter, the European countries witnessed the second wave of Covid 19 with an effective rise in the number of cases on a daily basis. The demand therefore was high and firm during this quarter across the region as the government took measures to sanitize roads and public places. The prices remained stable during the quarter, as most of the product was being consumed by government authorities.

The demand in Europe had reduced during the second quarter as the disinfectant sector relaxed due to a fall in the number of new coronavirus cases in European countries. Nevertheless, the prices were stable even though demand decreased, as traders remained optimistic about the future demand for the product in the region and predicted a rise in demand from the industrial disinfectant sector.

Limited supply of feedstock chlorine and an increased demand in the US, impacted the prices in the Europe. The feedstock prices also rose which in turn influenced the chemical’s market value in the region. In Europe, due to the ongoing crisis of natural gas during September, several production units were forced to limit their production capacities which impacted the supply of the chemical, eventually escalating the price in the region.

North America

In North America, the market witnessed a stable demand during the first quarter of 2021. Even though the number of new cases in US had been declining steadily, the demand remained stable from the sanitisation industry till the end of February. Additionally, the fast-moving vaccination drives supported the decline in cases in the region. Producers were unsure about the price stability even though the market remained firm till February, which was followed by a downward trajectory of prices after March.

During the second quarter of 2021, the chemical remained firm backed by a robust demand in the regional market amidst supply shortages. The market witnessed significant offtakes from the disinfectant market as well as from the cleaning sector as the availability was insufficient to keep with up with the overall demands.

Additionally, in the wake of low availability amidst high demand, the upstream chlorine prices were going up as a major production plant in the US remained shut. The soaring prices of chlorine had a major impact on the sodium hypochlorite prices during the second quarter. In the third quarter of 2021, backed by robust demand from water treatment chemical industry, the market witnessed an upward trend in the North American region.

The price was encouraged by the limited availability of the feedstock chlorine as a result of low production levels in the US due to the Hurricane Ida which caused landfalls in the US Gulf Coast during the end of August 2021. Apart from this, the prices were also influenced by the logistical issues in the region during the third quarter.

For the Year 2020

Asia

The demand in India in 2020 remained high as the government imposed disinfecting programmes in government hospitals and public transports like buses and metros. The prices soared high during the second quarter and stabilised later in the third and fourth quarters with interference from the government. With the festive season in November, the demand for the chemical surged in the final quarter as a sudden rise in consumption was observed. China too witnessed a stable demand as a disinfectant in 2020.

Europe

As new strains of Coronavirus emerged in several European countries, the demand for disinfectant surged across the region which in turn increased the chemical’s demand as well as affected the supply of chlorine. Several production units were reported to run at low capacities while some plants halted production due to the feedstock unavailability. The demand remained high in 2020 which increased sodium hypochlorite prices gradually.

North America

During the third quarter of 2020, a shortage of surface and floor cleaners was observed which resulted in a high demand for the chemical during the final quarter in the domestic market. Bleach-based cleaning wipes, a product that has a major application of sodium hypochlorite, had been consumed till no more stocks were available in supermarkets for the product. However, manufacturers were not able to gain from the surge in demand as they faced shortages of the feedstock materials. By the end of the year 2020, the disinfectants and wipes had been restocked in the market in limited quantities.

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