Sodium Molybdate Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Sodium Molybdate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Sodium Molybdate Price Trend for Q1 of 2024
Product | Category | Region | Price | Time Period |
Sodium Molybdate | Chemicals | USA | 24458 USD/MT | January '24 |
Sodium Molybdate | Chemicals | USA | 25325 USD/MT | March '24 |
Stay updated with the latest Sodium Molybdate prices, historical data, and tailored regional analysis
Asia
In contrast to the other global markets, the Asian sodium molybdate markets were moderate during Q1’24. The prices showcased a range-bound incline throughout the given time period. The domestic demands were very regular and moderately supported the pricing outlook.
Sodium Molybdate Price Chart
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The upstream costs, on the other hand, were undergoing escalation due to an upswing in feedstock and energy prices. With this, the sodium molybdate prices mostly remained tugged and wavered within confined limits. However, the market sentiments were largely positive for the majority of this period.
Europe
In the European sodium molybdate markets, the upstream factors remained more influential in deciding the pricing scenario for Q1’24. The Russia and Ukraine war entered its third year and continued to heat up when another war broke out in the Middle East between Israel and Hamas. The European supply chains suffered gravely because of this.
The Suez Canal, which oversees major maritime connectivity between Asia and Europe, saw an approximate 50% decline in the number of vessels passing through. Thereby, the shipping charges also surged. Hence the sodium molybdate prices saw an overall rise in prices during the given time period.
North America
Sodium molybdate prices were found to be rising throughout the said period of Q1’24 in the American markets. The downstream consuming sectors were giving a very moderate performance with casual demands, however, the upsurge in feedstock sodium hydroxide and molybdenum trioxide costs drove the prices up for sodium molybdate in the domestic markets.
In the American domestic market, the monthly average prices went from about 24458 USD/MT (CFR) in January’24 to around 25325 USD/MT (CFR) in March’24. This imparted an approximate 3% incline on the domestic price graph of sodium molybdate. Other than this the uncertainties in global markets were also impacting the US markets. However, the general outlook still remained positive as the supply and demand dynamics sustained momentum throughout the said period.
Analyst Insight
According to Procurement Resource, the Sodium Molybdate prices are likely to behave in a similar manner in the coming months as well. The supply and demand outlooks are not projecting any significant changes going forward.
Procurement Resource provides latest prices of Sodium Molybdate. 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.
Sodium molybdate is a chemical compound. It is often used as a soluble source of the micronutrient molybdenum, particularly in fertilizers for agriculture. Sodium molybdate acts as an effective corrosion inhibitor in water treatment systems, and it also serves in various industrial applications, including the production of pigments, and metal treatment, and as a catalyst in the manufacturing of chemicals. It is also used in nutritional supplements and pharmaceuticals.
Report Features | Details |
Product Name | Sodium molybdate |
Chemical Formula | Na2MoO4 |
CAS Number | 7631-95-0 |
HS Code | 28417020 |
Industrial Uses | Water Treatment, Agriculture, Chemical Manufacturing, Pigment and Dyes, Metal Treatment and Plating, Nutritional Supplements, Pharmaceuticals, Research and Development |
Molecular Weight | 205.92 g/mol |
Synonyms | Disodium molybdate, Sodium molybdate (VI) |
Supplier Database | Aldon Corporation, NOAH Technologies, Chem-Met Co., North Metal & Chemical Company, Anqing Yuetong Molybdenum Co., Taizhou Anda Nonferrous Metals, Tianjin Sifang Chemical Development |
Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
Currency | US$ (Data can also be provided in local currency) |
Supplier Database Availability | Yes |
Customization Scope | The report can be customized as per the requirements of the customer |
Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
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