Sodium Persulfate Price Trend and Forecast

Sodium Persulfate Regional Price Overview

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

Sodium Persulfate Price Trend for the Q1 of 2024

Asia

The initial fluctuations in the feedstock market of sodium persulfate due to the onset of spring festivities in the Chinese market and the Lunar New Year holiday season affected the market dynamics. But soon the production volumes fell beyond the expectations of the market players while the demand for the commodity grew stronger. The constricted supply chains were further affected by the changes in global imports due to the disruption of traditional trading routes.
 

Sodium Persulfate Price Chart

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The return of the downward trend of the raw material industries, however, posed a challenge for this trend towards the end of the quarter. Therefore, the momentum set by the mid-phase of the quarter trailed off in the later stages, pushing the sodium persulfate prices in the southward direction.

Europe

The disruption of global supply chains and longer lead times were the primary drivers of the sodium persulfate market during the first quarter of 2024. The rising tensions at the Red Sea and increased instances of Houthi attacks, particularly on the shipments from the US and UK, escalated the travel times as Asian shipments were then directed from the Cape of Good Hope way, conversely increasing the freight charges.

The additional boost to the market also came in the form of the surging cost of raw materials imported and the depreciation of the Euro as compared to the US dollar contributed to this rise. However, towards the end of the first quarter, the prices began to move southwards with the ease of supply shortages.

North America

Throughout the first quarter, the prices of sodium persulfate varied in a narrow range, supported by the sustained demand from the downstream industries and feedstock industries. Not only domestic but the overseas industries also presented healthy procurement rates. However, the disruption of critical trading routes such as the Red Sea and Suez Canal pressurized the trading sector but had minimal effect on the demand from the downstream industries. The onset of the Chinese New Year holidays further directed the end-user industries toward other regions, giving the sodium persulfate market its required momentum.

Analyst Insight

According to Procurement Resource, the price trend of Sodium Persulfate is expected to be driven by a gradual improvement in the functioning of downstream industries as the summer month approaches and a rise in the cost of raw materials.

Procurement Resource provides latest prices of Sodium Persulfate. 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.