Sodium Silicate Price Trend and Forecast

Regional Price Overview

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

Sodium Silicate Price Trend for the Q1 of 2024

Asia

The market behavior of sodium silicate is usually dependent on the price trajectories of its feedstock materials, soda ash, and silica, along with the downstream demands from the consuming sectors. The adhesive and metal industries were the primary consumers during the given span. Both industries were struggling with supply overflow as the end consumer demands were lackluster for the most part.

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Because of these lackluster demands In the Asian markets, particularly China, the prices observed a falling trajectory. Feedstock silica and soda ash prices also did not provide any substantial cost support as the prices were observed declining for these, too, in Asia. The prices first wavered a little at the same position in the early days; however soon started tumbling down. The global slowdown in trade sentiments had its own impact on sodium silicate prices. A majorly plummeting price trajectory was seen in the Indian and Chinese sodium silicate markets.

Europe

In the European sodium silicate market, the prices observed a mixed trajectory for the most part. Initially, the price trend was more subdued and grounded; however, in the second half of the quarter, the market started inclining despite the downstream demands staying humble. Rising silica prices pushed upstream manufacturing costs for producers.

The escalating energy and crude oil prices were also worrisome for suppliers as they raised the storage and logistics charges as well along with the manufacturing costs amidst already existing trade challenges. But, even after all this, the demands remained the pivotal factor. Since the market demands remained limited, the market avenue also remained confined. Suppliers increased the prices as the earlier rates became unsustainable with growing upstream cost pressures.

North America

The American sodium silicate market mimicked its European equivalent during the said period of Q1 of 2024. The price graph was largely mixed; industrial activities were suffering because of regional and global political and economic uncertainties. Other consuming industries did not respond in a very favorable manner to these changes. Heightening freight costs was another factor troubling the suppliers. Price trends had occasional increments and likewise declines, with upstream factors pushing the costs up for the most part and the downstream factors pulling the prices down for the most part.

Analyst Insight

According to Procurement Resource, Sodium Silicate price trends are likely to remain oscillating in the coming months. The inventories are well capable of supporting whatever limited queries are coming forward.

Sodium Silicate Price Trend for the October - December of 2023

Asia

The Asian Sodium Silicate market was observed to be oscillating during the quarter ending in December of 2023. The most important applications of sodium silicate come from the construction and paper industry, where it is used as a binder and adhesive; both of these sectors didn’t perform very well during the said period, which eventually impacted the demand outlook for sodium silicate during the same period.

Since the market offtakes incurred dips, the prices of sodium silicate also experienced depreciating fluctuations. Both Indian and Chinese markets were observed to be teetering in a similar manner. Overall, mixed market sentiments were observed.

Europe

The European sodium silicate market mimicked the Asian market trend during the said period of Q4’23. The cutdown in international trade had put pressure on domestic consumption to sustain the market’s momentum, and that predictably fell short in front of the stocks lying in the inventories. Hence, the market momentum shifted, and the price trend were observed to be dwelling more on the lower side of the curve.

North America

The American market trend for sodium silicate were not much different from its Asian and European counterparts as the prices followed a similar fluctuating trajectory here as well. Dull demands and freight disturbances caused the markets to exhibit negative price patterns.

Analyst Insight

According to Procurement Resource, the Sodium Silicate price trend are likely to remain wavering in a similar manner in the coming quarter, given the uncertain demands and pricing fundamentals amid the current macroeconomic indicators.

Sodium Silicate Price Trend for the July-September of 2023

Asia

The sodium silicate price trend in the third quarter of 2023 were dictated by the falling interest of the consumers and the decline in the rates of procurement by the downstream industries. In Asian countries, the market dynamics of the construction, cement, and ceramic sector fell in view of adverse weather conditions which in turn resulted in a substantial fall in the number of new orders of sodium silicate from overseas players. Additionally, the supply chains worked efficiently and only resulted in the rise in the stockpiles that led to the downfall of the sodium silicate prices graph.

Europe

In European countries, the construction sector failed to make a recovery in the third quarter of 2023, well resulted in the reduction in the acquisition of sodium silicate by the consumer sector. This deteriorating trend of the sodium silicate price graph was put to a halt by the ineffective functioning of the supply chains towards the end of the quarter. This helped the sodium silicate market momentum to get back on track, and gradually the demand dynamics of sodium silicate also started to improve slowly, supporting the sodium silicate price trend.

North America

In North America, sodium silicate prices faced a significant decline in the third quarter of 2023. The notable fall in the number of new orders and lack of positive trading activities also exerted a negative effect on sodium silicate prices. The region, in addition to the persistent trade problems, also faced excessive pressure of inflation and sliding economic conditions.

Analyst Insight

According to Procurement Resource, the price trend of Sodium Silicate are estimated to decline in the upcoming months. The coming quarters are likely to face adverse consequences of poor demand and falling trade activities.

Sodium Silicate Price Trend for the First Half of 2023

Asia

Traders from major countries in Asia saw an upsurge in the demand for sodium silicate in the first quarter of 2023. The Asia Pacific market was on track to regain its momentum after a long stretch of the lunar holiday season and covid. Amid the rising demand, especially from the construction industries, the supply chains remained under pressure in this quarter.

But this demand from downstream industries failed to maintain its consistency in the second quarter, and as a result, the price trend of sodium silicate dipped. In addition to this, the influx of material from the international markets and strong domestic production activities led to a rise in the level of inventories, which further negatively impacted the price trend of sodium silicate.

Europe

The price trend of sodium silicate fell consistently in the first and second quarters of 2023 due to the feeble movement of the construction sector. The depreciating market conditions restricted the growth of the sodium silicate market in Europe, and as a result, the traders witnessed a dip in the number of new orders in 2023. The ongoing Russia-Ukraine crises and sliding trade activities further hampered the growth of the sodium silicate market and eventually led to a fall in the prices of sodium silicate.

North America

In North America, the sodium silicate faced southwards throughout the first and second quarters of 2023. With muted demand from the end-user industries, hikes in interest rates, and low availability of labor, the market of sodium silicate struggled. Additionally, the pressure of inflation caused by the failure of two major US banks lowered the purchasing potential of buyers. The delays in production and falling economic activities kept the price trend of sodium silicate in the negative zone.

Analyst Insight

According to Procurement Resource, the price trend of sodium silicate is estimated to depict negative growth as the end-user industries are experiencing weak momentum.

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