Sodium Sulfide Price Trend and Forecast

Sodium Sulfide Regional Price Overview

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

Sodium Sulfide Price Trend for the Year 2024

Asia

The Asian Sodium Sulfide market displayed considerable volatility in 2024. In India, Q1 began with lower prices due to cheaper imports from China and high domestic inventory levels. Prices strengthened in Q2, driven by robust demand from water treatment, textiles, and cleaning sectors, alongside increased feedstock prices and supply chain constraints.
 

Sodium Sulfide Price Chart

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Q3 experienced initial price increases followed by declines in the latter half, influenced by plant shutdowns in Thailand and China due to typhoons and weak demand from downstream industries. The fourth quarter showed dynamic pricing with initial declines but steady growth by December, supported by winter-season demand from municipal water treatment facilities and industrial cleaning sectors, reflecting strong urbanization and industrialization trends.

Europe

In Europe, Sodium Sulfide prices followed an oscillating pattern throughout 2024. The first quarter showed relatively stable prices with slight increases in Germany, supported by steady demand from detergent and paper industries. Q2 witnessed a significant upward trend driven by increased restocking activities ahead of the European holiday season and higher production costs from rising natural gas prices.

Supply chain disruptions in the Red Sea further tightened vessel capacity and elevated freight rates. The market cooled in Q3 as high inventories and weak downstream demand pushed prices downward. By Q4, prices initially declined due to weak overall market conditions but rebounded in December as seasonal demand from the detergent and cleaning industries surged during the winter months.

North America

In North America, the Sodium Sulfide market experienced fluctuating prices throughout 2024. The year began with a downward trend in Q1 due to oversupply and weakened downstream demand. However, prices stabilized and gradually increased during Q2, driven by improved industrial activities and strategic restocking ahead of the holiday season. Q3 saw mixed trends, with initial increases followed by declines as excess inventories and weak consumer spending created bearish market sentiment. By Q4, the market showed renewed strength, particularly in the water treatment and detergent sectors, with seasonal demand pushing prices upward despite logistical challenges and high shipping costs.

Analyst Insight

According to Procurement Resource, the Sodium Sulfide market is expected to maintain a cautiously optimistic trajectory in 2025, with growth driven by expanding water treatment applications and increasing industrial cleaning requirements.
 

Sodium Sulfide Price Trend for the Second Half of 2023

Asia

The Asian sodium sulfide market experienced a downward trend in Q3’23. Producers adjusted price quotations downward due to weak demand from leather processing, mining, and pulp industries. The slow economic recovery negatively impacted procurement rates across the region. By Q4, the market showed mixed performance with slight improvement in India due to increasing manufacturing activities. However, a major chemical manufacturer's decision to reduce sodium sulfide production created uncertainty in the supply chain, affecting regional pricing dynamics.

Europe

The European sodium sulfide market followed an inclining trajectory in H2’23. Prices rose as end-user industries maintained steady demand while production costs increased due to high energy prices. The upward trend continued into Q4, driven by consistent demand from textile processing and leather tanning sectors. Though manufacturing activities showed slight recovery in key markets, economic conditions, particularly inflation rates, continued to influence market behaviour.

North America

The North American sodium sulfide market displayed varied trends in H2’23. Initially, consumers hesitated to place bulk orders due to economic uncertainty. As Q3 progressed, downstream industries regained momentum, boosting market sentiment. Supply chain disruptions and rising natural gas prices supported price increases. By Q4, the market maintained steady growth with balanced supply-demand dynamics, though energy price fluctuations continued to affect production costs.

Analyst Insight

According to Procurement Resource, the global Sodium Sulfide market is expected to show regional variations in early 2024, with potential stabilization dependent on energy costs and industrial demand recovery from key downstream sectors.
 

Sodium Sulfide Price Trend for the First Half of 2023

Asia

Sodium sulfide is obtained from the carbothermic reduction of sodium sulfate using coal and thus derives its price trend. In the initial months of the first quarter, the prices suffered from poor demand from the end-user industries.

However, in the second half of this quarter, due to strict restrictions of OPEC+, the supply chains got disrupted while the cost of production rose, positively supporting the price trend of sodium sulfide. The second quarter, however, followed a downward trend due to the weak economic condition of the Asia-Pacific countries.

Europe

The sodium sulfide market in the first quarter enjoyed strong demand from the paper and detergents sector, which led to a rise in the price trend of sodium sulfide. The supply in the region, on the other hand, failed to match the demand and further supported the rise in the prices.

In the second quarter of 2023, however, the prices of sodium sulfide were hampered by the weak demand from the downstream industries, especially from the detergents and paper & pulp industries. In addition to this, the feedstock market also failed to support the growth in the sodium sulfide market.

North America

The North American market of sodium sulfide inclined in the first quarter with the support from the rising levels of sales. The inventories were also not sufficient as compared to the demand, and thus, the prices of sodium sulfide rose significantly. The second quarter failed to carry through the same momentum, but the trend did not decline.

There were some instances of weak demand from the downstream industries, and the number of inquiries from the downstream industries was also limited. However, the rates of consumption and overall market dynamics of sodium sulfide were stable, which helped its price trend to remain afloat.

Analyst Insight

According to Procurement Resource, the price trend of Sodium sulfide is expected to witness a volatile trend as the demand from the downstream industries and the situation of the global economy is uncertain.

Procurement Resource provides latest prices of Sodium Sulfide. 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.