Sodium Sulfite Price Trend and Forecast

Sodium Sulfite Regional Price Overview

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

Sodium Sulfite Price Trend for the Q1 of 2024

Asia

The sodium sulfite market in Asia experienced oscillation in its prices throughout the first quarter of 2024. In India, the market showed robust demand and performance, while the Chinese market faced underwhelming results. In India, the domestic market saw a steady rise in sodium sulfite prices from the beginning to the end of the first quarter of 2024, reflecting strong market conditions and a mighty recovery of its feedstock prices.
 

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On the other hand, in China, the sodium sulfite market saw a significant downturn, with prices steadily decreasing throughout the same period primarily due to the slowdown initiated by the onset of the Chinese New Year holidays and declining industrial activities.

Europe

In Europe, the sodium sulfite market mirrored the sluggish performance seen in China during the first quarter of 2024. The market saw a slight decline in the early part of the quarter, which became more pronounced as the quarter progressed. The manufacturing companies struggled with contracting profit margins, leading to increased pressure on stock and price buffers. Additionally, rising production and processing costs, coupled with increased transportation and shipping expenses, further complicated the market dynamics. Additionally, downstream demand remained highly unsatisfactory, forcing suppliers to lower prices to maintain product movement.

North America

In North America, the sodium sulfite market exhibited similar trends to those in European and Asian countries during the first quarter of 2024. The market's performance was lackluster, with chemical companies experiencing a significant drop in revenues. The export markets suffered due to adverse freight and shipping conditions, particularly issues in the Red Sea region.

Domestic consumption alone could not sustain market size, and companies faced the dual challenge of declining demand and rising production costs. Despite the increased costs, companies were hesitant to raise selling prices, fearing a further dampening of consumer sentiment. Overall, the market performance remained muted throughout the period.

Analyst Insight

According to Procurement Resource, the price trend of Sodium sulfite is estimated to be defined by the oscillating trajectory of its feedstock soda ash and rising uncertainties in its demand from the downstream industries.

Procurement Resource provides latest prices of Sodium sulfite. 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.