Sodium Sulfite Price Trend and Forecast
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.
Sodium Sulfite Price Chart
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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.
Sodium sulfite is a white, crystalline solid widely used in the food and beverages sector. The compound is known for its reducing and preservative properties. In water treatment industries, it acts as an oxygen scavenger which also aids in the prevention of corrosion. In the photographic sector, it is added to the developer solutions in order to extend their shelf life. Additionally, in the paper and pulp industry, sodium sulfite is used for bleaching, in the textile sector for the removal of dyes, and in pharmaceutical industries as an oxidant.
Report Features | Details |
Product Name | Sodium Sulfite |
Chemical Formula | Na2SO3 |
Industrial Uses | Food and Beverage Industry, Water Treatment, Paper and Pulp Industry, Textile Industry, Chemical Manufacturing, Gas Purification |
Molecular Weight | 126 g/mol |
CAS No. | 7775-83-7 |
HS Code | 283210 |
Supplier Database | Lenzing AG, TCI Chemicals, Atul Limited, Nippon Chemical Industrial Co, Borden & Remington Corp, The Aditya Birla Group |
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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