STPP (Sodium Tripolyphosphate) Price Trend and Forecast

Regional Price Overview

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

STPP (Sodium Tripolyphosphate) Price Trend for the October - December of 2023

Asia

STPP or Sodium tripolyphosphate prices witnessed a wavering pattern during the last quarter of the year 2023. The versatility of the sodium tripolyphosphate’s household and industrial applications kept the markets afloat during the said period, otherwise, the upstream factors were not at all in favour of the said market trend. Sodium tripolyphosphate production involved extensive usage of both disodium phosphate and monosodium phosphate, and during the concerned period, both chemicals were witnessing a tumbling trend which also reflected in the sluggish nature of the sodium tripolyphosphate price trend.

STPP (Sodium Tripolyphosphate) Price Chart

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The downstream demands from the water softening, paper, and textile industries were regular, which could easily be catered by the existing inventory stocks; hence, suppliers cut down the prices to maintain the stock rotation. Overall, bearish market behavior was witnessed by sodium tripolyphosphate in the Asian region.

Europe

The European market behavior for sodium tripolyphosphate was in alliance with its Asian counterpart. Prices observed tepid movement as the feeble domestic offtakes drove these trend. The freight hindrances happening because of the Israel-Hams war negatively influenced the sodium tripolyphosphate market.

North America

The North American sodium tripolyphosphate market trend reflected the global slump in prices. Uncertainties around the offshore trade hampered the supplier’s confidence and impacted the market trend negatively. Overall, a dull market behavior was witnessed in Q4’23.

Analyst Insight

According to Procurement Resource, the Sodium Tripolyphosphate market projections do not look very positive for the coming months. The dull demand patterns are likely to sustain the same momentum for some time going forward.

STPP (Sodium Tripolyphosphate) Price Trend for the July-September of 2023

Asia

STPP or Sodium Tripolyphosphate, primarily consumed in the detergent, paper, food, and textile industries showed variations in its price trend throughout the said period of Q3’23. The first month of the quarter began on a very strong note as the downstream demands for sodium tripolyphosphate were high initially.

Noticing these high demands, the suppliers ordered more products and overstocked the inventories, anticipating higher returns. However, the market demands didn’t grow beyond a limit, and the regular supply influx created cost pressure for suppliers as it forced them to discount the market prices for sodium tripolyphosphate in order to sustain the market momentum. Thus, the latter half of the quarter was relatively duller than the former half of the quarter. Overall, mixed market trend were observed in Q3’23.

Europe

The European price trend for sodium tripolyphosphate were in total contrast with the Asian trend, as the prices here increased in the second half of the quarter after falling consistently in the first half. Since the European industries were still struggling to come out of the economic downturn induced by the Russian war, the initial demands for sodium tripolyphosphate were on the lower side. However, the market demands improved steadily in the second half of the quarter, and thus, the price trend fluctuated as per the market demands for the entire period of Q3’23.

North America

The North American sodium tripolyphosphate market also behaved in a similar manner as the Asian market since the prices first inclined and then declined here as well. The downstream demands primarily guided these trend along with the economic conditions in the region.

Analyst Insight

According to Procurement Resource, Sodium Tripolyphosphate prices are likely to fluctuate in the coming months since the uncertain market demands will continue to guide these price trend.

STPP Price Trend for the First Half of 2023

Asia

In the Asia-Pacific, the prices of STPP were affected by market activities of phosphoric acid, which serves as a feedstock in its production. The first quarter proved to be fruitful for the prices of STPP as the surge in the number of new orders from the downstream industries and the revival of market activities after a long duration of COVID and the Lunar New Year holidays supported the rising momentum of the STPP market.

In the initial phase of the second quarter, the trend suffered from the contraction of the spending habits of consumers and the adverse effects of global inflation. The prices, however, stabilized during the end phase of this quarter as the fertilizer industries moved positively, pushing the prices of STPP towards a northward trajectory.

Europe

The prices of STPP took on a bearish turn in the first and second quarters of 2023 as the high availability of the product and diminished demand led to a fall in the market sentiments of STPP, causing its prices to face southwards. In addition to this, the uneven trend in the cost of energy production, hike in prices of crude oil, and declining trend of freight charges further proved to be a problem for the STPP prices. In the second quarter, the supply chains in Germany also improved their efficiency, adding to the problem of oversupply and declining the price of STPP in the European countries.

North America

In North America, the prices of STPP declined continuously in the first and second quarters of 2023. The weak market sentiments were a direct result of low demand from the downstream sector of domestic and overseas buyers. Additionally, the output rates also contracted due to deterioration in operating conditions along with the rise in interest rates, causing the price trend of STPP to fall. During the second quarter, the decline was not as much as compared to the first quarter, and the market moved towards stability.

Analyst Insight

According to Procurement Resource, the price trend of STPP is estimated to follow a declining trajectory as the demand from the downstream industries does not seem to support the growth in STPP prices.

Procurement Resource provides latest prices of STPP (Sodium Tripolyphosphate). 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.