Global Sodium Thiosulphate Prices online
North America
North American region displayed a significant dip in the Sodium Thiosulphate Prices during the fourth quarter of 2022. Due to China’s Golden Week celebrations, the import from China remained low, along with inquiries that supported the weaker market sentiments of downstream Sodium Thiosulphate. Stagnant production costs and falling prices for raw materials like sodium sulphide and sulphur helped to ease market uncertainty. Additionally, higher inventories among domestic merchants and steadfast demand for Sodium Thiosulphate from the downstream sectors in the United States supported the market sentiments throughout the final quarter.
Asia
The cost of Sodium Thiosulphate in the Asia Pacific region, primarily in China, demonstrated a dwindling trajectory throughout the final quarter of 2022 as a result of the weak demand from the downstream pharmaceutical sectors. During October, new export orders were at their “lowest level since August” owing to the continuous shrinkage of China’s manufacturing industry for Sodium Thiosulphate. Ease in trade disruption, along with ease in freight charges during November, also influenced the sentiments for Sodium Thiosulphate. Moreover, with declining demand, stockpiling of inventories among the market players, and the prices of Sodium Thiosulphate remained on the lower end till the end of 2022. During the month of December, the settlement price of Sodium Thiosulphate came down to USD 1648/MT CFR New York.
Europe
During the fourth quarter of 2022, the prices of Sodium Thiosulphate followed a similar pattern to that of Asia Pacific. During the month of December, the settlement price of Sodium Thiosulphate came down in Germany during November because of declining demand from the end-user pharmaceutical industry and rising inventories among the market players. Furthermore, the market’s uncertainties were eased by stagnant manufacturing costs and declining prices for raw ingredients like Sodium Sulphate Prices and sulphur. As inquiries from the downstream sector for Sodium Thiosulphate prices began to fall significantly in December, which was also supported by the nearing festival season and upcoming holidays. Additionally, the inventories, with market players’ however, remained larger, and their inquiries weaker during the Thanksgiving break.
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