Sodium Bisulfate Price Trend and Forecast

Regional Price Overview

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

Sodium Bisulfate Price Trend for First Half of 2023

Asia

The first quarter enjoyed the positive outcomes of increasing demand for sodium bisulfate, which was well indicated in its price trend. In addition to the rise in demand, the domestic production rates slipped due to the shutdown of several manufacturing plants during the spring festival season. The trading activities in the region also inclined along with the cost of upstream raw materials.

Sodium Bisulfate Price Chart

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The second quarter, however, struggled with the downfall in domestic and overseas procurement rates. In the initial phase, high export rates, inventory restocking activities, and high consumption of food and beverage sectors supported the price trend of sodium bisulfate. However, during the later phase of this quarter, the number of inquiries from the downstream industries declined. The uncertain trade sentiments and economic crises further accelerated the downward trajectory of sodium bisulfate prices.

Europe

The cost of freight declined in the first quarter of 2023, but that did not interfere with the inclining journey of sodium bisulfate prices in the first quarter. In this quarter, the overall trading sentiments also remained balanced as the supply and demand of sodium bisulfate complemented each other. In the second quarter, the production expenses and energy costs skyrocketed.

The demand scenario was also stable as the domestic players supported the market trend of sodium bisulfate. However, towards the end of this quarter, the prices fell due to the high availability of stocks and lack of interest in end-user industries.
 
North America

In North America, the demand for sodium bisulfate was well catered by the existing level of inventories in the first quarter of 2023. However, in the second quarter, the supply and demand faced severe fluctuations. During the initial phase of this quarter, the existing inventories were not sufficient to match the demand from the domestic and overseas industries, which somehow helped the price trend of sodium bisulfate to stabilize. However, the consumers were hesitant to place large orders, and even the related industries reduced their rates of consumption in the latter half, which pushed the price trend of sodium bisulfate in the negative direction.

Analyst Insight

According to Procurement Resource, the price trend of Sodium Bisulfate is expected to struggle due to the poor demand and increasing cost of production.

Procurement Resource provides latest prices of Sodium Bisulfate. 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.