Potassium Sulfite Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Potassium Sulfite in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Potassium Sulfite Price Trend for Q1 of 2024
Potassium sulfite prices were found to be fluctuating throughout the first quarter of the year 2024. The market trend was closely linked with the fluctuations in the feedstock potassium hydroxide and sulphurous oxide markets. The market-driving factors provided both upward and downward pushes to the prices. However, the reduced demand from the chemical, industrial, and pharmaceutical sectors kept the downstream sector at bay.
Potassium Sulfite Price Chart
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In Asia, notably China and India, domestic consumption was sustaining the potassium sulfite market because international trade was struggling throughout the said time period. Therefore, the domestic inventories were facing a little burden with consistently accumulating stocks. This was influenced by geopolitical uncertainties affecting global trade.
Further, the upswing in production costs was influenced by the surge in crude oil and energy prices. Raw material costs too spurred up momentarily in the Asian markets. Therefore, the price trajectory was also very mixed here. These market scenarios also affected potassium sulfite prices in Europe as well. Amidst the ongoing geopolitical scuffles, the trade between Asia and Europe, which is primarily facilitated through the Suez Canal saw a significant decline. Overall, a varying price pattern was observed for potassium sulfite during the given span of Q1’24.
Analyst Insight
According to Procurement Resource, the Potassium Sulfite prices are expected to continue oscillating in a similar manner going forward; an overall mixed market performance is expected.
Procurement Resource provides latest prices of Potassium 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.
Potassium sulfite (K2SO3) is a chemical compound widely used in various industries for its antioxidant and preservative properties. It plays a critical role in wine making to prevent oxidation and preserve flavor, while in photography, it helps protect and stabilize images during processing. Additionally, potassium sulfite is utilized in the textile and paper industries as a bleaching agent and in water treatment to remove chlorine. It also serves as a food preservative, helping to maintain color and prevent spoilage.
Report Features | Details |
Product Name | Potassium Sulfite |
Chemical Formula | K2O3S |
Industrial Uses | Wine Making, Photographic Processing, Textile Industry, Water Treatment, Food Preservation, Chemical Manufacturing, Paper Production |
Molecular Weight | 158.260 g/mol |
CAS number | 10117-38-1 |
Supplier Database | BASF, Alfa Chemistry, Apollo Scientific, Advance Scientific & Chemical, City Chemical, 3B Scientific, Nacalai Tesque, Pfaltz & Bauer, Kanto Chemical, Wako Pure Chemical Industries, Energy Chemical, Beijing Ouhe Technology |
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 preparation of potassium sulfite is initiated by the reactions between sulfurous acid and potassium hydroxide solution. Initially, sulfur dioxide is reacted with water to form sulfurous acid, which serves as the sulfonating agent. Sulfurous acid is further reacted with aqueous potassium hydroxide solution that leads to the sulfonation of potassium hydroxide and produces potassium sulfite as the final product.
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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