Product
Sodium Monochloro Acetate (SMCA) Price Trend and Forecast
Sodium Monochloro Acetate (SMCA) Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Sodium Monochloro Acetate (SMCA) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Sodium Monochloroacetate Price Trend for the Second Half of 2022
Asia
The prices of sodium monochloroacetate (SMCA) plunged as the demand from the domestic sector fell significantly. The fall in feedstock prices, uncertainties in the agrochemical industries, and rise in inventories led to the decline in the price trends for Sodium monochloro acetate. The prices were further affected by the weak economic conditions, disruption of the supply-demand equilibrium, and the after-effects of covid restrictions and zero covid policy adopted by China. The market, owing to the rise in inventories and declining demand along with several other factors, failed to gain the required momentum. Thus, the price trend of Sodium monochloro acetate dipped.
Europe
The price trend for sodium monochloroacetate was opposite to that observed in the Asia Pacific region. The price trend was able to secure momentum from previous quarters. The region witnessed a variety of events that affected the prices of the commodity. First, the inclining rates of energy production and second, the rise in inflation in the region were the forerunners in driving the sodium monochloroacetate prices. However, the prices fluctuated a little in the fourth quarter. This mixed trend was attributed to the disruptions in the supply chain due to port congestion activities, a decline in freight costs, and weak demand from agrochemical, dyes, and other end-user industries.
North America
The North American region fell victim to the aftershocks of the prolonged fluctuating market and rising inflation in the region. The prices were somewhat stable during the initial months of the third quarter but soon fell due to weak demand from the downstream derivative market and rising uncertainties in the agrochemical and other related industries. This unsettling trend was not only limited to the domestic market but also showed signs of international demand dynamics. In addition to this, the prices of raw materials plummeted, and the supply chains remained disrupted throughout the third and fourth quarters of 2022, negatively impacting the price trends for sodium monochloroacetate.
Analyst Insight
According to Procurement Resource, the price trends for sodium monochloroacetate (SMCA) will likely fluctuate in the upcoming quarter. The fluctuation in the prices will be due to rising market uncertainties, sea-saw demand from end-user industries, and unsteady cost pressure from the feedstock materials.
Sodium Monochloro Acetate (SMCA) Price Trend For the First Half of 2022
Asia
The price of feedstock monochloroacetic acid and caustic soda surged throughout China during the first quarter. The soaring crude oil prices, reduced operating rates, lowered inventories, and raised feedstock costs caused the prices of SCMA to surge rapidly. The robust demand from the downstream sectors coupled with low production volumes caused the price trends of SCMA to incline.
The feedstock monochloroacetic acid price averaged 1443 USD/MT in the Chinese domestic market. With high-cost inflation and expensive trade logistics, the market demand started dwindling. The baulking of buyers amid the looming threat of recession negatively impacted the prices of feedstocks. The prices of monochloroacetic acid averaged 995 USD/MT while that of caustic soda averaged 1208.1 RMB/MT during the end of said period.
Europe
The prices of sodium monochloroacetate ( SMCA) fluctuated across the European region during the said period. Initially despite the rising operating costs and supply disruptions from the Black Sea and Baltic Sea the costs of feedstock monochloroacetic acid kept stable owing to low demands from downstream.
However, with high-cost inflation and renewed demands the producers raised the quotations for SCMA to maintain profitability. The price of monochloroacetic acid averaged 2020 USD/MT. These inflated feedstock prices kept the price trends of SMCA anchored in the European market.
North America
The prices for SCMA kept firm throughout the US domestic market. The raised feedstock quotation coupled with high energy costs, complex logistics and labour shortages amid budding downstream demand cause the SMCA prices to surge consistently. The price of monochloroacetic acid averaged 1990 USD/MT while that of caustic soda averaged 810 USD/MT FOB US Gulf.
Procurement Resource provides latest prices of Sodium Monochloro Acetate (SMCA). 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.
About
Sodium Monochloro Acetate is a powdered white coloured solid. It is water soluble. It is used to synthesize drugs, colours, and herbicides. SMCA is used in the production of a number of beneficial substances, including medicines, dyes, agrochemicals, and thickening agents. The strong reactivity of the product's C-Cl bond is utilised in the majority of reactions.
It is widely utilised as a thickening agent in detergents, oil drilling, paper, food, and pharmaceutical applications; in the production of agrochemicals like insecticides (such as dimethoates) and herbicides (such as 2,4-D and MCPA); and as a starting point for betaines. The creation of vitamins, artificial caffeine, malonates, and glycine are further applications.
Product Details
| Report Features | Details |
| Product Name | Sodium Monochloro Acetate (SMCA) |
| HS CODE | 29154010 |
| CAS Number | 3926-62-3 |
| Industrial Uses | Production of weed killers, dyes and pharmaceuticals Used as surface active and odour agent |
| Chemical Formula | C2H3ClO2Na |
| Molecular Weight | 116.48g/mol |
| Supplier Database | Akzo Nobel N.V, Daicel Corporation, Dow DuPont, Niacet Corporation, INEOS Salts |
| 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.
Production Processes
- Production of SMCA from Molten Monochloroacetic Acid (MCA)
In this procedure, molten monochloroacetic acid (MCA) and a 50% caustic soda solution is sprayed into a spray dryer to obtain SMCA.
Methodology
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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