Sodium Chlorate Price Trend and Forecast

Regional Price Overview

Get comprehensive insights into the Sodium Chlorate market, with a focused analysis of the Sodium Chlorate price trend across Asia, Europe, North America, Latin America, and the Middle East & Africa.

Sodium Chlorate Price Index

Commodity Sector Region Price Time Period
Sodium Chlorate Chemicals USA 845 USD/MT Dec-2023


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Sodium Chlorate Price Trend for October-December of 2023

Asia

In the fourth quarter of 2023, the sodium chlorate prices significantly witnessed a shuddering trajectory throughout the Asian market. The sodium chlorate market experienced a gradual yet noticeable recovery in prices towards the end of the quarter. This was primarily due to a realignment of the supply chain with the stabilized demand. The earlier parts of the quarter saw continued effects of high inventory levels and modest demand, but as the quarter progressed, industries, especially in the paper and pulp sector, witnessed an increase in activity. This led to a slightly increased demand for Sodium Chlorate, contributing to the upward movement in prices. The recovery, while significant, was cautious, reflecting the ongoing adjustments in the global supply chain and market dynamics.

Sodium Chlorate Price Chart

Sodium Chlorate Price Trends and Forecast


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Europe

The sodium chlorate price trend demonstrated signs of stabilization after a period of fluctuation in the fourth quarter of 2023. The market started the quarter with continued low prices due to the overhang of high inventories and strategic procurement practices from the previous quarters. However, towards the end of the quarter, there was a slight uptick in manufacturing activities, and a renewed interest in strategic stockpiling, which helped in creating a more balanced demand-supply scenario. This led to a moderate increase in Sodium Chlorate prices, indicating a potential gradual return to a more robust market condition.

North America

In North America, the Sodium Chlorate price trend in the fourth quarter of 2023 continued to exhibit a trend of gradual recovery. The market was initially affected by logistical challenges and a surplus in inventory. However, as the quarter progressed, there was a noticeable improvement in the market dynamics. The demand from key industries like water treatment and textiles started to pick up, helping to reduce the inventory surplus. This demand resurgence helped in stabilizing the prices and moving them towards a more positive trajectory, albeit at a cautious pace. The soda ash prices averaged around 845 USD/MT (FOB, USA) in December’23.

Analyst Insight

According to Procurement Resource, the global price trend for sodium chlorate is weak at the outset of 2024. However, the prices could see a slight optimism as the months go by, starting from February.

Sodium Chlorate Price Trend for the July - September of 2023

Asia

The Sodium chlorate prices witnessed a steep decline throughout the said period of the third quarter of the year 2023. The quarter started with already overburdened inventories since a dull industrial run of the previous months couldn’t utilize many Sodium Chlorate stocks; this product excess compelled the suppliers to cut down on market prices in order to sustain regular market momentum.

To add to the pressure, the market offtakes also didn’t pick up during the said time since the bleach and dye-producing companies had already procured the required quantities of sodium chlorate. Along with the feeble demands and overflowing inventories, the receding feedstock sodium chloride prices also contributed to the slumping price patterns of Sodium chlorinate during the said time period. Overall, low swinging price trend were witnessed for Sodium Chlorate throughout the given span.

Europe

The European sodium chlorate market behaved in a completely opposite manner to the Asian market, as the sodium chlorate price index in Europe consistently registered rising numbers. A long slump in the previous quarters because of the economic turmoil caused by the Russian war had created a void in the sodium chlorate market. This started filling up slightly during the given period as the market registered growing demands. Overall, a positive market outlook was witnessed.

North America

The American sodium chlorate market exhibited a blended price trend during the said period. The market had a strong start at the beginning of the quarter in July, which continued till the middle of August; however, from then on, the overflowing inventories started dominating as the prices started falling since the demand curve plateaued after a certain point. A mixed market outlook was witnessed.

Analyst Insight

According to Procurement Resource, the Sodium Chlorate market is likely to continue wavering in a similar manner going forward as well. The demands from consumption sectors will continue to drive these price trend.

Sodium Chlorate Price Trend for the First Half of 2023

Asia

Initially, in the first quarter, the price trend of sodium chlorate inclined owing to the stable equilibrium of supply-demand market dynamics. But soon, a drastic decline in the trend was caused by the high overflow of inventory levels even when the demand from the detergents and paper industries was strong. However, the situation improved in the second quarter as the prices of sodium chlorate moved towards a stable trend.

The demand from downstream industries remained strong till May, which reduced the level of stockpiles. In June, the price trend of sodium chlorate was challenged by the weak rates of production and low support from the feedstock materials.

Europe

In European nations, the price trend of sodium chlorate showed signs of improvement in the first quarter of 2023. The number of new orders from the detergents and paper industries supported the growth of the sodium chlorate price trend. The level of inventories in this quarter was also low, which further led to the positive movement of sodium chlorate prices. This trend continued in the second quarter too.

The inclining demand and strong market momentum helped the sodium chlorate market to incline. In addition to this, the rise in the cost of feedstock materials also led to the positive movement of the prices of sodium chlorate.

North America

In North America, the sodium chlorate market spiked rapidly with the demand from the detergents and paper industries, while the supply chains remained restricted throughout the quarter. In the second quarter, there was a slight glitch in the month of May, but majorly, the price trend of sodium chlorate remained afloat. In April, the incline was major as the overall market activities had a positive impact on the price trend. After the slump in May, the trend improved again and remained bullish overall.

Analyst Insight

According to Procurement Resource, the price trend of Sodium Chlorate is estimated to depict an inclining trajectory with consistent demand from the downstream industries and positive sentiments shown by the feedstock materials.

Procurement Resource provides latest prices of Sodium Chlorate. 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.

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About

Sodium chlorate has the appearance of a white crystalline powder that is easily miscible in water. It is naturally hygroscopic. Sodium chlorate is available in the form of dust, spray, and granules. It decomposes at temperatures above 300°C, releasing oxygen and leaving sodium chloride behind. It is widely produced, particularly for use in bleaching pulp to produce high-brightness paper.

Product Details

Report Features Details
Product Name Sodium Chlorate
Industrial Uses Pulp and Bleaching Industry, Chlorates of Other Metals, Leather Tanning, Dyes
Chemical Formula NaClO3
Synonyms Sodium chlorate(V)
Molecular Weight 106.44 g mol−1
Supplier Database Eka Chemicals, Erco Worldwide, Canexus, Kemira Oyj, China First Chemical Holdings Limited
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


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Production Processes

  • Sodium Chlorate Production from Sodium Chloride

A typical electrolysis procedure is used to produce sodium chlorate from sodium chloride. To remove contaminants, salt is first dissolved and then purified. The refined salt is dissolved in chlorate electrolyte and circulated through the electrolyte system. Prior to electrolysis, HCL is added to the electrolyte. When water is reduced on the cathodes and chloride ions are oxidised on the anodes, hydrogen gas is produced. To eliminate chlorine, the gas from the electrolytic cells and reactor tanks is washed with alkaline. The vacuum crystallizer discharges a sodium chlorate crystal slurry.

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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