Sodium Chlorate Price Trend and Forecast

Sodium Chlorate 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 Trend for the Q4 of 2024

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Asia

In the fourth quarter of 2024, the sodium chlorate market in Asia experienced a decline in prices, with some regional variations. However, the overall trend remained downward, primarily driven by falling costs of key raw materials such as soda ash. Additionally, sluggish demand from essential downstream industries, particularly the pulp and paper sector, further intensified the pressure on prices.
 

Sodium Chlorate Price Chart

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Towards the end of the quarter, industrial activity slowed, and adequate supply levels in the region prevented any significant price recovery. Market participants remained cautious, anticipating further price declines. Overall, weak demand throughout the quarter, coupled with decreasing raw material costs, reinforced the downward trajectory of sodium chlorate prices.

Europe

The European sodium chlorate market followed a declining trend in the fourth quarter of 2024, mirroring global market movements. Throughout the quarter, procurement activity remained subdued, while the pulp and paper sector, a key consumer of sodium chlorate, exhibited cautious demand patterns.

Seasonal factors, such as reduced industrial production towards the end of the year, further contributed to the decline in market activity. Due to weak demand, European manufacturers faced challenges in passing on cost reductions to downstream markets. As a result, sodium chlorate prices continued to decline, reflecting the overall bearish market sentiment.

North America

The North American sodium chlorate market followed global trends during the last quarter of 2024. Prices stood at approximately 780 USD/MT (FOB) in October and declined to around 760 USD/MT in December. This downward movement was primarily driven by lower feedstock prices and seasonal slowdowns. Although the pulp and paper industry in North America maintained relatively stable demand, it was insufficient to counterbalance the overall market decline.

The seasonal slowdown and reduced industrial activity, particularly in the last two months of the quarter, further dampened demand and limited trading activity. Additionally, steady regional supply levels contributed to the persistent price decline.

Analyst Insight

According to Procurement Resource, sodium chlorate prices are expected to improve in the near future after remaining subdued for most of this quarter, primarily influenced by the improvements in feedstock prices.
 

Sodium Chlorate Price Trend For the Q3 of 2024

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Asia

Sodium chlorate prices in Asia followed an oscillating yet inclining trajectory during Q3 2024. Supply shortages amid high demands from downstream sectors such as pulp and paper, mining, and water treatment supported this upward trend.

The increasing environmental regulations in China, a major producer, contributed to supply tightness, further supporting the price surge in the region.

Europe

The European sodium chlorate market exhibited an upward trend in Q3 2024. Strong demand from pulp and paper industries, coupled with limited production capacities and rising energy costs, contributed to tighter market conditions and increased prices. The ongoing transition towards chlorine-free bleaching processes in some sectors paradoxically increased short-term demand for sodium chlorate, as industries stockpiled before potential phase-outs.

North America

In the USA, sodium chlorate trend, showed a decline in July and August before rebounding in September. Prices averaged around 770 USD/MT FOB) in September’24. The temporary dip was attributed to increased domestic production and a brief drop in demand from the paper industry, but September saw renewed interest from other downstream sectors, thereby supporting the rising prices.

Analyst Insight

According to Procurement Resource, the prices of Sodium Chlorate are expected to maintain their overall upward momentum in the coming months. The growing emphasis on water treatment applications and the steady demand from the paper industry are expected to be key drivers.
 

Sodium Chlorate Price Trend for the Q2 of 2024

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Asia

With the growing geopolitical tensions, the concept of friend shoring emerged in the global trade dynamics. This led to a period of changes and evolution in international trade relationships. This especially heavily impacted the major exporting countries like China as this transformation, along with the logistical difficulties, led to the accumulation of local inventories in Asian countries.

The increased inventory pressure pushed the sodium chlorate prices down in the Asian region as demand was quite bleak. Overall, buoyancy was observed in the Asian sodium chlorate markets.

Europe

The sodium chlorate price trajectory oscillated during the second quarter of the year 2024. The quarter had a firm start attributed to the upstream challenges pertaining to growing logistical costs. However, as the domestic routes regularized and the downstream demands from the leather and bleaching sectors declined, the prices took a southward turn in the European market. The market stakeholders remained resilient despite the demand loss as the cautious procurement made the market flexible. Overall, a fluctuating pricing outlook was observed for sodium chlorate in the European markets during Q2’24.

North America

The price trajectory for sodium chlorate was no different in the American market than in the Asian and European markets. The supply and demand equation was largely balanced throughout the said span. The confinement in the American market was visible in the variation of the monthly average prices of sodium chlorate. In the US market, the average FOB prices stood at around 776 USD/MT in April’24. After wavering slightly, the prices dipped to about 770 USD/MT in June’24. Overall, a generally balanced outlook was witnessed for sodium chlorate in the USA during the second quarter of 2024.

Analyst Insight

According to Procurement Resource, given the current stagnancy in the global Sodium Chlorate markets, the prices are expected to continue exhibiting stability in the coming months as well.
 

Sodium Chlorate Price Trend for the Q1 of 2024

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Asia

The market behavior of sodium chlorate is usually dependent on the price trajectory of its feedstock material, sodium chloride, along with the downstream demands from the consuming sectors. In the Asian markets, particularly China, the prices observed a dwindling trajectory.

The first half of the quarter exuded some borderline stability as the supply and demand outlooks were still somewhat comparable. However, tepid industrial and economic recovery in the country showed its effect very quickly. Sodium chlorate prices started plummeting in the Indian market as well. In the wake of weakening demands, India reduced its imports from Russia. According to some estimates, Russian exports to India decreased by some 37% within the discussed quarter.

Europe

In the European sodium chlorate market, the prices observed a sliding trend for the most period of Q1’24. Amidst the rising global uncertainties with the stretching Russia and Ukraine war, domestic sodium chlorate consumption remained highly subdued in the European markets. Rising energy and manufacturing costs were also weighing down the manufacturers’ sentiments. Despite a surge in crude oil and manufacturing prices, they could not raise the prices as the lackluster demands did not give any chance to improve the prices.

North America

The American sodium chlorate market also mimicked its Asian and European counterparts during the said period of Q1 of 2024. In the US market, the sodium chlorate prices went from about 793 USD/MT in January’24 to about 774 USD/MT in March’24. This imparted a 2% decline in the American sodium chlorate price trends. Bleaching and tanning industries were able to work well with the existing stocks of sodium chlorate since the industries procured their required quantities in advance.

Other consuming industries also did not respond in a very favorable manner to these changes. Heightening freight costs was another factor troubling the suppliers. Overall, weak market sentiments were observed for sodium chlorate during the first three months of 2024.

Analyst Insight

According to Procurement Resource, Sodium Chlorate price trends are likely to remain dull for some time in the coming months. The inventories are well capable of supporting the current feeble demands posed by the consumers.
 

Sodium Chlorate Price Trend for October - December of 2023

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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.

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.