The impact of Russia's invasion of Ukraine and subsequent global trade sanctions on the prices of the energy and materials used in Draslovka Holdings A.S, a Czech based chemical company, production processes such as natural gas and ammonia has nearly tripled sodium cyanide production costs in Europe in 2022. This rise, which has been exacerbated by rising shipping costs, has rendered the production of the chemical temporarily uneconomical at current spot prices.
Procurement Resource provides latest prices of Sodium Cyanide. 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.
Procurement Resource provides prices of Sodium Cyanide for several regions around the globe, which are as follows:
About Sodium Cyanide:
Sodium cyanide is an inorganic compound that has a white appearance and is a water-soluble solid. Because of the chemical's high affinity for metals, this salt is extremely toxic. Its primary applications include gold mining, which takes advantage of its high reactivity to metals. It has a moderately strong foundation. When exposed to acid, it can produce the toxic gas hydrogen cyanide.
In the process using hydrogen cyanide and caustic soda, sodium cyanide is produced by reacting liquid anhydrous hydrogen cyanide with a sodium hydroxide solution. The finished product is a 30% wt solution of sodium cyanide.
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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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