| Product |
Category |
Region |
Price |
Last Updated Month |
| Sodium Erythorbate |
Chemicals |
USA |
2217 USD/MT |
January’24 |
| Sodium Erythorbate |
Chemicals |
USA |
2202 USD/MT |
March’24 |
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Sodium erythorbate markets were majorly bleak during the said period of Q1’24. The monthly average prices in the US market went from about 2217 USD/MT (CFR) in January’24 to around 2202 USD/MT (CFR) in March’24. Sodium erythorbate is primarily used as a preservative in the food, pharma, and cosmetic industries. Thereby, the demands from these sectors influence the market dynamics for sodium erythorbate immensely.
During the said period of Q1’24, the prices were found to be wavering low for the most part. The carryover inventory volumes from the previous year were also high, which pushed the price trajectory further down. Even though there were occasional ups and downs, the overall market performance was still very limited as prices wavered within very narrow limits throughout.