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Sodium Sulfide Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Sodium Sulfide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Sodium Sulfide Price Trend for First Half of 2023
Sodium sulfide is obtained from the carbothermic reduction of sodium sulfate using coal and thus derives its price trend. In the initial months of the first quarter, the prices suffered from poor demand from the end-user industries.
However, in the second half of this quarter, due to strict restrictions of OPEC+, the supply chains got disrupted while the cost of production rose, positively supporting the price trend of sodium sulfide. The second quarter, however, followed a downward trend due to the weak economic condition of the Asia-Pacific countries.
The sodium sulfide market in the first quarter enjoyed strong demand from the paper and detergents sector, which led to a rise in the price trend of sodium sulfide. The supply in the region, on the other hand, failed to match the demand and further supported the rise in the prices.
In the second quarter of 2023, however, the prices of sodium sulfide were hampered by the weak demand from the downstream industries, especially from the detergents and paper & pulp industries. In addition to this, the feedstock market also failed to support the growth in the sodium sulfide market.
The North American market of sodium sulfide inclined in the first quarter with the support from the rising levels of sales. The inventories were also not sufficient as compared to the demand, and thus, the prices of sodium sulfide rose significantly. The second quarter failed to carry through the same momentum, but the trend did not decline.
There were some instances of weak demand from the downstream industries, and the number of inquiries from the downstream industries was also limited. However, the rates of consumption and overall market dynamics of sodium sulfide were stable, which helped its price trend to remain afloat.
According to Procurement Resource, the price trend of Sodium sulfide is expected to witness a volatile trend as the demand from the downstream industries and the situation of the global economy is uncertain.
Procurement Resource provides latest prices of Sodium Sulfide. 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.
Sodium sulfide is a faint yellow crystalline, pungent-smelling solid that has high solubility in water. In industrial chemical processes, it acts as a reducing agent. This property of sodium sulfide is exploited in the paper and pulp industries as it aids in the degradation of wood into pulp. In the mining sector, it helps in the extraction of metal from their ores. It is also a central compound in the leather industry, where it is used in processing and, along with this, is also employed in wastewater treatment and textile industries.
|Pulp and paper, Textile, Wastewater treatment, Leather processing, Miningv
|Solvay, American Elements, Tessenderlo Group, Tokyo Chemical Industry, Emco Dyestuff Pvt Ltd, Innova Priority Solutions, PVS Chemicals, Shaanxi Fuhua Trading Co Ltd
|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
|US$ (Data can also be provided in local currency)
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In the redox method of production of sodium sulfide, sodium sulfate undergoes a reduction in the presence of coal or any other carbonaceous material at very high temperatures. This reaction results in the formation of sodium sulfide as the main product and carbon dioxide as the side product.
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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Phone:+1 307 363 1045
Phone: +91 1203185500
Phone: +44 7537 132103