Get the latest insights on price movement and trends analysis of Sodium Thiosulfate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Sodium Thiosulfate Price Trends for the July-September of 2023
Sodium Thiosulfate trading behavior exhibited a close resemblance to the market trends of its feedstocks, sodium hydroxide, and sulphur. In Asian regional markets like India and China, the price trends for sodium thiosulfate were observed to be positive during the said period.
Apart from the positive cost support from feedstock commodities, the versatile usage of sodium thiosulfate as a reducing agent in the chemical and precious metal industry helped push up the demand spectrum. Hence, a healthy gap in the supply and demand dynamics of sodium thiosulfate led to a price rise during the discussed period.
The European market for sodium thiosulfate mostly fluctuated within a narrow range for the entire period of Q3’23. The market outlook was looking positive, but the feedstock prices could not anchor the sodium thiosulfate costs in the desired manner. Demands were regular, and the market trends for sodium thiosulfate remained afloat.
Following up the global trends, sodium thiosulfate prices fluctuated positively in the American market as well. The high rate of inflation, living costs, and high-interest rates were also the driving factors, and considerable demands from the consuming sectors also supported the wavering price graphs. Overall, positive market sentiments were observed.
According to Procurement Resource, Sodium Thiosulfate prices will continue to fluctuate according to the changes in supply and demand dynamics.
Sodium Thiosulfate Price Trends for First Half of 2023
The price trends of sodium thiosulfate was dependent on the feedstock materials. The market for feedstocks declined in the first quarter of 2023. The market was negatively impacted by the low level of inventories, decreased rates of consumption, and high fluctuating costs of crude oil.
Investments and trading activities also struggled in the Asia-Pacific region. However, in the second quarter, the market gained momentum with positive influence from the feedstock prices. The feedstock market was supported by the fertilizer industries and a surge in the sodium thiosulfate derivatives demand.
Severe disruption in the supply chains and downward movement of demand from the end-user industries, along with uncertainties in the freight charges, caused the price trends of sodium thiosulfate to decline in the first and second quarters of 2023.
The fall in the prices was much more prominent in the second quarter as the petrochemical sector and sales of fertilizer-related products guided the sodium thiosulfate prices. The consumption rates of sodium thiosulfate also remained feeble throughout the first two quarters of 2023, hampering the growth of the sodium thiosulfate market.
In the first quarter of 2023, the unstable economy and in the second quarter, severe fluctuations in the cost of crude oil had a negative impact on the sodium thiosulfate price trends. In the first quarter, the failure of two major banks in the US adversely affected the US markets and, in turn, consumer confidence. Similarly, in the second quarter, the falling manufacturing rates due to the high costs of energy production and a weak economy depleted the level of inventories. In adverse market conditions, the investors were also hesitant to invest in the sodium thiosulfate market, and thus, the price trends of sodium thiosulfate fell southwards.
According to Procurement Resource, the price trends of sodium thiosulfate is expected to witness a declining trajectory as the demand from downstream industries and the feedstock market is severely affected by the high instability in the global markets.
Procurement Resource provides latest prices of Sodium Thiosulfate. 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 Thiosulfate is crystalline salt of sodium, sulphur, and oxygen that has various industrial applications especially in the photography, water treatment, and gold extraction sectors. It has the ability to neutralize chlorine, ability to act as reducing agent and as a photographic fixer. Additionally, it finds application in textile dyeing, analytical chemistry, and horticulture due to its unique chemical properties.
|Product Name||Sodium Thiosulfate|
|Industrial Uses||Photograph, Gold and silver recovery, Leather industry, Oil and gas industry, Textile industry|
|Molecular weight||158.11 g/mol|
|Supplier Database||INEOS, Liyang Qingfeng Fine Chemical Co Ltd, Changsha Weichuang Chemical Co Ltd, Nissei Corporation|
|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|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In this process, sulphur is heated via aqueous solution of sodium hydroxide or sodium sulphite that gives sodium thiosulfate as the final 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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