Sodium Thiosulfate Price Trends and Forecast

Regional Price Overview

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 and Forecast

Sodium Thiosulfate Price Trends for the July-September of 2023

Asia

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.

Europe

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.

North America

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.

Analyst Insight

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

Asia

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.

Europe

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.

North America

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.

Analyst Insight

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.

Please Login or Subscribe to explore our dashboard.

About

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 Details

Report Features Details
Product Name Sodium Thiosulfate
Chemical formula Na2S2O3
Industrial Uses Photograph, Gold and silver recovery, Leather industry, Oil and gas industry, Textile industry
CAS Number 7772-98-7
Molecular weight 158.11 g/mol
HS Code 28323010
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.

Production Processes

In this process, sulphur is heated via aqueous solution of sodium hydroxide or sodium sulphite that gives sodium thiosulfate as the final product.

Methodology

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).

Table Of Contents

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

Client's Satisfaction

Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

Assured Quality

Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.

NEWSLETTER

Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences. See our Privacy PolicyFor more.