Sodium Thiosulfate Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Sodium Thiosulfate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Sodium Thiosulfate Price Trend for the October - December of 2023

Asia

The sodium thiosulphate prices were observed to vary regionally in the last three months of the year 2023. The Chinese sodium thiosulphate market performed comparatively better than the Indian market during this period. These oscillations in the sodium thiosulphate market trend were a direct reflection of the variations in the feedstock sulfur and sodium hydroxide prices.

Sodium Thiosulfate Price Chart

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Since both these raw materials slightly picked up in the Chinese market, the market behavior occasionally turned positive for sodium thiosulphate as well. In the Indian sodium thiosulphate market, the inventories were still running very high, and the upstream cost support from the feedstock side was also negligible; this led to a muddled price pattern in the region. Overall, mixed market sentiments were observed in the last quarter of the year 2023.

Europe

The sodium thiosulphate market trend in the European region were observed to be fluctuating within a very narrow range during Q4’23. The cutdown in international trade impacted both domestic and offshore trade. The long stretched war in the European backyard coupled with other geopolitical tensions impacted the markets negatively. Overall, mild fluctuations in the price trend were observed during the said time period.

North America

The North American market’s performance for sodium thiosulphate was largely underwhelming during the said period. Both the upstream and downstream outlooks did not act in favor of the sodium thiosulphate price trend. Along with this, a downfall in crude oil prices also didn’t help the sodium thiosulphate market sentiments.

Analyst Insight

According to Procurement Resource, similar regional variations are projected in the Sodium Thiosulphate price trend in the coming months as well.

Sodium Thiosulfate Price Trend for the July-September of 2023

Asia

Sodium Thiosulfate trading behavior exhibited a close resemblance to the market trend of its feedstocks, sodium hydroxide, and sulphur. In Asian regional markets like India and China, the price trend 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 trend for sodium thiosulfate remained afloat.

North America

Following up the global trend, 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 Trend for First Half of 2023

Asia

The price trend 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 trend 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 trend. 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 trend of sodium thiosulfate fell southwards.

Analyst Insight

According to Procurement Resource, the price trend 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.