Get the latest insights on price movement and trend analysis of Sulfates in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Sulfates Price Trend for the First Half of 2023
As different Sulfates are obtained via the reaction of sulphuric acid with different metal oxides and hydroxides, the price trends for Sulfates vary primarily with sulfuric acid. The first quarter started with stable market sentiments, given the normalized supply-demand dynamics. Declining procurement and upstream prices didn’t provide much cost support as crude oil, energy prices, and transportation prices stabilized constantly.
The consuming cosmetic, detergents, and other personal care industries offered such feeble demands that could be easily supported by the existing inventories. Hence, all these factors constituted such mixed, fluctuating price patterns. The first quarter was still stable; however, declining demands pushed the prices further down in the second quarter. Sulfate prices mostly wavered at the lower end of the price curve.
According to Procurement Resource, the Sulfates are expected to continue fluctuating low in the upcoming quarter as the downstream demands do not seem to be picking up anytime soon.
Sulfates Price Trend for the Second Half of 2022
The prices of sulfate salts depend upon various factors such as availability of feedstock, market dynamics of crude oil, and cost of energy production. The prices of various sulfate salts such as sodium sulfate, alkyl ether sulfates, and magnesium sulfate saw an inclining trend in the last two quarters of 2022. The rising inflation, and global energy crises due to the ongoing Russia-Ukraine, rise in demand from the end-user detergents and paper industries, and a decline in stock availability globally contributed towards the rising price trends for sulfates.
The feedstock palm oil market was, however, unstable in the third and fourth quarters of 2022. The prices saw a dip as stocks piled up in the European and Asia Pacific regions. The North American region saw a decline in the demand from the end-user industries amid ample inventories. The rise in demand from end-user industries of sulfate salt and declining palm oil prices kept the price trend of sulfates moving globally.
According to Procurement Resource, the price trends for sulfates are expected to increase as the demand from detergents, cosmetics, and paper industries looks good and the operational costs also seem to favour the upward trajectory of the prices.
Sulfates Price Trend For the First Half of 2022
The salts, peroxides and acid derivatives of sulfates or sulphate ions are commonly used in the surfactant industries. The sulfates ions are obtained via sulfuric acid, metal oxide and even palm/coconut oil. Hence, the market prices of the above-mentioned feedstock govern the price trends for sulfates. The Russian invasion of Ukraine unleashed a staggering worldwide energy crisis.
The high crude oil prices, trade restrictions, heightened freight costs and journey time caused the prices of commodities to rise in the market giving way to double-digit inflation. In Europe, the price of feedstock sulfuric acid averaged 230 USD/MT FOB Hamburg while in the USA it averaged 264 USD/MT. These raised quotations were further supported by the strong downstream demand.
The prices of feedstock palm oil skyrocketed during the said period due to the absence of sunflower oil in the global market. With the Indonesian government announcing a ban on palm oil exports coupled with the floods in Malaysia, the supply lines for palm oil constricted further. The prices of the Bursa Malaysia derivative palm oil averaged a staggering 1942 USD/MT on March 1, 2022.
However, the prices relaxed towards the end of the second quarter with the removal of the export ban averaging 1554.50 USD/MT in June. Hence, owing to the inflated feedstock prices and robust demand from the personal and home-care industries the price trends for sulfates stood firm throughout the said period.
Procurement Resource provides latest prices of sulfates. 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.
Sulfates are polyatomic anions. They are found in nature as well as synthesised for industry. They can be found in the products of everyday use. Also, sulfates are the salts and esters of sulphuric acid, from which they can be produced. They can also be obtained from coconut or palm oil.
These compounds play a significant role in many industries because they are good emulsifiers, detergents, and foaming agents. Further, they are surfactants and their addition to products make them more effective cleaners. Sodium lauryl and sodium laureth sulphate are the most common sulphate-based ingredients in personal care products.
|Industrial Uses||Detergents, Emulsifiers, Cosmetics and personal care products, Metal salts, Algaecide|
|Chemical Formula||SO4(2−) or O4S-2|
|Synonyms||14808-79-8, Sulphate ion, Sulphate (2-), Sulfates|
|Molecular Weight||96.07 g/mol|
|Supplier Database||BASF SE, Domo Chemicals, SABIC, Honeywell International Inc, Sumitomo Chemical Co., Ltd, Godavari Biorefineries Ltd. (GBL), SynQuest Laboratories (Central Glass Co., Ltd.)|
|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 order to produce sulfates from sulphuric acid, different metals, metal hydroxides or even metal oxides are treated with sulphuric acid to obtain the desired 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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