In the Asia Pacific region, the pricing of Sodium thiosulfate in 2023 was significantly affected by the fluctuating costs of its raw materials. During the initial quarter, prices experienced a downturn owing to limited inventories and the unpredictability in crude oil prices. These conditions presented formidable obstacles to investments and international trade. Nevertheless, the situation improved in the second quarter, with a recovery in the pricing of Sodium thiosulfate driven by increased demand from the fertilizer industry for its derivatives.
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In Europe, price declines occurred in both quarters as a result of disrupted supply chains, reduced end-user demand, and uncertainty surrounding freight charges. The second quarter witnessed a more substantial drop, primarily due to petrochemical and fertilizer-related factors. In North America, economic instability and fluctuations in oil prices had an adverse effect on prices. The first quarter was influenced by banking issues, while the second quarter experienced the impact of high energy production costs and a weakened economy, which deterred investors and contributed to price declines.
Definition
Sodium thiosulfate, a chemical compound with the formula Na2S2O3, is a white crystalline substance often used as a photographic fixer, medical dechlorinator, and in various industrial processes. It is soluble in water and has a mild, sulfur-like odor. Sodium thiosulfate is known for its ability to rapidly neutralize chlorine and is utilized in water treatment. It is also a reducing agent and can be involved in redox reactions. Moreover, it finds application in medicine to treat cyanide poisoning and is valued for its versatility in multiple industries.
Key Details About the Sodium Thiosulfate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Sodium Thiosulfate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Sodium Thiosulfate Price chart, including India Sodium Thiosulfate price, USA Sodium Thiosulfate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Sodium Thiosulfate Price Trend:
In Europe, price declines occurred in both quarters as a result of disrupted supply chains, reduced end-user demand, and uncertainty surrounding freight charges. The second quarter witnessed a more substantial drop, primarily due to petrochemical and fertilizer-related factors. In North America, economic instability and fluctuations in oil prices had an adverse effect on prices. The first quarter was influenced by banking issues, while the second quarter experienced the impact of high energy production costs and a weakened economy, which deterred investors and contributed to price declines.
Key Players:
- INEOS
- Liyang Qingfeng Fine Chemical Co Ltd
- Changsha Weichuang Chemical Co Ltd
- Nissei Corporation
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