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Sodium Tripolyphosphate Prices, Pricing, Demand & Supply, News, Market Analysis | ChemAnalyst

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Sodium Tripolyphosphate Prices, Pricing, Demand & Supply, News, Market Analysis | ChemAnalyst




For the Quarter Ending September 2023

North America


During the third quarter of 2023, the pricing dynamics of Sodium Tripolyphosphate in the North American region exhibited a nuanced pattern. Initially, prices saw an uptick in response to heightened demand from downstream water treatment and other end-use industries in the first month. This surge was attributed to consumer stockpiling practices coinciding with the onset of the summer season. However, the subsequent two months witnessed a slowdown in inquiries, influenced by adequate material availability within the domestic market. Concurrently, cost support from upstream markets dwindled, contributing to a decline in production costs. Consumer inquiries remained tepid, especially post the high-demand summer season, with buyers predominantly focusing on long-term orders. Overall, market transactions were sluggish, and there was a noticeable constraint in overall product procurement. Throughout the quarter, the region grappled with challenges such as high inflation, elevated interest rates, and ongoing geopolitical tensions, collectively impacting market sentiments. As of September 2023, the assessed price for Sodium Tripolyphosphate CFR Los Angeles stood at USD 1080 per tonne.


APAC


In the third quarter of 2023, the Sodium Tripolyphosphate market in the Asia-Pacific region displayed a diverse pricing landscape. The first month witnessed a bullish trend driven by increased acquisitions of higher-priced Sodium Tripolyphosphate from European markets, notably Russia. However, the second month experienced a market price downturn due to ample material availability domestically, influenced by moderate demand from downstream water treatment, food, and beverage industries. Prices further dropped in September as demand conditions shifted, reflecting weaker cost support from upstream Bromine. The decline was exacerbated by accumulated inventories and subdued demand from the domestic downstream industry. Domestic production, as indicated by manufacturing PMI data, demonstrated improvement, with manufacturers operating at an accelerated pace. As of September 2023, the assessed price for Sodium Tripolyphosphate FOB Shanghai was USD 1020 per tonne.


Get Real Time Prices of Sodium Tripolyphosphate: https://www.chemanalyst.com/Pricing-data/sodium-tripolyphosphate-1540


Europe


In the third quarter of 2023, Sodium Tripolyphosphate prices exhibited diverse trends in the European region. The initial month saw a decline in prices due to weak demand from overseas markets and reported inventory buildup amid sluggish procurement from downstream water treatment and other end-use industries. August marked a positive shift, with improved demand conditions, increased inquiries from major consumer nations like Brazil and China, and a rise in demand from the food and beverage sector. September witnessed a further price increase attributed to higher production costs and fluctuating energy prices impacting manufacturing expenses. Moreover, the manufacturing PMI for the month indicated increased growth in new orders, aligning with a substantial rise in domestic consumption. As of September 2023, the assessed price for Sodium Tripolyphosphate FOB Saint Petersburg was USD 958 per tonne.


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ChemAnalyst is an online platform offering a comprehensive range of market analysis and pricing services, as well as up-to-date news and deals from the chemical and petrochemical industry, globally.


Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today's ever-changing chemicals market.

The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.

ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

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