Members

Sodium Gluconate Prices, Pricing, Demand & Supply, Market Analysis | ChemAnalyst

For the Quarter Ending June 2023

North America

In the second quarter of 2023, the US Sodium Gluconate market experienced a mixed performance. After an initial price increase in April, the overall trend showed a decline. In the beginning of the quarter, the price rose due to high base prices set by local mills and reduced delivery time, which positively impacted market sentiment. However, economic instability caused by the debt crisis resulting from major bank failures led to a decline in market sentiment for Sodium Gluconate. The inflation rate rose, and the US Federal Reserve increased interest rates, affecting buyer confidence and leading to a sluggish spot market. Decreased employment rates also resulted in decreased demand in the US spot market. To address high inventory levels, the US government imposed countervailing duties on imports from overseas suppliers. At the end of the quarter, the government signed a deal to extend the debt crisis, raising hopes for improvement in the upcoming quarter.

APAC

During the second quarter of 2023, the Asian Sodium Gluconate market experienced a bearish trend. Decreased demand from the printing and metal treatment industry led to a decline in prices. In both the Asian and Indian markets, the price of Sodium Gluconate decreased due to inflationary pressure and increased production costs. Despite sufficient supply, high inventories at the port resulted in selling the product at cheaper rates. The Chinese economy performed poorly, with low purchasing activity and slower GDP growth. At the end of the quarter, the price of Sodium Gluconate FOB Qingdao (China) stood at USD 530/MT.

Get Real Time Prices of Sodium Gluconate: https://www.chemanalyst.com/Pricing-data/sodium-gluconate-1414

Europe

In the second quarter, the price of Sodium Gluconate in Europe initially increased but later experienced an overall decline. The growth rate in the downstream automotive industry drove demand and led to an increase in prices in April. However, the economic downturn in the global market negatively affected market sentiment in the latter half of the quarter. Labor shortages and reduced construction projects impacted consumption and led to higher inventory levels. Dumping duties imposed by the European Union on imported Sodium Gluconate from Chinese and Indian markets further affected the industry. Plans to increase interest rates by the Italian government resulted in hesitancy from buyers, leading to decreased offer prices from Italian steel mills.

About Us:

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.

Contact Us:

ChemAnalyst

GmbH - S-01, 2.floor, Subbelrather Straße,

15a Cologne, 50823, Germany

Call: +49-221-6505-8833

Email: [email protected]

Website: https://www.chemanalyst.com

Views: 794

Comment by jack on April 16, 2024 at 7:23am

For more than 30 years, Platinum Golf Carts has been the most trusted name when it comes to reliable golf carts that last. We offer a wide variety of golf carts for sale along with parts and accessories to make sure your cart keeps on operating efficiently. icon gas golf carts

Comment by jack452 on April 16, 2024 at 8:24am

Quickly your website can unquestionably acquire well known being among the most regarding submitting buyers, for the meticulous content articles or simply just essential critiques. 小學中文補習社

Comment by jack452 on April 20, 2024 at 4:46am

This is the proper weblog for everyone who wishes to find out about this topic. You already know a lot its virtually difficult to argue with you (not that I just would want…HaHa). You certainly put a fresh spin with a topic thats been discussing for many years. Excellent stuff, just fantastic! w893w

Comment by jack452 on April 20, 2024 at 8:17am

When my partner and i acquired onto your internet site although acquiring thought fundamentally relatively little submits. Pleasant strategy for approaching, I will be bookmarking concurrently get sorts conclusion goes up up wards. 야동

Comment by DANGERBOY on April 20, 2024 at 10:00am

Excellent and very exciting site. Love to watch. Keep Rocking. https://www.bsc.news/post/ambbet

Comment by jack452 on April 21, 2024 at 5:30am

As i purchased with your blog site while positioning fascination purely a little bit little submits. Fulfilling technique for extended, We will be book-marking during a period attain forms finish happens further up. kubet88

Comment by DANGERBOY on April 21, 2024 at 6:51am

Man that was very entertaining and at the same time informative.’:;;. kubet77

Comment by jack on April 21, 2024 at 11:14am

An impressive share, I simply with all this onto a colleague who had previously been conducting a little analysis about this. And hubby in reality bought me breakfast since I ran across it for him.. smile. So well then, i’ll reword that: Thnx for the treat! But yeah Thnkx for spending any time to debate this, I find myself strongly about it and really like reading regarding this topic. If you can, as you become expertise, can you mind updating your blog with increased details? It truly is highly great for me. Huge thumb up with this blog post! Thailand hotel for sale

Comment by jack452 on April 21, 2024 at 11:36am

As soon as I discovered this internet site I went on reddit to share some of the love with them. Online Canada Visa for New Zealand Citizens

Comment by jack on April 22, 2024 at 3:12am

I do agree with all of the ideas you have introduced for your post. They’re very convincing and will certainly work. Nonetheless, the posts are very brief for newbies. May you please lengthen them a little from subsequent time? Thank you for the post. 牙醫診所推薦

Comment

You need to be a member of On Feet Nation to add comments!

Join On Feet Nation

© 2024   Created by PH the vintage.   Powered by

Badges  |  Report an Issue  |  Terms of Service