North America
This quarter, the Sodium Metasilicate Pentahydrate Prices in North America showcased a falling price trend with limited trading activities. The demand for the product from the downstream cleaning industries, including soaps and detergents, remains affected by declining interest from the supplier’s end. Demand remained low throughout the quarter; however, niche buyers kept their procurement stable in the meantime towards the end of the quarter. Furthermore, slowed economic activities and seasonal lull affected the overall market sentiments, and procurers suspended bulk procurement for November and December 2022. Prolonged dullness in demand in the regional market led to weak trading fundamentals of Sodium Metasilicate Pentahydrate. Freight charges also declined, along with lower transportation charges and sufficient container availability.

Asia Pacific
In the Asia-Pacific region, the Sodium Metasilicate Pentahydrate market remained weak in October due to adequate inventories among the enterprises. In the Chinese market, dealers had sufficient stocks of the commodity to meet all domestic and overseas demands. The general demand-supply fundamentals in the Chinese market were also impacted by low purchasing activity and feeble market fundamentals. However, the market rose in November due to higher bidding for the product and demand exceeding the supply. In Nov, the price of Sodium Metasilicate Pentahydrate in China surged to USD 484/ton FOB Qingdao. The exports from China to India also surged in Nov with the revision in the price trend for the overseas market.

Europe
This quarter, the Sodium Metasilicate Pentahydrate market showcased a falling price trend when compared with the previous one. Demand fundamentals for the product declined from the downstream cleaning industries as the economic activity of the region struggled to gain momentum. The regional economic slowdown and wavering offtakes due to lower product bidding, along with rising product inventories, affected the overall price trend. Trading activities in the European region declined, and suppliers offered discounts on bulk purchases. Declining freight charges and adequate container availability eased the purchasing, and the market remained sufficient with product supply.

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