North America
North American region displayed a significant dip in the Sodium Ascorbate Exp Prices during the fourth quarter of 2022. Due to China's Golden Week celebrations, the import from China remained low along with inquiries which supported the weaker market sentiments of downstream Sodium Ascorbate in the month of October. Following November, with weaker sentiments, the prices of Sodium Ascorbate witnessed were settled at USD 4255/MT CFR New York. Additionally, higher inventories among domestic merchants and steadfast demand from the downstream sectors for upstream Vitamin C in the United States supported the market sentiments of Sodium Ascorbate in the United States throughout the final quarter.

Asia Pacific
The cost of Sodium Ascorbate in the Asia Pacific region, primarily in China, demonstrated a dwindled trend throughout the final quarter of 2022 as a result of the weak demand from the downstream pharmaceutical sectors. During October, new export orders were at their "lowest level since August" owing to the continuous shrinkage of China's manufacturing industry. Ease in trade disruption, along with shipping charges during November, did not affect the market sentiments of Sodium Ascorbate as the demand remained low. With this, the prices for Sodium Ascorbate during mid-Q4 were settled at USD 3450/MT FOB Shanghai in China. Moreover, with declining demand, stockpiling of inventories among the market players, and the prices of Sodium Ascorbate remained on the lower end till the end of 2022.

Europe
During the fourth quarter of 2022, the prices of Sodium Ascorbate followed a similar pattern to that of Asia Pacific. The market trend started on decreasing note and reached an assembly price of USD 4625 /MT CFR Hamburg in Germany during November because of declining demand from the end-user pharmaceutical industry and rising stocks among the market players as inquiries from the downstream sector for Sodium Ascorbate prices began to fall significantly in December, which was also supported by weakened upstream Vitamin C prices. Additionally, the inventories, with market players' however, remained larger, and their inquiries weaker during the Thanksgiving break.

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