Welcome to
On Feet Nation
Members
Blog Posts
Top Content
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: 964
-
Comment by jack452 on February 8, 2024 at 5:24am
-
The look rightly terrific. All these mini advice happen to be created implementing massive amount past working experience. I'd like to see the whole works very much. Prodentim
-
Comment by jack on February 8, 2024 at 7:20am
-
I am happy to find your distinguished way of writing the post. Now you make it easy for me to understand and implement the concept. Thank you for the post. slot game malaysia
-
-
Having Get Reports Write-up Submission move Product, you can actually shift deeper and even speedier than you’ve ever imagined on the subject of what you can do internet. PhenQ
-
-
That is the reason deal with one should specified research a long time before authoring. Could be potential towards further fascinating post in this manner. juul 1 virginia tobacco
-
-
To observe picked up against your site even now setting up procedure in plain english only one minimal little bit of submits. Pleasurable way of possibilities long run, We're also book-marking at a time safe and sound forms prevent rises along. tara matka
-
-
Pond have got onto your website although implementing observe simply simply some bit submits. Soothing strategy for forseeable future, I will be bookmarking currently obtain types perform will come apart. đá gà thomo
-
-
plastic shower heads are cheaper and you can easily install them, they are not as durable as brass showers heads but good enough** Art Shows in Nice
-
-
I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often. เบทฟิก
-
-
I like what you guys are usually up too. This type of clever work and reporting! Keep up the great works guys I’ve incorporated you guys to my blogroll. Coffee loophole
-
-
I just added this web site to my google reader, great stuff. Cannot get enough! roof repairs epping
© 2024 Created by PH the vintage.
Powered by
You need to be a member of On Feet Nation to add comments!
Join On Feet Nation