Sodium Metasilicate Pentahydrate Prices, Pricing, Global Demand & Supply, Analysis | ChemAnalyst

For the Quarter Ending June 2023

North America

During the second quarter of 2023, the North American Sodium Metasilicate Pentahydrate market experienced fluctuations. Uncertain market outlook and fluctuating feedstock prices influenced these changes. Demand for various commodities in the US market was constantly changing due to unclear crude futures and rising interest rates. While supplies remained stable, there were minor availability hiccups during the mid-quarter that temporarily affected prices. Rising production costs contributed to an increasing price trend in May, which later eased in June 2023. The economic slowdown was a major concern for domestic players, as indicated by FRED, with the Producer Price Index for Industrial Chemicals showing a continuous downward trend from April to June 2023, settling around 309.771 in June 2023.

APAC

In June 2023, Sodium Metasilicate Pentahydrate prices declined in the Chinese market due to ample supplies and low demand from the international market. The co-product sodium silicate also experienced a decline in demand from downstream buyers. China’s economic situation, marked by high inflation and prolonged economic dullness, contributed to reduced demand for various commodities, including Sodium Metasilicate Pentahydrate. Internal issues in the country, such as the violence in France, further affected market sentiments. Additionally, Germany’s recession and the UK’s economic uncertainty influenced overall market sentiments, resulting in reduced demand for the product. Despite high regional freight charges, they did not significantly impact the product’s prices. In May 2023, Sodium Metasilicate Pentahydrate prices experienced a significant decline due to cheaper imports from Asian countries and decreased demand following the threat of a lockdown. The product’s supply remained ample to support the overall price downtrend, while demand remained low due to the impending threat of another wave of lockdown in the country. In April 2023, the price of Sodium Metasilicate Pentahydrate fell due to low demand in the Chinese market and ample product availability. The decline was influenced by China’s economic situation, with the PMI index falling marginally. The Indian market also witnessed a decline in prices in June 2023, driven by low domestic demand and ample product availability. Heavy seasonal rain and floods further impacted consumption in certain areas. Demand remained low due to ongoing monsoon season and traders’ reluctance to make purchases. In April 2023, the price of Sodium Metasilicate Pentahydrate in the Indian market declined again due to smooth cargo flow and ample product availability, despite a decline in manufacturing activities indicated by the IIP index. Overall, the market sentiment remained bearish with high supply and low demand for the product in all instances.

Get Real Time Prices of Sodium Metasilicate Pentahydrate: https://www.chemanalyst.com/Pricing-data/sodium-metasilicate-pentahydrate-1221

Europe

Based on the recent assessment, the Sodium Metasilicate Pentahydrate prices witnessed a decline during Q2 2023 due to low domestic demand and surplus stocks in the region. European key players grappled with high inflationary pressure and sluggish consumer demand, leading to reduced demand for various commodities, including Sodium Metasilicate Pentahydrate, and influencing the product’s pricing dynamics. Moreover, internal issues in certain nations, such as the violence in France, had a ripple effect on regional trade activities. Notably, key economists highlighted Germany’s descent into recession during the mid of the quarter and the UK’s precarious economic situation. Consequently, overall market sentiments remained subdued throughout the quarter, resulting in reduced demand for Sodium Metasilicate Pentahydrate from downstream industries. Although regional freight charges remained elevated during this period, they did not significantly impact the prices of Sodium Metasilicate Pentahydrate.

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