Sodium Citrate Prices Trend | Pricing | News | Database | Chart

North America

In Q3 2024, the Sodium Citrate market in North America experienced a stable but cautious performance. Supply-side inventory pressure was manageable, though weak downstream demand and a conservative purchasing approach limited market activity. Prices showed a slight rebound from earlier low points, but overall transaction volumes remained steady. Price variations were noted across regions, driven by increased downstream orders and improved shipment activity among companies. Negotiations from end-users trended upward, supported by favorable feedstock procurement conditions and continued high consumption levels in downstream industries. However, rising raw material costs, especially for citric acid, complicated pricing, leading to a general upward movement in Sodium Citrate Dihydrate prices. Mid-quarter saw a notable drop in import prices, compounded by weakened demand in key sectors such as pharmaceuticals and preservatives. Factors such as oversupply, an economic slowdown, cheaper alternatives, and currency fluctuations pressured prices further. Despite these challenges, market sentiment remained bearish, with buyers adopting a cautious stance, shorter supplier lead times, and reduced purchasing activity. By September, modest improvements in end-user demand helped balance inventories, stabilizing the market. By the end of Q3 2024, Sodium Citrate Dihydrate prices rose by 1% quarter-over-quarter, closing at USD 805/MT CFR Los Angeles.

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Asia Pacific

Throughout Q3 2024, the APAC region’s Sodium Citrate market maintained stable prices, reflecting an equilibrium in pricing. Factors such as stable demand, steady supply levels, and overall market balance contributed to this trend. In China, however, the market saw the most notable price fluctuations, with a slight decrease from the previous quarter. Demand, both domestic and export-driven, supported upward price momentum. Supply issues from major exporting regions, along with rising production costs due to plant shutdowns and disruptions in July and August, exacerbated the situation. Logistical challenges and increasing freight costs further strained trading sentiment, pushing prices up until late September. However, mid-quarter saw prices start to fall, driven by weakened downstream demand and shifts toward alternative excipients. Despite a reduction in freight costs, a decrease in new inquiries and a general supply-demand imbalance led to a downward trend. By the end of Q3 2024, the price of Sodium Citrate Dihydrate FOB Shanghai stood at USD 660/MT, indicating a stable market outlook.

Europe

In Q3 2024, the European Sodium Citrate market followed a stable pricing trajectory, with Germany experiencing the most pronounced price changes. This stability was marked by increased trading activity, higher inquiry volumes, and heightened market participation. Several factors contributed to this trend: bulk procurement spikes, consistent raw material pricing that maintained production stability, and rising inquiries from the poultry sector. Export activity from major producing countries grew steadily, with traders focusing on improving profit margins. However, logistical issues and rising freight costs affected trading sentiment for Sodium Citrate Dihydrate from China, contributing to the overall upward trend. Mid-quarter, the market shifted to a downward path due to lower production costs from reduced energy expenses and falling citric acid prices. Demand across sectors like food preservatives and pharmaceuticals remained subdued, fostering a bearish sentiment. Consequently, despite a stable trajectory over the quarter, prices for Sodium Citrate Dihydrate increased by 1% from the previous quarter. By the end of Q3 2024, prices in Germany, CFR Hamburg, stood at USD 775/MT, reflecting the prevailing downward trend in the region.

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