Sodium Propionate Price In China
China: 1185 USD/MT
The price of sodium propionate in China for Q4 2023 reached 1185 USD/MT in December..
The latest report by IMARC Group, titled "Sodium Propionate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Sodium Propionate Prices . This report delves into the price of Sodium Propionate globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price news, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
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The study delves into the factors affecting Sodium Propionate price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Sodium Propionate Price - Last Quarter
The Sodium Propionate market in Q2 2024 is being driven by a mix of supply chain complexities, raw material costs, and fluctuating demand across regions. In North America, a sharp rise in raw material prices, particularly for propionic acid, has led to higher production costs, which have been passed on to consumers. This, combined with logistical disruptions caused by geopolitical tensions and environmental factors, has created upward pressure on prices. Strategic moves by industry players to secure supply and meet growing demand have further amplified this trend.
In Asia, however, the market has seen a decline in prices due to lower demand and high inventory levels, leading traders to reduce prices to clear stock. This trend has been supported by a drop in raw material costs and eased freight rates. Europe has experienced similar price declines due to oversupply, economic uncertainties, and inflationary pressures, resulting in bearish market sentiment. Overall, the Sodium Propionate market is navigating through a complex landscape of supply chain challenges, fluctuating raw material prices, and varying regional demand.
Sodium Propionate Market Analysis
Sodium Propionate prices in North America rose in Q2 2024, driven by increased raw material costs and supply chain disruptions. Geopolitical tensions and trade interruptions, alongside environmental warnings affecting key transportation routes, added pressure to the market. Shipping delays and higher costs due to rerouted vessels and container congestion exacerbated the situation.
Additionally, escalating inquiries from the US to exporting nations further fueled price increases as the market reacted to the evolving demand. The Sodium Propionate market in Asia saw a price decline in Q2 2024, driven by lower demand from end-user industries and high inventory levels. Raw material costs for propionic acid dropped, easing production expenses and contributing to lower prices. Additionally, freight and logistical costs stabilized, further supporting the downward pricing trend. In China, the summer season prompted traders to offload stock at discounted rates, further intensifying the price decline.
In Europe, Sodium Propionate prices declined due to oversupply and economic uncertainties. Excess inventories, coupled with lower raw material costs and stabilized freight charges, led suppliers to offer discounts to stimulate demand. Germany experienced the most significant price adjustments as lower-than-expected demand from food and manufacturing sectors reinforced the bearish market sentiment. Despite challenges, supply chains remained intact, with no major operational disruptions reported.
Regional Price Analysis:
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand.
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece.
North America: United States and Canada.
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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