Global Demand Recovery Projecting Sodium Lignosulphonate Prices to Trace Uptrend
- 31-May-2022 4:28 PM
- Journalist: Henry Locke
Global Sodium Lignosulphonate price has risen in the market owing to stable offtakes for the product amidst high input costs. As per the ChemAnalyst data, Sodium lignosulphonate prices have showcased a significant hike across India and the USA week on week basis. Meanwhile, market sentiments of China and Saudi Arabia have also been analysed based on real-time data and engagement with market participants.
As per the data, Sodium Lignosulphonate prices have risen in the Indian market at a decent pace of around 2% during the last two weeks of May 2022. This hike was primarily driven by ample offtakes from the domestic construction and paper industry as a seasonal phenomenon. The major driving factor for this price variation was improved demand dynamics for the product from the domestic market, as India has not been facing any challenges regarding the pandemic.
On the other hand, rising inflation and highly volatile natural gas value remained a prime reason behind a price increment of around 0.6% during the second half of May. As per the market sources, manufacturers are trying to maintain overall stability in prices, while high input costs keep on bothering domestic key players.
ChemAnalyst has also captured the market dynamics of Sodium Lignosulphonate in China and Saudi Arabia, which shows an increment of around 1% in Saudi Arabia and 1.8% in China during the month of May. As per the insights, despite being under lockdown restrictions, niche buyers in China kept on procuring cargoes in some provinces. On the other side, Saudi Arabian players have to bear the burden of expensive imports from Asia and the USA, affecting the domestically traded prices of the country.
As per ChemAnalyst analysis, Sodium lignosulphonate prices are projected to keep on tracing an uptrend across the Asian market as China is recovering from pandemic related uncertainties, which will eventually boost the demand.