In April, Sodium Hexametaphosphate (SHMP) prices exhibited a notable upward trend across the Asia-Pacific (APAC), Europe, and Middle East regions, driven by divergent upstream and downstream market factors.
The rising cost of upstream phosphoric acid was a major factor in the steady increase in SHMP prices in the APAC region. As a major producer, China experienced increased production costs as a result of stricter environmental laws and decreased output from important phosphate rock mines. The cost of SHMP was settled at xxxx/MT on a FOB Qingdao basis.
At the same time, downstream industries in India and Southeast Asia continued to have strong demand, especially for soaps and detergents. Cleaning product consumption has increased due to the longer summer season and growing awareness of hygiene, which has further supported the price increase. In preparation for continued demand, manufacturers have been replenishing...
