In March xxxx, the Sodium Acid Pyrophosphate (SAPP) market in Thailand experienced significant reduction in prices. Studies by ChemAnalyst show that from the previous month, SAPP costs have decreased by x.xx.
The firm has observed the product to have been getting traded for about USD x,xxx per MT during the month.
This decline in SAPP prices was mainly because of the drop in demand from downstream food processing and pharmaceutical companies. Though freight charges got lowered during the month, buyers were found to be very cautious, restricting their purchases to limited volumes. Moreover, higher SAPP inventory levels made traders to reduce their quotes to boost sales, further affecting the market trend.
Standard output levels were maintained by SAPP producers in terms of domestic production. However, several producers were forced to alter their production rates due to downward pressure from the market&#xx;s current...
