The Sodium Bisulfite market globally went through tremendous price fluctuations in June xxxx, as the US and China saw volatile fluctuations fueled by logistics disruptions, shifts in trade policies, and fluctuating demand.
In the first week of June, Chinese Sodium Bisulfite prices rose by x.xxx to USD xxx/MT FOB Shanghai. This was mainly fueled by tight global demand, and the United States was among the leading demanding nations, with procuring parties scrambling to book volumes as there were fears of increasing freight costs and limiting vessel supply. Chinese exporters took advantage of this desperation by forcefully raising offers, backed by the implementation of General Rate Increases (GRIs) and pressure mounting on container availability. While Chinese factory output was stable, exporters increasingly struggled to coordinate shipments and thus made adjustments to pricing mechanisms to changing logistics realities.
At the same...
