The Sodium Formate market in India is set to undergo changes in the coming months due to shifting supply and demand patterns and factors from international trade. Players in the market are carefully observing trends in the leather processing and textile industries, to plan their purchases accordingly.

ChemAnalyst observed that in March 2025, Sodium Formate prices increased by more than 2%, because of stable demand from downstream industries and reasonable stock levels at major ports. Traders in India kept a continuous supply by importing through contracts. Higher natural gas prices in China and competitive export offers further supported the Sodium Formate price increase.

For April, the firm has predicted a price drop of about 1.5% as demand stabilizes and buying activities reduces after the end of the financial year. While port stocks remain sufficient, Sodium Formate suppliers and manufactures are being cautious, avoiding large orders to manage risks.

This month, the Sodium Formate market is expected to see further decrease in prices. Textile and leather companies may reduce buying, relying on stocks carried over from the previous month. With Chinese export prices likely to remain stable, there will be little pressure on import costs, creating a fairly stable pricing environment.

ChemAnalyst has predicted the Sodium Formate market to start recovering from June, with prices expected to increase by almost 2%. Buyers may restock their inventories before the monsoon season to avoid transport issues caused by heavy rains. The leather processing sector, especially exporters, may boost their productions for festive season orders, increasing Sodium Formate usage. Growth in feedstock methanol rates in major exporting countries could also start raising production costs, which may affect the import prices for India.

Moreover, the textile industry would come up with more demand for Sodium Formate, as transport disruptions caused by severe monsoon may briefly limit supply, making manufacturers to buy in advance.

On the supply side, Sodium Formate stock levels at ports are likely to remain stable, but occasional delays and congestion at main export hubs may cause short-term supply issues. Traders will change their purchase plans to handle these logistical challenges.

With global price trends showing some changes, Indian importers are closely watching the Sodium Formate market movements. Rising costs for raw materials in China could affect the import pricing for India. After the monsoon, as transport operations return to normal, buying plans will probably change, altering the trajectory of the market.

Participants in the Sodium Formate market are expected to stay alert, adjusting their sourcing plans to manage the changing trade environment. While price drops are foreseen this month, steady demand from downstream industries suggests that the market will eventually stabilize.