Global Sodium Nitrate Market in Downtrend Amid Feedstock Softness and Weak Offtake

The global market of Sodium Nitrate was in downtrend in most of the August xxxx. The price index was declining in various markets across the different regions. This price fluctuation was varying from market to market due to the different personal dynamics and market approach of that country. The market values have observed a decline due to a softness in the feedstock market and the weak end-user offtake across various downstream sectors. The August was marked by market slump that should not be ignored by the market players as they could benefit from the current situation if they make decision after having a clear picture of Sodium Nitrate market.

The export market of Sodium Nitrate FOB-Shanghai (China) has observed a less steep decline of -x.xxx and the price index was assessed at USD xxx/MT. The decline was stemming from...