Sodium Nitrite was the market’s core during May, a month characterized by soaring freight charges, increasing port congestion, and continuous geopolitical unrest. Sodium Nitrite&#xx;s capacity to maintain price stability is drawing attention from the global chemicals industry as major industrial centers like China and top-consuming regions like India face increasing logistical and economic challenges.
For the fifth week in a row Sodium Nitrite price in China (FOB Qingdao) remained remarkably stable at USD xxx/MT as of the fourth week of May xxxx. After a slight increase earlier in the month, the Sodium Nitrite (ex-Vapi) market in India likewise held stable at INR xx,xxx/MT. This plateau, which was attained in spite of erratic upstream inputs and regional conflicts, indicates a supply-demand dynamic that is well-balanced, which is uncommon in the current chaotic market.
The world’s largest supplier of...
