For the Quarter Ending December 2022
North America
The Sodium Bisulfite market fluctuated in North America during the fourth quarter of 2022. Although China's intermittent lockdowns compelled manufacturers of other food additives to reduce prices, demand for Sodium Bisulfite in end-user Food & Beverage industries in the US remained strong. There were sufficient inventories at the end of the quarter to satisfy domestic demand. As the two largest economies in the world—China and the US—struggled with clogged supply chains and fluctuating oil prices, the Biden administration took the initiative to waive some duties on imports from China. This was done in an effort to reduce the surging inflation. Towards the end of the quarter, the prices for Sodium Bisulfite were assessed at around USD 845/MT for CFR New York in December.
Asia Pacific
In the fourth quarter of 2022, the market for Sodium Bisulfite in the Asia Pacific region fluctuated. In the domestic Chinese market, the cost of Sodium Bisulfite declined in the first half of the quarter before increasing in the second half. Due to the closure of industrial facilities for the Golden Week, orders for China's Sodium Bisulfite producing industry decreased progressively during the first week of October. After a one-week hiatus, Chinese traders had to contend with a variety of conflicting signals, making it difficult for the market to catch up to the modest increase observed in several downstream industries during the first half of Q4. Due to ample stocks, domestic producers and suppliers were able to satisfy the entire quarter's demand. Because suppliers and customers in the Chinese and Indian markets had enough stocks, offtakes from the downstream food and beverage sectors were consistent throughout the year. Towards the end of the quarter, the prices for Sodium Bisulfite were assessed at around USD 385/MT for FOB Shanghai in December.
Europe
In the fourth quarter of 2022, opinions on the European Sodium Bisulfite Market were inconsistent. Despite China's repeated lockdowns compelling producers of different food additives to lower costs, the US market offtakes for Sodium Bisulfite in end-user food and beverage industries remained healthy. Over the quarter, there were sufficient inventories to meet domestic demand. The Biden administration took the initiative to lower some tariffs on imports from China as the world's two largest economies, China and the US, struggled with clogged supply chains and shifting energy prices. This contributed to bringing down the out-of-control inflation.
For the Quarter Ending September 2022
North America
The third quarter of 2022 fluctuated comments on the North American Sodium Bisulfite market. Although China's sporadic lockdowns forced producers of different food additives to lower costs, the US market offtakes for Sodium Bisulfite in end-user food and beverage industries remained robust. Over the quarter, there were enough inventories to meet the domestic demand. The Biden administration took the initiative to waive some tariffs on imports from China to lower the skyrocketing inflation as the two largest economies in the world, i.e., China and the US, struggled with congested supply chains and shifting oil costs. Towards the end of the quarter, the prices for Sodium Bisulfite were assessed at around USD 892/MT for CFR New York in September.
Asia Pacific
In the third quarter of 2022, the market for sodium bisulfite in the Asia Pacific area was on the decline. In the domestic Chinese market, the cost of sodium bisulfite declined in the first half of the quarter before increasing in the second half. Sending the product to foreign markets was much simpler than under the previous, unjustified zero-tolerance policy for covid outbreaks. Given that China is the world's top supplier of sodium bisulfite, the tolerance laws and regulations considerably enhanced production and logistics. Because suppliers and customers in the Chinese and Indian markets had enough stocks, offtakes from the downstream food and beverage sectors were consistent throughout the year. Towards the end of the quarter, the prices for Sodium Bisulfite were assessed at around USD 397/MT for FOB Shanghai in September.
Europe
Comments on the European Sodium Bisulfite market fluctuated in the third quarter of 2022. The US market offtakes for Sodium Bisulfite in end-user food and beverage industries remained healthy, despite China's periodic lockdowns forcing producers of various food additives to decrease costs. There were enough inventories over the quarter to satisfy domestic demand. As the world's two largest economies, China and the US, battled clogged supply chains and fluctuating energy prices, the Biden administration lifted some tariffs on imports from China. This helped to reduce the inflation that was spiraling out of control.
The second quarter of 2022 had positive comments on the North American Sodium Bisulfite market. Although China's sporadic lockdowns forced producers of different food additives to lower costs, the US market offtakes for Sodium Bisulfite in end-user food and beverage industries remained robust. Over the quarter, there were enough inventories to meet the domestic demand. The Biden administration took the initiative to waive some tariffs on imports from China to lower the skyrocketing inflation as the two largest economies in the world, i.e., China and the US, struggled with congested supply chains and shifting oil costs.
The market for Sodium Bisulfite in the Asia Pacific region showed a positive trend in the second quarter of 2022. The prices of Sodium Bisulfite in the Chinese domestic market were unchanged during the first half of the quarter before rising towards the end of the period. Sending the product to overseas markets was significantly more challenging than the unreasonable zero covid tolerance policy implemented following the covid outbreak in the first week of April. The tolerance regulations and legislation significantly impacted manufacturing and logistics, given that China is the world's largest supplier of Sodium Bisulfite. Offtakes from the downstream food and beverage sectors remained constant throughout the year because suppliers and clients in both the Chinese and Indian markets had sufficient stockpiles.
Due to sustained offtakes in the end-user food and beverage sectors, the European Sodium Bisulfite market displayed a positive trend during the second quarter of 2022. To satisfy the entire downstream demand in the region, European manufacturers and traders had a sizable quantity of Sodium Bisulfite inventories on hand. While the conflict between Russia and Ukraine significantly impacted shipping prices and the movement of goods into and out of Europe, it also made it more difficult for European nations to do business on global markets.
