For the Quarter Ending December 2022
North America
In the fourth quarter of 2022, the Sodium Chlorite market in the North American region has remained under considerable pressure amidst the swindling market dynamics. The region observed a restricted export outlook at the start of the quarter, especially for the European nations. However, the last month of the quarter presented several new challenges to the US Sodium Chlorite market as the operating rates dropped considerably amidst the blizzard storm in the region, pressurizing the value and supply chain at the same duration.
Asia Pacific
Overall, the Sodium Chlorite market in the Asia Pacific region showcased mixed sentiments based on sub-regions and seasonal duration for the supply-demand outlook in the domestic market. The far east Asian markets, especially China, have observed considerable challenges amidst the dull demand outlook. That further coupled with challenges that occurred amidst adjusting the operating rates at manufacturing facilities followed by the market slowdown. At the same time, the Southeast Asian market observed a supply glut in the mid of the fourth quarter amid of festive season. In contradiction, the second half observed a surge in the availability of the material in the domestic market provoked by the destocking practices and price competitiveness between the suppliers in the region.
Europe
The Sodium Chlorite market in Europe has remained consolidated during the fourth quarter of 2022. The overall market outlook has improved considerably over the past few months after the market activities resumed. Although several new challenges were enforced in the domestic European markets due to the high inflation, the interest rates were high. Further, coupled with the high energy prices across Europe, as a ripple effect, the production cost has surged tremendously, forcing the producers to adjust the operating rates to sustain adequate netbacks.
For the Quarter Ending September 2022
North America
In the third quarter of 2022, the Sodium Chlorite market in the North American region remained balanced. There is no delay or disruption amidst the hurricane season. In contrast, the offtakes for Sodium Chlorite remained consistent to avoid further disruptions as the possibility of a hurricane is still hovering over the market dynamics. Therefore the DDP USGC discussions for Sodium Chlorite were assessed at USD 825 per tonne during September 2022.
Asia Pacific
Overall the Sodium Chlorite market in the Asian domestic market witnessed mixed sentiments during the third quarter of 2022. The market dynamics in the Southeast Asian markets have remained stagnant to bearish amidst the off-season due to the monsoon. At the same time, the Northeast Asian markets remained unclear and witnessed supply constraints after the Chinese market faced power rationing followed by the energy reforms. As a ripple effect, the Ex-Bhiwandi discussions for Sodium Chlorite were assessed at INR 72810 per tonne during September 2022.
Europe
The Sodium Chlorite market in Europe remained dull in the third quarter of 2022. This market trend is majorly attributed to the muted market activities due to the prolonged holidays. In response, the demand for Sodium Chlorite remained dull in the domestic market. In addition, the demand slightly rebounded in September as market activities resumed. As a ripple effect, the DDP Antwerp discussions for Sodium Chlorite were assessed at USD 911 per tonne in September.
For the Quarter Ending June 2022
North America
The market for Sodium Chlorite witnessed an upward trajectory in the second quarter of 2022 in North America. In April, the USA's Sodium Chlorite prices showed an increased trend backed by the high downstream demand. Besides, end-user stable demand in June affected the price movement of Sodium Chlorite in the USA. Moreover, Force majeure in primary Chlor Alkali producing chemical plants such as Olin and Westlake in the US system resulted in diminished offers for the product in June. The high inflation rate in the USA amid the War between Russia and Ukraine conclusively affected market dynamics of Sodium Chlorite in June.
APAC
The Sodium Chlorite market witnessed an overall upward trend in Q2 of 2022. The price trend of Sodium Chlorite followed an upward trajectory in the Asian market amid resurgence of COVID 19 cases in China and hampered production activities. Limited availability of inventories with enterprises and high demand conclusively impacted the price dynamics of Sodium Chlorite in the Asian region. Besides, Sodium Chlorite's price trend declined in June because of limited inquiries and ease in the feedstock Sodium Hydroxide prices in the region. Demand for Sodium Chlorite was more sluggish than expected. Meanwhile, depreciation in Chinese and Indian currencies against the US dollar due to high rate of inflation, which also caused downward pressure on Sodium Chlorite costs in Asia.
Europe
Sodium Chlorite prices showcased mixed market sentiments in the European market for Q2 2022. In Germany, decent downstream demand resulted in an increasing trend in Sodium Chlorite prices at the end of June. The ongoing geopolitical War caused upward pressure on Sodium Chlorite in the European region amid high inflation rates. Besides, in April, weak local market demand resulted in a fall in the prices of Sodium Chlorite. In addition, the European currency (Euro) depreciation against the US dollar eased-up the Sodium Chlorite costs. Moreover, fluctuation in upstream feedstock Sodium Hydroxide and energy values conclusively compelled the traders to revise their offers in the market.
