For the Quarter Ending September 2022
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.
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.
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
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.
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.
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.