For the Quarter Ending September 2025
APAC
• In Indonesia, Sodium Cyanide Price Index fell by 5.54% quarter-over-quarter, reflecting weaker Chinese export parity.
• The average Sodium Cyanide price for the quarter was approximately USD 1791.67/MT, reflecting stable imports.
• Weak regional demand pressured the Sodium Cyanide Spot Price while Indonesian import volumes remained steady.
• Forward curves suggest modest rebound per the Sodium Cyanide Price Forecast amid increased exploration activity.
• Lower Chinese feedstock costs eased the Sodium Cyanide Production Cost Trend and reduced landed costs.
• Sustained gold mining activity supports the Sodium Cyanide Demand Outlook despite cautious procurement strategies.
• Inventory levels and steady freight kept the Sodium Cyanide Price Index muted, limiting upside pressure.
• Major supplier availability and balanced imports maintained market equilibrium, aligning Sodium Cyanide Price Forecast consensus.
Why did the price of Sodium Cyanide change in September 2025 in APAC?
• Chinese export price declines lowered Indonesian landed costs, reducing domestic procurement bids and spot quotations.
• Stable freight and steady import flows maintained availability, preventing shortages and limiting upward price movements.
• Mining demand remained steady while exploration activity offered support, resulting in modest net price easing.
MEA
• In Mozambique, the Sodium Cyanide Price Index rose by 0.47% quarter-over-quarter in Q3 2025, modestly.
• The average Sodium Cyanide price for the quarter was approximately USD 2076.00/MT, excluding logistics costs.
• Sodium Cyanide Spot Price displayed limited movement, the Price Index reflecting steady landed cost dynamics.
• Sodium Cyanide Price Forecast indicates marginal adjustments driven by balanced supply and steady mining demand.
• Sodium Cyanide Production Cost Trend eased with lower Indian export prices, reducing costs for importers.
• Sodium Cyanide Demand Outlook remains stable driven by ongoing mining activity and industrial investment projects.
• Inventory accumulation and moderate export demand pressured the Price Index, prompting procurement and inventory management.
• Major supplier operations remained stable, with Mozambican imports supported by solid reserves and smooth logistics.
Why did the price of Sodium Cyanide change in September 2025 in MEA?
• Lower Indian export prices transmitted to Mozambique reduced landed costs, lowering local Sodium Cyanide prices.
• Stable mining activity maintained demand, but cautious inventory management restrained upward price momentum in September.
• Favorable foreign reserves, smooth logistics minimized market volatility, enabling steady procurement and muted price movement.
North America
• The Price Index for Sodium Cyanide in North America remained fluctuating throughout Q3 2025, primarily driven by mining sector demand and industrial chemical usage. The Sodium Cyanide Spot Price saw moderate upward movements in July and August, followed by a slight correction in September.
• Why prices in September 2025 Changed: Prices decreased in September 2025 due to reduced gold mining activity in North America and stable supply from regional producers, easing short-term pressure on inventory levels.
• Sodium Cyanide is predominantly used in gold and silver extraction, electroplating, organic chemical synthesis, and as a precursor in pharmaceuticals and specialty chemicals.
• The Sodium Cyanide Production Cost Trend remained relatively stable, with minor fluctuations in raw material (hydrogen cyanide) and energy costs.
• Demand Outlook: The Sodium Cyanide Demand Outlook indicates recovery in Q4 2025 as gold mining activity resumes, supporting moderate growth. The Sodium Cyanide Price Forecast suggests potential stabilization or slight increase if downstream mining demand strengthens.
Europe
• The Price Index for Sodium Cyanide in Europe showed fluctuating trends throughout Q3 2025, influenced by industrial chemical production, mining inputs, and regulatory compliance requirements. The Sodium Cyanide Spot Price saw minor increases in July and August, followed by stabilization in September.
• Why September 2025 Changed: Prices increased slightly in September 2025 due to rising demand from industrial electroplating and specialty chemical sectors, coupled with higher energy costs affecting European production.
• Downstream Uses: Sodium Cyanide is widely used in mineral processing, metal plating, organic chemical synthesis, and pharmaceutical intermediates in Europe.
• Production Cost Trend: The Sodium Cyanide Production Cost Trend experienced moderate upward pressure in Q3 2025, largely due to electricity and hydrogen cyanide feedstock costs.
• Demand Outlook: The Sodium Cyanide Demand Outlook for Q4 2025 remains positive, with steady demand expected from mining and industrial sectors. The Sodium Cyanide Price Forecast suggests moderate stability with potential upward movement if energy prices remain high.
