For the Quarter Ending September 2025
North America
• In the USA, the Sodium Thiocyanate Price Index declined quarter-over-quarter, driven by abundant supply and weak construction sector demand amid ongoing infrastructure delays.
• Sodium Thiocyanate Spot Price softened across Gulf Coast and Midwest hubs due to high inventories from steady imports and selective buying from pharmaceutical users.
• Sodium Thiocyanate Price Forecast anticipates limited stabilization into Q4 2025 as agricultural restocking offsets persistent inventory overhang and soft feedstock trends.
• Sodium Thiocyanate Demand Outlook stayed mixed, with resilience in pharmaceuticals and agriculture counterbalanced by sluggish construction and textile applications.
• Elevated terminal inventories pressured the Sodium Thiocyanate Price Index, while cautious procurement from end-users prevented steeper drops but underscored market softness.
• Major producers operated at optimized rates, ensuring feedstock availability but constraining prompt price recovery amid muted export inquiries.
Why did the price of Sodium Thiocyanate change in September 2025 in North America?
• Abundant inventories and delayed restocking in the construction sector reduced domestic offtake, exerting downward pressure on the Sodium Thiocyanate Price Index.
• Muted export demand and seasonal industrial slowdowns further tempered procurement activity, hindering any price rebound.
APAC
• In China, the Sodium Thiocyanate Price Index rose by 1.92% quarter-over-quarter, reflecting constrained supply conditions.
• The average Sodium Thiocyanate price for the quarter was approximately USD 1236.67/MT, supported by tighter availability.
• Sodium Thiocyanate Spot Price firmed amid maintenance outages and selective restocking by agrochemical and pharmaceutical buyers.
• Sodium Thiocyanate Price Forecast suggests modest volatility with monthly adjustments influenced by seasonal demand and logistics.
• Sodium Thiocyanate Production Cost Trend showed upward pressure from energy and feedstock increases, limiting seller flexibility.
• Sodium Thiocyanate Demand Outlook remains mixed with agriculture and pharma supporting while construction-related consumption stays weak.
• Sodium Thiocyanate Price Index movements were capped by distributor inventory liquidation and port congestion affecting export flows.
• Export demand recovery ahead of seasonal holidays tightened domestic supply, influencing spot availability and seller pricing discipline.
Why did the price of Sodium Thiocyanate change in September 2025 in APAC?
• Reduced production from Jiangsu and Nantong limited supply while maintenance and outages tightened volumes.
• Inventory liquidation by suppliers capped upside despite cost pressures and modest agrochemical procurement recovery.
• Port congestion and logistics delays increased shipment times, pressuring export offers and altering arbitrage dynamics.
Europe
• In Germany, the Sodium Thiocyanate Price Index declined quarter-over-quarter, driven by abundant supply and weak construction sector demand amid infrastructure slowdowns.
• Sodium Thiocyanate Spot Price softened across Rotterdam and Hamburg hubs due to high inventories from Asian imports and cautious buying from pharmaceutical and agricultural users.
• Sodium Thiocyanate Demand Outlook stayed mixed, with resilience in pharmaceuticals and agriculture counterbalanced by sluggish construction and textile applications.
• Elevated terminal inventories pressured the Sodium Thiocyanate Price Index, while cautious procurement from end-users prevented steeper declines but highlighted market softness.
• Major producers operated at optimized rates, ensuring feedstock availability but constraining prompt price recovery amid subdued export inquiries.
Why did the price of Sodium Thiocyanate change in September 2025 in Europe?
• Abundant inventories and delayed restocking in the construction sector reduced regional offtake, exerting downward pressure on the Sodium Thiocyanate Price Index.
• Muted export demand and seasonal industrial slowdowns further tempered procurement activity, hindering any price rebound.
For the Quarter Ending June 2025
North America
• The Sodium Thiocyanate Price Index in North America remained under pressure throughout Q2 2025, with prices facing headwinds from sluggish downstream consumption and prolonged destocking among key buyers.
• Spot price momentum was weak, as procurement remained conservative across the construction and agrochemical sectors, with buyers prioritizing existing stock over new purchases amid soft demand.
• The production cost trend held steady, with stable domestic raw material pricing, but producers continued to experience tight margins due to limited offtake and competitive pricing from Asian exporters.
• The demand outlook stayed muted across industrial segments, especially with slower fertilizer additive usage and reduced cement output, keeping restocking cycles subdued.
• A challenging Q2 was marked by inventory-heavy market conditions and limited export inquiries, giving sellers little pricing power and pushing the Price Index into a mild downturn.
Why did the price of Sodium Thiocyanate change in July 2025 in North America?
• Seasonal procurement did not materialize as expected, and the market faced sustained buyer reluctance due to elevated carryover stocks.
• Competitive offshore offers from Asian producers limited domestic pricing flexibility.
• Distributors adjusted offers downward to encourage movement of older inventory amidst slow-moving demand.
Europe
• The Sodium Thiocyanate Price Index in Europe reflected a difficult quarter as sellers navigated through weak spot buying and ongoing macroeconomic challenges.
• Limited spot price movement was observed as buyers remained cautious, driven by a persistent slowdown in real estate and industrial construction activity.
• The production cost trend remained relatively flat; however, low regional throughput and constrained buyer interest led to reduced supplier profitability.
• The demand outlook for cement additives and construction chemicals continued to weaken across Western and Central Europe, with ongoing housing sector pressures reducing volume allocations.
• European distributors responded to the demand slump with moderate inventory drawdowns and selective procurement, leaving the market largely oversupplied and the Price Index in decline.
Why did the price of Sodium Thiocyanate change in July 2025 in Europe?
• Lackluster performance from downstream cement and construction sectors failed to support pricing.
• Sellers were compelled to reduce offers to clear excess inventory ahead of Q3.
• Limited trade flows from Asia provided little upward momentum due to weak import appetite and subdued freight-linked competitiveness.
Asia Pacific
• The Sodium Thiocyanate Price Index in APAC rose by approximately 2.5% Q-o-Q in Q2 2025, buoyed by strong seasonal demand from agrochemical sectors in China and Southeast Asia.
• Spot price firmness emerged in May and June, as restocking activities surged among pesticide manufacturers, tightening regional availability.
• The production cost trend moved upward due to raw material shortages in regions like Jiangsu and Nantong, though backlogged inventories from previous months curbed steeper hikes.
• The demand outlook was mixed—robust in agriculture, especially during peak summer crop cycles, but notably weaker in construction and cement segments across China and India.
• Localized tightness, rising inland logistics costs, and reduced export flexibility due to port congestion contributed to sustained bullishness in regional offers.
Why did the price of Sodium Thiocyanate change in July 2025 in APAC?
• Seasonal pesticide production in China and Japan led to restocking and higher offer levels from producers.
• Suppliers raised prices cautiously amid lower inventories and stronger domestic commitments.
• Weak exports to Southeast Asia were offset by solid inland demand and tighter supply in key Chinese provinces.
For the Quarter Ending March 2025
North America
The North American Sodium Thiocyanate market experienced a decline during Q1 2025, driven by abundant supply and weak demand from the construction sector. In January, U.S. supply was stable due to strategic inventory management and favorable freight conditions, despite temporary reductions in shipments from China due to the Spring Festival. Demand was sluggish due to seasonal slowdowns, adverse weather, and high borrowing costs, limiting capital expenditure and project financing. However, federal investments in energy and data infrastructure projects provided some demand support, while stockpiling ahead of expected tariffs on Chinese imports offered a temporary boost.
In February, supply remained stable as suppliers capitalized on lower logistics costs, though global oversupply grew as Asian exporters increased production. Despite some positive job growth in the construction sector, demand remained moderate due to slow permitting processes and high interest rates. Public-sector projects helped maintain demand, but private-sector hesitancy limited growth.
By March, supply was still supported by consistent imports and lower freight costs, though overstocking and customs delays extended lead times. Demand remained weak due to issues in residential construction and cautious outlooks in the cement industry, keeping prices subdued.
Europe
The European Sodium Thiocyanate market saw a decline of approximately 3.3% in Q1 2025. In January, the market remained oversupplied as suppliers continued to offload December 2024 stocks. This kept supplies plentiful across Germany, contributing to a bearish market sentiment. Low demand, particularly in the cement and construction sectors, exacerbated the situation. Reduced production rates and closed trade routes across Europe added to the challenges, while shorter lead times further pressured prices. Despite some upward pressure from rising electricity costs, the market's surplus led to continued price declines. In February, the oversupply persisted, and despite minimal production outages, demand remained weak. The cement industry faced a steep decline in production and consumption, with continued sluggishness in construction activity. Building firms reported low new orders, further reducing the demand for Sodium Thiocyanate. Supply remained abundant, but logistical bottlenecks and closed arbitrage routes constrained market movement, reinforcing the bearish trend. By March, a drop in energy prices reduced production costs, but the market remained oversupplied due to ample inventory. Despite logistical disruptions, supply remained steady. Demand from the cement and construction sectors continued to decline, with cement dispatches down 9.48% year-on-year, contributing to ongoing bearish pressure on the Sodium Thiocyanate market.
APAC
The APAC Sodium Thiocyanate market experienced a mixed pricing situation in Q1 2025. In January, the Chinese market saw a significant depreciation of about 14.4%. This decline was driven by low demand, particularly from the chemical and cement sectors, as businesses reduced activity in preparation for the Lunar New Year holidays. Supply remained ample due to no reported disruptions, but delays at the port of Shanghai further pressured prices by causing inventory accumulation. Additionally, a contraction in China's PMI reduced consumption, exacerbating the bearish trend. In February, the market rebounded slightly, with prices rising 4.3%. The price increase was largely driven by lower production and higher production costs, coupled with reduced supply as many manufacturers had emptied their warehouses during the holiday period. While demand from the cement and pesticide industries remained weak, an improvement in China's PMI signaled recovery in the chemical intermediate sector, offering some support to prices. However, the price increase was tempered by the improved supply and reluctance among suppliers to sell at January’s depressed levels. By March, the Chinese Sodium Thiocyanate market stabilized, with prices holding steady. Production levels remained unchanged, and supply conditions were moderate, supported by steady output and no logistical disruptions. While demand showed slight improvement in some industrial segments, the construction and agrochemical sectors continued to experience weakness. The insecticide segment remained subdued due to the ongoing planting season, which limited procurement. As a result, the market remained relatively stable with no significant price fluctuations in March.
For the Quarter Ending December 2024
North America
The Sodium Thiocyanate market witnessed a mixed situation in Q4 2024, with prices initially inclining during the initial months of the quarter and then experiencing bearish market conditions. The initial rise in Sodium Thiocyanate prices was largely attributed to increases in freight charges and delayed arrivals from the exporting European market. Strikes by the International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) led to capacity losses ranging from 10% to 17% across the US East Coast, resulting in longer lead times for deliveries.
Disruptions across the US persisted due to the prevailing hurricane season, which lasted until mid-November 2024. These adverse weather conditions created challenging logistics and transportation scenarios, hindering product circulation within the inland US market. However, toward the middle of the quarter, supply conditions improved as European suppliers liquidated their inventories into the US market, resulting in ample availability of the product.
As the quarter progressed, destocking activities in the US market further increased supplies and compelled prices to succumb to bearish market conditions. Demand conditions remained low across North America, with manufacturing activities witnessing a downturn throughout the quarter. Consequently, ample supply persisted across warehouses, exerting downward pressure on prices.
Europe
The European Sodium Thiocyanate market experienced predominantly bearish market conditions throughout Q4 2024, as low demand amid ample supplies led to declining prices. The construction sector's downturn during most of the quarter contributed to reduced offtakes, both within inland Europe and from importing markets. Supplies of Sodium Thiocyanate remained abundant across the European market, with inland trading hindered by challenging weather conditions and partial functionality of ports. Notably, several North European ports were under maintenance, further impacting logistics.
The overarching fundamentals of the Sodium Thiocyanate market continued to dominate, with ample inventories and minimal disruptions in supply chains. This situation was further exacerbated by the closed arbitrage opportunities for both imports and exports within Europe.
Toward the end of the year, producers attempted to mitigate the bearish sentiment by reducing operating rates to ease oversupply. However, industrial activities wound down operations for the festive holidays, with most facilities not expected to resume production until mid-January 2025. Despite these measures, suppliers continued to move large volumes of product, leading to improved availability in the market. This dynamic further entrenched the bearish trend, with oversupply and limited demand remaining key factors in shaping the market.
APAC
The Asian sodium thiocyanate market saw significant price fluctuations in late 2024, with prices initially rising by 4%, then falling by 11%, and later rebounding by 12%. In October, early price increases were driven by higher production costs and supply shortages due to manufacturing facility closures in the first week of the month, leading to a tight domestic market. However, by mid-month, the market shifted as suppliers had abundant inventories to liquidate. With weak demand from the cement and construction sectors, prices fell, with suppliers lowering prices by 50–80 yuan per metric ton. Additionally, exports dropped, contributing to a supply glut. As 2024 came to a close, rising production costs, restocking urgency ahead of the Lunar New Year, and a slight recovery in demand pushed prices higher, with increases of 150–300 yuan per metric ton, as suppliers aimed to capitalize on improved market sentiment and demand for immediate dispatch.
