Throughout 2023, Sodium thiosulfate prices in the Asia Pacific were subject to shifts influenced by volatile feedstock materials. Initially, the first quarter witnessed a downturn owing to limited inventories and unpredictable crude oil costs, presenting obstacles for investments and trade. However, the second quarter saw a resurgence as feedstock prices improved, propelled by heightened demand for derivatives from the fertilizer industry.
Request for Real-Time Sodium Thiosulfate Prices: https://www.procurementresource.com/resource-center/sodium-thiosulfate-price-trends/pricerequest
Contrarily, Europe experienced disrupted supply chains, diminished demand from end-users, and uncertain freight charges, resulting in price declines across both quarters. The second quarter witnessed a more pronounced drop, attributed to factors linked to petrochemicals and fertilizers. In North America, economic instability coupled with fluctuations in oil prices had a detrimental effect on Sodium thiosulfate prices. The first quarter grappled with banking issues, while the second quarter was impacted by soaring energy production costs and a sluggish economy, dissuading investors and leading to further price reductions.
Definition
Sodium thiosulfate, a chemical compound with the formula Na2S2O3, is a white crystalline substance often used as a photographic fixer, medical dechlorinator, and in various industrial processes. It is soluble in water and has a mild, sulfur-like odor. Sodium thiosulfate is known for its ability to rapidly neutralize chlorine and is utilized in water treatment. It is also a reducing agent and can be involved in redox reactions. Moreover, it finds application in medicine to treat cyanide poisoning and is valued for its versatility in multiple industries.
Key Details About the Sodium Thiosulfate Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Sodium Thiosulfate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Sodium Thiosulfate Price trends, including India Sodium Thiosulfate price, USA Sodium Thiosulfate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Sodium Thiosulfate Price Trend:
Sodium thiosulfate boasts a range of industrial uses owing to its exceptional chemical properties. It serves as a vital component in the photography realm by acting as a photographic fixer, aiding in the elimination of unexposed silver halide crystals from photographic film or paper. Within the water treatment domain, sodium thiosulfate is a key agent, effectively dechlorinating tap water by neutralizing harmful chlorine remnants. Its significance extends to the textile industry, where it plays a pivotal role in purging excess chlorine from textiles during bleaching procedures. Furthermore, this compound plays an essential role in gold extraction within the mining sector and in the oil and gas industry by curbing emissions of hydrogen sulfide. Its adaptability and capacity to neutralize and diminish various chemicals render sodium thiosulfate indispensable across a spectrum of industrial processes.
Key Players:
- INEOS
- Liyang Qingfeng Fine Chemical Co Ltd
- Changsha Weichuang Chemical Co Ltd
- Nissei Corporation
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients with up-to-date and pioneering practices in the industry to understand procurement methods, supply chains, and industry trends so that they can build strategies to achieve maximum growth
Contact Us:
Company Name: Procurement Resource
Contact Person: Christeen Johnson
Email: [email protected]
Toll Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA