Sodium Propionate Price In China

• China: 1185 USD/MT

The price of sodium propionate in China for Q4 2023 reached 1185 USD/MT in December..

The latest report by IMARC Group, titled "Sodium Propionate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Sodium Propionate Prices . This report delves into the price of Sodium Propionate globally, presenting a detailed analysis, along with informative Sodium Propionate price chart. Through comprehensive Sodium Propionate price News, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Sodium Propionate demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

Report Offering:

• Monthly Updates: Annual Subscription
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The study delves into the factors affecting Sodium Propionate price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

Request For a Sample Copy of the Report: https://www.imarcgroup.com/sodium-propionate-pricing-report/requestsample

Sodium Propionate Price - Last Quarter

A combination of supply chain complexity, raw material prices, and regional variations in demand are propelling the sodium propionate market in Q2 2024. The cost of production has increased in North America due to a dramatic increase in the price of raw materials, especially propionic acid, which has been passed on to consumers. This has led to pricing pressure, along with logistical difficulties brought on by environmental causes and geopolitical concerns. This tendency has been further accelerated by industry participants' strategic actions to ensure supply and satisfy rising demand. However, weaker demand and large inventory levels have caused prices to drop in the Asian market, forcing merchants to slash prices in order to clear stock.

Sodium Propionate Market Analysis

Due to supply chain interruptions and rising raw material costs, sodium propionate prices increased in North America in the second quarter of 2024. The market was further pressured by geopolitical tensions, trade disruptions, and environmental concerns that affected important transit lines. The problem was made worse by shipping delays and increased expenses as a result of diverted boats and container congestion. Furthermore, when the market responded to the changing demand, rising US queries to exporting countries further spurred price hikes. Due to excessive inventory levels and decreased demand from end-user industries, the price of sodium propionate fell in the second quarter of 2024 in the Asian market. Propionic acid's raw material costs decreased, which eased production costs and helped drive down prices. Further bolstering the decreasing pricing trend was the stabilization of freight and logistics costs.

In Europe, Sodium Propionate prices declined due to oversupply and economic uncertainties. Excess inventories, coupled with lower raw material costs and stabilized freight charges, led suppliers to offer discounts to stimulate demand. Germany experienced the most significant price adjustments as lower-than-expected demand from food and manufacturing sectors reinforced the bearish market sentiment. Despite challenges, supply chains remained intact, with no major operational disruptions reported.

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand.
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece.
• North America: United States and Canada.
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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