Sodium Chlorate Price Chart, Historical and Forecast Analysis | Procurement Resource
Author : Christeen Johnson | Published On : 19 Dec 2023
In the Asia-Pacific region, the initial rise in sodium chlorate prices during Q1 was due to a balanced supply and demand scenario. However, prices saw a significant drop as a result of excessive inventory, despite strong demands from the detergent and paper industries. The situation began to ameliorate in Q2, with prices stabilizing, sustained demand from downstream industries until May, and reduced stockpiles. Challenges emerged in June due to sluggish production rates and inadequate support from raw materials.
Meanwhile, European sodium chlorate prices showed improvement in Q1, driven by fresh orders from the detergent and paper sectors, low inventory levels, and this momentum continued into Q2 with increasing demand and rising feedstock costs. North America experienced a surge in demand from detergents and paper industries during Q1, and despite minor disruptions, Q2 maintained a stable upward trend.
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Definition
Sodium chlorate is a chemical compound with the formula NaClO3. It is a white crystalline solid with strong oxidizing properties. Sodium chlorate is soluble in water and commonly used in various industrial applications, including paper and pulp bleaching, water treatment, and as an intermediate in dye and pigment production. Its oxidizing nature makes it suitable for herbicides and defoliants, as well as in the production of explosives. Sodium chlorate's versatility stems from its ability to release oxygen when heated, contributing to its usefulness in a wide range of applications.
Key Details About the Sodium Chlorate 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 Chlorate 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 Chlorate Price trends, including India Sodium Chlorate price, USA Sodium Chlorate 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 Chlorate Price Trend:
Sodium chlorate finds widespread application across diverse industries owing to its potent oxidizing and chemical attributes. Within the paper and pulp sector, it serves as a vital element in the bleaching process, aiding in the elimination of impurities and color from pulp, thereby contributing to the creation of superior quality paper goods. Moreover, its role as a robust oxidizing agent in water treatment is pivotal for eradicating organic pollutants and bacteria. In the realm of dye and pigment manufacturing, sodium chlorate functions as an intermediary, facilitating the production of various colorants. Furthermore, its utility expands to the creation of herbicides, defoliants, and explosives. With its efficacy as an oxidizer and its diverse range of applications, sodium chlorate stands as a highly valuable compound across multiple industrial sectors.
Key Players:
- Eka Chemicals
- Erco Worldwide
- Canexus
- Kemira Oyj
- China First Chemical Holdings Limited
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