The Sodium Thiosulfate Price Index in the Asia Pacific during 2023 experienced fluctuations primarily driven by changes in feedstock materials. In the first quarter, prices declined due to diminished inventories and volatile crude oil costs, presenting challenges for investments and trade. However, the second quarter saw a rebound as feedstock prices improved, fueled by heightened demand from the fertilizer industry for derivatives.
In Europe, disrupted supply chains, reduced end-user demand, and uncertain freight charges contributed to price declines across both quarters. The second quarter witnessed a more significant drop, attributable to factors within the petrochemical and fertilizer industries.
Meanwhile, in North America, economic instability and fluctuations in oil prices had a detrimental effect on sodium thiosulfate prices. The first quarter was impacted by banking issues, while the second quarter saw price declines due to high energy production costs and a weak economy, discouraging investor participation.
Request for Real-Time Sodium Thiosulfate Prices: https://www.procurementresource.com/resource-center/sodium-thiosulfate-price-trends/pricerequest
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 chart, 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 is widely utilized across various industries owing to its distinctive chemical characteristics. A primary application is within the photography sector, where it serves as a photographic fixer, aiding in the removal of unexposed silver halide crystals from photographic materials such as paper or film. In water treatment, sodium thiosulfate is crucial for dechlorinating tap water, effectively neutralizing harmful chlorine residues. It also plays a vital role in the textile industry, facilitating the removal of excess chlorine during bleaching procedures. Moreover, its significance extends to the mining sector, where it is employed in gold extraction, and to the oil and gas industry for mitigating hydrogen sulfide emissions. Given its versatility and capacity to neutralize and reduce various chemicals, sodium thiosulfate is indispensable in numerous 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: sales@procurementresource.com
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
