Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending September 2023   North America In the third quarter of 2023,  Sodium Benzoate prices  in CFR New York witnessed an uptick, climbing from $1235 to $1310 per metric ton. This increase contributed positively to the quarter, indicating a clear preference for higher price levels with an average quarterly rise of 1.60%. The domestic nutraceutical market experienced growth, fueled by increasing demand for Sodium Benzoate across various industries. Limited to moderate inventory levels prompted sellers to incrementally raise prices monthly, playing a significant role in sustaining the optimistic price trend in the United States. Moreover, import costs rose in the latter part of the quarter due to fluctuations in the exchange rate between the US dollar and the Yuan. Despite some slowing inflation in the third quarter, market participants remained vigilant due to the Federal Reserve's decision to raise interest rates. Notably, warehousing costs, warehouse...

For the Quarter Ending June 2023 North America: In the second quarter of 2023,  Sodium Benzoate prices  in the US market experienced a significant decline due to sporadic shifts in supply and demand throughout the month. By the end of Q2 2023, the price had fallen, resulting in an average quarterly decrease of 3.65%. Initially, the market saw a dramatic increase in CFR New York values of Sodium Benzoate due to improved supply and demand dynamics. The relaxation of the zero-tolerance policy led to increased trade between Asia and the US, causing a mild shortage of Sodium Benzoate on domestic warehouse shelves, driven by heightened demand from end-user suppliers. Furthermore, rising prices of raw material Benzoic acid contributed to the upward price trend. However, as time progressed, the market witnessed a weakening situation, with Sodium Benzoate prices remaining weak and stabilizing. Most downstream markets experienced average demand recently, and the price of upstream Sodium...