In the North American market, the Sodium Chlorite Prices observed a mixed pricing trend in the first quarter of 2023. The market sentiments for the product were in positive territory in the first month of Q1 2023 amid increased production rates and a surge in demand from the downstream textile and water treatment industries. In the next month of Q1, the market prices of Sodium Chlorite increased further owing to stronger demand in the downstream textile and water treatment industries and active inquiries from domestic as well as international market participants. Amid looming inflationary pressure, uncertainties regarding the economy and the collapse of two banks in the US resulted in a weaker consumer demand outlook in the last month of Q1, and hence, the market sentiments for Sodium Chlorite exhibited a bearish trend this month.
In the first quarter of 2023, the Sodium Chlorite market observed a mixed pricing trend in the Indian Domestic market. In the first month of Q1, the market prices declined as demand from the downstream industries was sluggish, and the imports reaching the Indian shore remained on the softer side due to weak international demand sentiment. In the second month, the prices upsurged by an excellent margin due to increased rates of production and a rise in domestic demand from the downstream textile and water treatment industries. In the last month, the prices plummeted amid weaker cost support from the upstream Hydrogen peroxide Prices and suppressed demand amid high inventory levels of the product in the region. Thus, the prices of Sodium Chlorite 25% Ex-Mumbai settled at INR 73250 per ton at the end of Q1 2023.
The overall pricing of Sodium Chlorite in the European market demonstrated mixed market sentiments in the first quarter of 2023. The product's prices increased in the first month of Q1 due to the lack of market competitiveness in the region as the Asian market activities remained at lower levels in this period. In February, market prices began to fall as inflationary pressures and uncertainties regarding economic conditions affected consumer sentiments, resulting in limited purchases of the product. Overall market prices dropped further in March due to reduced procurement from the downstream textile and water treatment industries. Also, the manufacturing PMI fell amid weaker demand and a drop in input costs in the European region this month, resulting in bearish market sentiments for Sodium Chlorite in the region.
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