Sodium Thiosulfate Price Chart, Historical and Forecast Analysis | Procurement Resource from Christeen Johnson's blog
The Sodium Thiosulfate price index in the Asia Pacific experienced fluctuations in 2023, primarily influenced by varying feedstock materials. The first quarter witnessed a decrease attributed to low inventories and unstable crude oil costs, presenting challenges for investments and trade. However, the second quarter saw a resurgence driven by improved feedstock prices, fueled by the fertilizer industry's demand for derivatives.
In Europe, disrupted supply chains, diminished end-user demand, and unpredictable freight charges contributed to price decreases in both quarters. The second quarter saw a more significant decline due to factors related to petrochemicals and fertilizers. Meanwhile, in North America, economic instability and fluctuations in oil prices had a negative impact on prices. The first quarter was affected by banking issues, while the second was influenced by high energy production costs and a weak economy, dissuading investors and leading to price declines.
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DefinitionSodium 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.
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.
Sodium thiosulfate boasts diverse industrial applications owing to its unique chemical characteristics. Primarily, it serves as a photographic fixer in the photography industry, aiding in the removal of unexposed silver halide crystals from photographic paper or film. In water treatment, it plays a vital role in dechlorinating tap water by neutralizing harmful chlorine residues. The textile industry relies on sodium thiosulfate for eliminating excess chlorine during bleaching processes. Moreover, it is utilized in the mining sector for gold extraction and in the oil and gas industry to mitigate hydrogen sulfide emissions. Its versatility and capacity to neutralize and reduce various chemicals render sodium thiosulfate indispensable across a myriad of industrial processes.
Key Players:
- INEOS
- Liyang Qingfeng Fine Chemical Co Ltd
- Changsha Weichuang Chemical Co Ltd
- Nissei Corporation
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