In the Asia-Pacific region, the sodium chlorate price saw an initial uptick in Q1 due to a balanced supply and demand. However, it took a sharp nosedive as stockpiles surged excessively, despite robust demand from detergent and paper industries. The situation gradually ameliorated in Q2, with prices stabilizing, sustained demand from downstream sectors until May, and a reduction in excess stockpiles. June posed a challenge with production rates weakening and insufficient support from raw materials.
Meanwhile, European sodium chlorate prices saw an upswing in Q1 propelled by fresh orders from detergent and paper industries, coupled with low inventories. This momentum continued into Q2, driven by increasing demand and rising costs of raw materials.
In North America, Q1 experienced a surge in demand from detergent and paper sectors, and despite minor disruptions, Q2 maintained a steady 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 is utilized in various industrial applications due to its strong oxidizing and chemical properties. In the paper and pulp industry, it’s a key component in the bleaching process, helping to remove color and impurities from pulp to produce high-quality paper products. Additionally, it’s employed in water treatment as a powerful oxidizing agent to eliminate organic contaminants and bacteria. In the manufacturing of dyes and pigments, sodium chlorate acts as an intermediate for producing colorants. Its use extends to the production of herbicides, defoliants, and explosives. Its effectiveness as an oxidizer and its diverse applications makes sodium chlorate a valuable compound across multiple industries.
Key Players:
- Eka Chemicals
- Erco Worldwide
- Canexus
- Kemira Oyj
- China First Chemical Holdings Limited
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