The Sodium Thiosulfate Price Index experienced fluctuations in the Asia Pacific region throughout 2023, primarily influenced by volatile feedstock materials. The first quarter witnessed a decline, attributed to low inventories and erratic crude oil costs, posing challenges for investment and trade. However, the second quarter saw a rebound driven by improved feedstock prices, spurred by heightened demand from the fertilizer industry.
In Europe, disrupted supply chains, reduced end-user demand, and uncertain freight charges led to declines in the Sodium Thiosulfate Price Index in both quarters. The second quarter particularly suffered a significant drop due to factors related to petrochemicals and fertilizers.
Similarly, in North America, economic instability and oil price fluctuations exerted a negative impact on the Sodium Thiosulfate Price Index. Banking issues affected the first quarter, while high energy production costs and a weak economy deterred investors in the second quarter, leading to price declines.
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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 boasts a range of industrial applications owing to its distinctive chemical properties. One prominent usage lies within the photography sector, where it serves as a photographic fixer, aiding in the removal of unexposed silver halide crystals from photographic paper or film. In water treatment, sodium thiosulfate is vital for dechlorinating tap water, effectively neutralizing harmful chlorine residues. The textile industry relies on it for eliminating excess chlorine during bleaching processes. Moreover, sodium thiosulfate plays a crucial role in gold extraction within the mining industry and in mitigating hydrogen sulfide emissions in the oil and gas sector. Its versatility and capability to neutralize and reduce various chemicals render sodium thiosulfate indispensable across a spectrum of industrial processes.
Key Players:
- INEOS
- Liyang Qingfeng Fine Chemical Co Ltd
- Changsha Weichuang Chemical Co Ltd
- Nissei Corporation
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