North America Sodium Benzoate Prices Movement Q3:
Sodium Benzoate Prices in United States:
Product | Category | Price |
Sodium Benzoate | Specialty Chemical | 1,430 USD/MT |
In September 2024, sodium benzoate prices in the United States reached 1,430 USD/MT for Q3. In Q3 2024, sodium benzoate prices in the USA were shaped by several factors. A decline in demand from bordering regions led to reduced trading activity, impacting market dynamics. As a major importer, the USA followed the pricing trends of leading exporters, further influencing local market conditions. End-users adopted a need-based purchasing approach, avoiding bulk orders and maintaining minimal inventory levels. In response, manufacturers scaled back production to align with the lower demand, leading to shortened lead times. These combined factors created a more cautious and regulated market environment, keeping sodium benzoate prices relatively stable during the quarter.
APAC Sodium Benzoate Prices Movement Q3:
Sodium Benzoate Prices in China:
Product | Category | Price |
Sodium Benzoate | Specialty Chemical | 1,105 USD/MT |
In September 2024, sodium benzoate prices in China stabilized at 1,105 USD/MT for Q3. In Q3 2024, sodium benzoate prices in China experienced fluctuations due to various factors. The appreciation of the yuan increased production costs, while extreme weather events caused temporary production outages, further tightening supply. High user demand, particularly from the food and pharmaceutical industries, added to the market's supply-demand imbalances, creating upward pressure on prices. Despite these challenges, the manufacturing sector displayed resilience, with operational effectiveness helping stabilize prices toward the end of the quarter. Supply constraints were gradually mitigated as inquiries moderated and production efficiencies improved, allowing the market to establish a more balanced pricing trend.
Europe Sodium Benzoate Price Movement:
Product | Category | Price |
Sodium Benzoate | Specialty Chemical | 1,320 USD/MT |
In September 2024, sodium benzoate prices in Germany reached 1,320 USD/MT for Q3. In Q3 2024, sodium benzoate prices in Germany were impacted by weak demand from key industries, prompting businesses to reduce their inventories to minimize storage costs. This inventory clearance resulted in an oversupply in the market, creating downward pressure on prices. Traders, facing increased supply and a need to maintain cash flow, were compelled to liquidate their holdings at competitive rates. The combination of subdued industrial demand and aggressive inventory management created a challenging market environment, driving price adjustments throughout the quarter. These factors underscored the cautious approach adopted by market participants to navigate economic uncertainties.
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How IMARC Pricing Database Can Help
The latest IMARC Group study, “Sodium Benzoate Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Sodium Benzoate price trend, offering key insights into global Sodium Benzoate market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.
The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Sodium Benzoate demand, illustrating how consumer behaviour and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.
Explore Full Report: https://www.imarcgroup.com/sodium-benzoate-pricing-report
Key Features:
Key Attributes | Details |
Product Name | Sodium Benzoate |
Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Sodium Benzoate Price Analysis, and Segment-Wise Assessment. |
Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
Information Covered for Key Suppliers | · Company Overview · Business Description · Recent Trends and Developments |
Customization Scope | The report can be customized as per the requirements of the customer |
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