Sodium Tripolyphosphate Prices Trend, Monitor, News, Analytics and Forecast | ChemAnalyst

Sodium Tripolyphosphate Prices: During the Quarter Ending December 2023

North America:

In the fourth quarter of 2023, the Sodium Tripolyphosphate (STPP) market in North America witnessed a decline in prices, largely influenced by several pivotal factors. Weak demand from downstream industries such as water treatment, detergent, food, and beverages significantly impacted market sentiments. The end of the summer season, typically marked by increased STPP demand, further exacerbated this trend. Moreover, imports of competitively priced goods added downward pressure on prices amidst sluggish consumer inquiries.

However, ample material availability in the domestic market led to limited procurement, contributing to further price decreases. In the United States, which experienced the most notable price fluctuations in the region, the market exhibited a bearish sentiment. Weak demand outlook and poor market sentiments resulted in diminished business confidence, reflected in low inquiries from downstream industries.

Although there was a marginal uptick in manufacturing PMI, overall business activity remained stagnant, with the services sector operating at its weakest rate since February. No plant shutdowns were reported during the quarter. The latest settled prices of Sodium Tripolyphosphate (STPP) CFR Los Angeles in the USA at the end of December 2023 stood at USD 1040/MT. Overall, the North American Sodium Tripolyphosphate market encountered challenges in Q4 2023, characterized by weak demand and subdued market sentiments impacting prices.

Get Real Time Prices of Sodium Tripolyphosphate: https://www.chemanalyst.com/Pricing-data/sodium-tripolyphosphate-1540

APAC:

In the APAC region, the fourth quarter of 2023 saw a decline in Sodium Tripolyphosphate (STPP) prices due to weak demand and decreasing production costs. Demand from industries such as water treatment, detergent, and food and beverages remained low, resulting in ample material availability in the market. High domestic inventories and reluctance among consumers to make new purchases led to limited market transactions.

Industrial performance saw slight improvement as manufacturing firms increased production rates, contributing to built-up inventories. Furthermore, decreased cost pressure from upstream raw materials, particularly Phosphoric acid, alleviated production costs. No plant shutdowns were reported during this period. China experienced a decrease in STPP prices during the fourth quarter as domestic manufacturers operated at a slower pace to manage consumer destocking and avoid excess supplies. With low demand from downstream industries and a decrease in the official Manufacturing PMI, indicating the need for additional government support, the market sentiment remained bearish in China.

The price of STPP in China at the end of the fourth quarter was USD 985/MT (FOB Shanghai). Overall, the STPP market in China exhibited high supply and low demand, reflecting a bearish market sentiment.

Europe:

In the fourth quarter of 2023, the Sodium Tripolyphosphate market in Europe displayed a mixed pricing trend. October saw a decline in prices in Russia due to reduced demand in water treatment and detergent sectors, alongside a slight decrease in manufacturing PMI to 53.8. Sellers responded by lowering prices amidst lower production costs and weak restocking demand in Asian markets.

November witnessed a price increase driven by heightened demand in downstream industries, both domestically and overseas, while the manufacturing PMI remained steady at 53.8. However, inflation rose to 7.48% year on year, and the consumer price index (CPI) grew by 1.11% month on month. December saw a slight decline in Sodium Tripolyphosphate prices due to subdued consumer demand and high domestic inventories, alongside decreased manufacturing costs with a drop in upstream Phosphoric acid prices.

Despite these challenges, market transactions increased, and higher volume trades were recorded. As of December 2023, assessed prices of Sodium Tripolyphosphate (FOB Saint Petersburg) were 954/MT.

Get Real Time Prices of Sodium Tripolyphosphate: https://www.chemanalyst.com/Pricing-data/sodium-tripolyphosphate-1540

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