Sodium Thiosulfate Price History and Forecast Analysis | Procurement Resource

Throughout 2023, Sodium thiosulfate prices in the Asia Pacific region were subject to shifts due to varying feedstock materials. The initial quarter witnessed a decrease owing to limited inventories and unstable crude oil expenses, creating obstacles for investments and trade wellhealthorga nic buffalo milk tag. However, the subsequent quarter saw a resurgence as feedstock costs improved, driven by heightened demand from the fertilizer industry for derivatives.

In Europe, disrupted supply chains, decreased demand from end-users, and uncertain freight charges contributed to price declines in both quarters. The second quarter experienced a more pronounced drop due to factors linked to petrochemicals and fertilizers. In North America, economic instability and fluctuations in oil prices had a negative impact on Sodium thiosulfate prices. The first quarter was affected by banking issues, while the second quarter faced high production costs in energy and a weakened economy, dissuading investors and resulting in 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 wellhealth ayurvedic health tips. 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 trends, 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 possesses a range of industrial uses owing to its distinct chemical characteristics. Its primary application lies within the photography field as a photographic fixer, aiding in the removal of unexposed silver halide crystals from photographic paper or film healthy life wellhealthorganic. Furthermore, in water treatment, it serves to dechlorinate tap water, effectively neutralizing detrimental chlorine residues. In the textile realm, it plays a vital role by eliminating excess chlorine from textiles during bleaching procedures. Beyond these domains, it serves in the mining sector for gold extraction and in the oil and gas industry to counter hydrogen sulfide emissions. Its versatility and capacity to neutralize and diminish various chemicals underscore sodium thiosulfate’s indispensable role across numerous industrial processes.

Key Players:

• INEOS
• Liyang Qingfeng Fine Chemical Co Ltd
• Changsha Weichuang Chemical Co Ltd
• Nissei Corporation

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