In the Asia-Pacific region, sodium sulfide prices initially faced challenges in the first quarter due to poor demand from end-user industries, but a surge in supply chain disruptions and increased production costs, driven by OPEC+ restrictions in the second half of the quarter, supported higher prices.
Request for Real-Time Sodium Sulfide Prices: https://www.procurementresource.com/resource-center/sodium-sulfide-price-trends/pricerequest
However, the second quarter witnessed a decline in sodium sulfide prices due to the region’s weak economic conditions. In Europe, strong demand from the paper and detergent sector boosted sodium sulfide prices in the first quarter, along with supply shortages. Yet, the second quarter saw weakened demand, primarily from detergents and paper & pulp industries, affecting prices.
North America experienced rising sales and inventory insufficiencies in the first quarter, leading to a significant price increase. The second quarter exhibited occasional weak demand and limited inquiries from downstream industries, but stable consumption and overall market dynamics helped maintain price stability.
Definition
Sodium sulfide is a chemical compound with the formula Na2S. It is an odorless, yellow, or brick-red crystalline solid that readily dissolves in water. Sodium sulfide is highly hygroscopic, meaning it readily absorbs moisture from the air, and it can react vigorously with water to release hydrogen sulfide gas, which has a characteristic foul odor. The compound is alkaline and can undergo hydrolysis in water to form sodium hydroxide and hydrogen sulfide. It is commonly used in various industrial applications, including the production of dyes, textiles, and paper, as well as in the leather industry for hair removal during leather processing. Sodium sulfide is also used in water treatment processes and as a laboratory reagent for various chemical reactions.
Key Details About the Sodium sulfide 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 sulfide 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 sulfide Price chart, including India Sodium sulfide price, USA Sodium sulfide 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 sulfide Price Trend:
Sodium sulfide, a versatile chemical compound, finds applications in various industrial sectors. In the leather industry, it serves as a crucial agent for hair removal during leather processing. It plays a pivotal role in the production of dyes and the manufacturing of sulfur dyes for textiles. Additionally, sodium sulfide is employed in the papermaking process, where it aids in delignification and pulp processing. In the water treatment industry, it is used for removing heavy metals from wastewater through precipitation reactions. Furthermore, sodium sulfide is utilized as a laboratory reagent for conducting a range of chemical reactions and experiments. Its multifaceted properties make it indispensable in diverse industrial processes.
Key Players:
- Solvay
- American Elements
- Tessenderlo Group
- Tokyo Chemical Industry
- Emco Dyestuff Pvt Ltd
- Innova Priority Solutions
- PVS Chemicals
- Shaanxi Fuhua Trading Co Ltd
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients with up-to-date and pioneering practices in the industry to understand procurement methods, supply chains, and industry trends so that they can build strategies to achieve maximum growth.
Contact Us:
Company Name: Procurement Resource
Contact Person: Amanda Williams
Email: sales@procurementresource.com
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA
