In Q1 2023, Asia's caustic soda (flakes) market displayed stability, marked by increased orders and a modest inflation decline. China's industrial production rebounded post-holidays and COVID restrictions, supporting market growth. Conversely, South Korea grappled with rising stocks and uncertainties. Q2, however, witnessed a market decline due to higher energy costs and mounting inventories amid sluggish demand.
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In Europe, Q1 saw price decreases due to market uncertainties and limited buyer purchasing power. While aluminum and related industries generated inquiries, overseas procurement remained a concern. In Q2, labor strikes and supply constraints led to shortages but couldn't counter slow economic activity, resulting in falling prices. In North America, declining prices persisted due to reduced demand in agrochemical and cleaning sectors, inventory surpluses, and supply chain disruptions. Q2 faced continued challenges, including product oversupply, a sluggish regional economy, and weak downstream industry performance, maintaining a negative caustic soda (flakes) price trend.
Definition
Caustic soda flakes, chemically known as sodium hydroxide (NaOH), are a highly corrosive and alkaline substance. They are typically in solid form and are soluble in water. Caustic soda flakes are used in various industrial applications, such as chemical manufacturing, water treatment, and soap production, for their strong alkalinity and ability to neutralize acids. However, they require careful handling due to their caustic nature and potential hazards.
Key Details About the Caustic Soda (Flakes) 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 Caustic soda (Flakes) 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 Caustic Soda (Flakes) Price chart, including India Caustic Soda (Flakes) price, USA Caustic Soda (Flakes) 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 Caustic Soda (Flakes) Price Trend:
Caustic soda flakes find extensive industrial applications as a versatile chemical reagent. They are used in petroleum refining for neutralization and desulfurization, in pulp and paper manufacturing for delignification and bleaching, and in textile processing for mercerization. Additionally, caustic soda is crucial in alumina production, water treatment to adjust pH levels, and as a cleaning agent in food processing. Its versatility stems from its strong alkalinity and reactivity with various substances.
Key Players:
- Occidental Petroleum Corporation
- Shin-Etsu Chemicals Co Ltd
- Dow
- SABIC
- Formosa Plastics Corporation
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