For the Quarter Ending June 2023

North America

In the second quarter of 2023, Trisodium Phosphate prices in the US market remained subdued, influenced by weak feedstock prices and moderate demand. Global economic challenges, including mounting inflationary pressure and tightened monetary policies with rising interest rates to counter inflation, have impacted consumers. Oversupplies of feedstock Phosphoric acid have constrained the positive development of Trisodium Phosphate domestically. Demand from the downstream detergent and water treatment industry, both domestically and internationally, has stayed steady, and market transactions were primarily on a need-on-demand basis. Operating rates in manufacturing firms remained stable, and inventories were sufficient to meet overall downstream demand, further affecting Trisodium Phosphate prices. Additionally, the US manufacturing purchasing manager’s index indicated a contraction in industrial and manufacturing activities, dropping from 46.9 in May to 46.0 in June.

Asia-Pacific

Trisodium Phosphate prices in China, Asia's largest economy, exhibited mixed trends in the second quarter of 2023. Early in Q2, prices rose due to improved buying trends among end-users, despite a decrease in feedstock Phosphoric acid. Increased inquiries from downstream detergents and water treatment industries, both domestically and internationally, prompted manufacturers to raise their quotations. In April, China's export rate rose by approximately 8.5% in US dollar terms, indicating increased new orders from the international market and boosting market sentiments for Trisodium Phosphate. However, by the end of Q2, prices experienced a downward trend due to low-cost pressure from feedstock Phosphoric acid. Demand from the downstream industry remained steady. Factors like the Dragon Boat Festival disrupting trade activities and maintenance plans by some manufacturing firms influenced market dynamics. Despite a stable consumer price index in June, policymakers in China remained cautious about the possibility of prolonged slower growth as manufacturing activity significantly narrowed in Q2 of 2023.

Get Real Time Prices of Trisodium Phosphate: https://www.chemanalyst.com/Pricing-data/tri-sodium-phosphate-1174

Europe

Trisodium Phosphate prices in the German market showed a bearish trend in the second quarter of 2023 amid steady demand and sufficient inventories. Firm inflationary pressure and rising interest rates affected consumer purchasing power. Inquiries from downstream detergent and wastewater treatment industries remained moderate, with procurement mainly based on small orders. On the supply side, ample material availability in German ports from steady imports led to a supply-dominant market. Declining freight charges from East Asia/China to Europe, approximately 9%, due to a drop in global demand, weighed down Trisodium Phosphate prices domestically. The German manufacturing purchasing manager’s index indicated a contraction in new orders, dropping from 43.2 in May to 41 in June. Despite these challenges, there were no observed supply chain bottlenecks or port congestion during the given timeframe.




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