For the Quarter Ending June 2023

North America

Trisodium Phosphate prices in the US market have remained low in the second quarter of 2023 due to weak feedstock prices and moderate demand. Global economic challenges, such as inflationary pressure and rising interest rates, have impacted consumer spending. Oversupply of feedstock Phosphoric acid has also limited the positive growth of Trisodium Phosphate in the domestic market. However, inquiries from the detergent and water treatment industries have remained steady both domestically and overseas. Market transactions have been based on immediate needs, and manufacturing firms have maintained stable operating rates with sufficient inventories. The drop in the US manufacturing purchasing manager’s index reflects a contraction in industrial and manufacturing activities.

Asia-Pacific

Trisodium Phosphate prices in China have shown mixed trends during the second quarter of 2023. Initially, prices increased due to improved buying trends among end-users, despite a decrease in feedstock Phosphoric acid. Increased inquiries from the detergent and water treatment industries, both domestically and internationally, prompted manufacturers to raise their prices. China's export rate also saw a significant increase in new orders from the international market. However, towards the end of the quarter, Trisodium Phosphate prices declined due to low-cost pressure from feedstock Phosphoric acid. Demand from the downstream industry remained steady, but trade activities were hampered by the Dragon Boat Festival and maintenance plans by some manufacturing firms. Policymakers in China expressed caution about prolonged slower growth in manufacturing activity during the quarter.

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 followed a bearish trend in the second quarter of 2023, driven by steady demand and sufficient inventories. Rising inflation and interest rates have affected consumer purchasing power. Inquiries from the detergent and wastewater treatment industries remained moderate, with procurement mostly based on small orders. Ample material availability in German ports, through imports from Asia and the US, has created a supply-dominant market. Lower freight charges from East Asia/China to Europe further contributed to the downward pressure on Trisodium Phosphate prices. The German manufacturing purchasing manager's index indicated a contraction in new orders. No significant supply chain bottlenecks or port congestion were observed during this time.

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