Sodium Silicate Prices: Market Analysis, Trend, News, Graph and Demand
Sodium Silicate Prices: Market Analysis, Trend, News, Graph and Demand
North America
The U.S. Sodium Silicate market saw continued price declines, primarily due to weak demand from the construction and cement sectors. Prices dropped by 2.8% in October as the cement industry struggled with reduced demand and adverse weather, leading to sluggish sales. Major producers like Cemex reported lower earnings, reflecting the subdued market environment. A broader slowdown in the manufacturing sector further dampened Sodium Silicate consumption, with several months of weak order activity.
In November, prices declined an additional 2.9%, driven by an influx of lower-cost imports from China and falling global freight rates. Domestic procurement also slowed as cement producers scaled back operations in anticipation of lower production volumes. Soft consumption in China further pressured global quotations, contributing to the downtrend.
December brought a modest price rebound, supported by higher import costs amid rising ocean freight rates. However, demand from downstream sectors such as construction and ceramics remained moderate. While construction activity held steady, it lacked significant growth, resulting in limited change in Sodium Silicate consumption.
Get Real time Prices for Sodium Silicate: https://www.chemanalyst.com/Pricing-data/sodium-silicate-1340
Asia-Pacific (APAC)
Sodium Silicate prices in China remained relatively stable throughout Q4 2024, despite varied sectoral demand. The construction industry continued to struggle, with reduced investment and sluggish growth limiting consumption. As infrastructure development and property sales lagged, domestic demand weakened, and exports saw minimal recovery due to subdued regional demand.
In October and November, supply levels remained adequate, but traders lowered prices to stimulate local sales amid the demand-supply imbalance. The construction sector's weakness and slow infrastructure spending persisted, while manufacturing showed slight improvement. However, export orders remained under pressure, further impacted by lower container freight rates.
By December, domestic demand began to stabilize, supported by policy measures aimed at economic recovery. Although export activity stayed muted, China’s manufacturing sector saw a modest rebound due to year-end consumer demand. The construction sector also showed early signs of recovery, indicated by a rise in the non-manufacturing PMI, pointing to a potential gradual upturn in early 2025.
Europe
The European Sodium Silicate market continued to face headwinds, with prices falling amid weak demand, especially from the construction and cement sectors. October saw a 1.8% decline, driven by economic and political uncertainties that weighed on market sentiment. The Eurozone's construction sector remained under pressure, particularly in Germany and France, where activity in commercial, civil, and residential projects contracted.
Prices slipped a further 0.8% in November, as demand continued to wane. Manufacturers lowered operating rates amid stagnant inventory levels and persistent economic instability. December brought a sharper downturn, with Germany’s construction sector entering a deeper recession, marking the steepest decline in eight months. Overall demand for Sodium Silicate remained low, exacerbated by seasonal slowdowns and geopolitical uncertainty.
Despite stable supply and consistent production levels, the accumulation of unsold inventories intensified the oversupply issue, pushing prices further down. Looking ahead to early 2025, the market remains cautious, with demand outlooks clouded by continued economic and political uncertainty across the region.
Get Real time Prices for Sodium Silicate: https://www.chemanalyst.com/Pricing-data/sodium-silicate-1340
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