Trisodium Phosphate Price | Prices | Pricing | News | Database | Chart | ChemAnalyst



 In the third quarter of 2024, Trisodium Phosphate prices in North America showed limited volatility, maintaining stability within a tight range despite several influencing factors. The U.S. economy demonstrated resilience, even as inflationary pressures and geopolitical uncertainties presented ongoing challenges. Supply trends were shaped by consistent manufacturing performance and evolving trade dynamics, while a minor drop in the Producer Price Index (PPI) for manufacturing industries, from 249.624 in Q2 to 248.383 in Q3, indicated slight production cost savings. The restocking of inventories, which had been depleted in the first quarter, contributed to a Q2 GDP growth rate of 3.0%, with an expected annual growth of 2.7%.

Consumer spending and corporate investments remained robust, driven by legislative initiatives like the CHIPS Act. These factors kept demand strong, especially as inflation dropped below 3.0% in July. However, geopolitical tensions in critical regions, coupled with potential tariffs on imports, raised concerns about supply chain stability and trade disruptions. The Federal Reserve’s anticipated rate cuts are designed to stimulate household spending and economic growth, though shifts in the labor market and trade uncertainties may influence supply dynamics as 2025 approaches.

In the Asia-Pacific (APAC) region, Trisodium Phosphate prices experienced a decline during Q3 2024, influenced by various factors, including decreased demand from industries such as water treatment and paper manufacturing. Additionally, logistical challenges and rising transportation costs contributed to the pricing environment. China, a major player in this market, saw notable price changes driven by seasonal fluctuations, with demand slowing during the quarter. The correlation between price shifts and seasonality was evident, as reduced consumption and muted inquiries from both domestic and international markets led to a 2% decline compared to the previous quarter. Within Q3, there was a -1% price difference between the first and second halves of the quarter. By the end of the period, the price for Trisodium Phosphate in China stood at USD 480/MT FOB Qingdao, reflecting a persistently softening market sentiment. Despite market challenges, no major plant shutdowns were reported during this period, helping to maintain overall supply levels.

In Europe, Trisodium Phosphate prices in Q3 2024 exhibited limited fluctuations, influenced by economic uncertainties stemming from the ongoing conflict in West Asia and slow economic growth in Europe and the United States. The freight market faced significant challenges, with shipping carriers like MSC and CMA CGM raising FAK rates to $6,500 per container due to limited space and added surcharges. Logistical disruptions, including delays at Singapore ports and Red Sea shipping routes, further strained the market. Air freight rates from Northeast Asia to Europe surged by 40% year-over-year due to heightened demand for e-commerce and semiconductors. Although capacity expanded, supply chain imbalances remained unresolved. The geopolitical climate and the onset of seasonal demand suggest continued volatility in the fourth quarter of 2024. Germany’s industrial sector continued to struggle, with low production levels, high energy prices, and a decline in export demand, which negatively impacted the broader eurozone economy. The outlook for Q4 2024 appears bleak, given the ongoing geopolitical tensions and the precarious global economic balance, casting uncertainty over the market trajectory in the months ahead.

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


 

 

 

 

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