Sodium Silicate Prices Trend, Monitor, News, Analytics and Forecast | ChemAnalyst
Sodium Silicate Prices : During the Quarter Ending December 2023 North America: During the fourth quarter of 2023, the Sodium Silicate market in North America saw a rise in prices, driven by costly imports from Asian markets. The increase in the US non-manufacturing Purchasing Managers' Index (PMI) from October signaled growth in the construction sector, boosting demand for Sodium Silicate. This sustained uptick in business activity supported a positive momentum in construction, maintaining the upward price trend of Sodium Silicate throughout the quarter. Furthermore, escalating shipping charges from Asia to the US, influenced by conflicts involving Houthi Armed forces in the Red Sea area, added to the cost pressure. Despite moderate construction activity in December, with housing playing a vital role, stable construction spending amid increased borrowing costs was observed. However, the manufacturing sector faced persistent challenges. Get Real Time Prices of Sodium Si...