In Q1 2024, the Sodium Hypochlorite (12%) market experienced an upward trend, driven by increasing prices of raw materials and strong demand from industries such as water treatment and disinfection. In East Asia, particularly in China, prices were reported at USD 246/MT, reflecting a 4% rise compared to the previous quarter. This increase was attributed to rising production costs and a growing focus on hygiene and sanitation, which boosted the need for Sodium Hypochlorite in public facilities and manufacturing plants. Meanwhile, in India, demand from the textile and chemical industries contributed to this bullish trend.
In Q2 2024, Sodium Hypochlorite prices in China remained relatively stable at USD 245/MT, showing only a slight decrease of 0.4% from Q1. This stability was largely due to consistent demand from the water treatment sector and an abundant supply of raw materials. Additionally, the easing of freight rates and improvements in logistics contributed to maintaining this balance. In India, similar price trends were observed, with steady demand from the industrial sector helping to prevent any significant price fluctuations.
By Q3 2024, Sodium Hypochlorite prices surged in key regions, including China, where prices in July were reported at USD 260/MT, a sharp increase of 6% from Q2. This was primarily due to a combination of global economic recovery, increased production costs, and rising transportation expenses. The heightened demand for disinfection products in both healthcare and industrial applications, along with ongoing challenges in sourcing key raw materials, put upward pressure on prices globally.
Looking ahead to Q4 2024, the Sodium Hypochlorite market is expected to remain tight due to increasing demand, particularly as industries prepare for the end-of-year festive season. Packaging and food industries, which rely on Sodium Hypochlorite for sanitation purposes, are likely to drive demand. Additionally, any fluctuations in raw material prices or transportation costs could influence market behaviour, potentially pushing prices upward further during the quarter.