Sodium Nitrite Prices and Forecasts | Provided by Procurement Resource
In the Asia Pacific region, the sodium nitrite market experienced fluctuations in Q1 and Q2, 2023. Despite improved demand from the food and beverages sector, high inventories, rising interest rates, and inflation posed challenges to prices. Reduced purchasing capacity due to declining demand from North America and Europe contributed to a sodium nitrite price decline. Request for Real-Time Sodium Nitrite Prices: https://www.procurementresource.com/resource-center/sodium-nitrite-price-trends/pricerequest In Europe, weak market dynamics, driven by rising inflation and economic volatility, impacted Q1 prices. Q2 saw improvement with downstream food industry support and extreme weather conditions boosting demand, affecting inventories and prices positively. North America faced mixed trends, with Q1 price surge from food industries' support, and Q2 decline due to Asian imports, strict monetary policies, and eventual stabilization. Definition Sodium nitrite is an inorganic compound (N...