Salts Of Inorganic Acids Or Peroxoacids Prices in China

China Salts Of Inorganic Acids Or Peroxoacids Export Price in September 2022

In September 2022, the salts of inorganic acids or peroxoacids price stood at $39.5 per kg (FOB, China), remaining constant against the previous month. Overall, export price indicated a prominent expansion from January 2022 to September 2022: its price increased at an average monthly rate of +7.4% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, export price for salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) decreased by -6.2% against June 2022 indices. The most prominent rate of growth was recorded in April 2022 when the average export price increased by 33% month-to-month. Over the period under review, the average export prices reached the maximum at $42.1 per kg in June 2022; however, from July 2022 to September 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In September 2022, the country with the highest price was Sweden ($61.1 per kg), while the average price for exports to India ($1,222 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+58.8%), while the prices for the other major destinations experienced more modest paces of growth.

China Salts Of Inorganic Acids Or Peroxoacids Exports

For the third month in a row, China recorded growth in overseas shipments of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates), which increased by 0.4% to 15K tons in September 2022. Over the period under review, total exports indicated a strong increase from January 2022 to September 2022: its volume increased at an average monthly rate of +6.4% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, exports increased by +102.3% against February 2022 indices. The pace of growth appeared the most rapid in March 2022 with an increase of 40% against the previous month. The exports peaked in September 2022.

In value terms, exports of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) shrank to $600M (IndexBox estimates) in September 2022. In general, exports continue to indicate a strong increase. The pace of growth was the most pronounced in May 2022 with an increase of 51% against the previous month. Over the period under review, the exports of attained the maximum at 604K tons in August 2022, and then dropped slightly in the following month.

China Salts Of Inorganic Acids Or Peroxoacids Exports by Country

South Korea (6.7K tons) was the main destination for exports of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) from China, accounting for a 44% share of total exports. Moreover, exports of salts of inorganic acids or peroxoacids (excluding azides and double or complex silicates) to South Korea exceeded the volume sent to the second major destination, Poland (3.1K tons), twofold. The third position in this ranking was taken by Japan (1.8K tons), with a 12% share.

From January 2022 to September 2022, the average monthly growth rate of volume to South Korea amounted to +5.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Poland (+348.0% per month) and Japan (+8.3% per month).

In value terms, South Korea ($281M), Poland ($175M) and Japan ($77M) constituted the largest markets for salts of inorganic acids or peroxoacids exported from China worldwide, together accounting for 89% of total exports.

Poland, with a CAGR of +431.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform