In the second quarter of 2023, declining demand for Sodium Benzoate

Chemanalyst29 Sep, 2023Business

In the second quarter of 2023, declining demand for Sodium Benzoate led to a decrease in market prices, with Sodium Benzoate prices experiencing an average quarterly decline of 3.65%. At the beginning of Q2, Sodium Benzoate's price trajectory exhibited a significant upward trend. Rising domestic demand was the primary driver of higher prices for Sodium Benzoate in April, especially in the German market, which saw increased production in exporting nations in response to rising demand and high energy prices.