Sodium Ascorbate Price Trend and Forecast

Description

Sodium Ascorbate Price in the US domestic market fell sharply during the third quarter of 2022, from USD 5840/MT to USD 4440/MT from July to September. The factories that produce Sodium Ascorbate were compelled to decrease prices because of the immediate lockdowns in China, where the majority of pharmaceutical excipients are imported. As a result, the US Sodium Ascorbate market saw a decline in demand from downstream pharmaceutical and nutraceuticals industries. US imports significantly declined due to the shutdown of industrial facilities in China, some of which were shut down for maintenance throughout H2 of Q3. These factors had a substantial influence on the downward pricing trend of sodium ascorbate, which decreased by more than 25% on a quarterly basis.

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