Free Sodium Nitrite Price Trend and Forecast New York
- Location: New York, New York, NY, United States
In the fourth quarter of 2022, the Sodium Nitrite Price in the North American region has observed considerable pressure amidst the swindling market dynamics. The region observed a restricted export outlook at the start of the quarter, especially for the European nations. At the same time, the Mexican and Canadian players have actively participated in arbitrage practices. However, the last month of the quarter presented several new challenges to the US Sodium Nitrite market as the operating rates dropped considerably amidst the blizzard storm in the region, pressurizing the value and supply chain at the same duration. At the same time, the power outages by the quarter end have impacted the operations at the downstream industries. As a ripple effect, the FOB Houston discussions for Sodium Nitrite were settled at USD 597 per tonne in November 2022.
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