In October xxxx, Sodium Gluconate prices in the Asian market showed mixed trends. While prices remained subdued overall, some regions witnessed slight variations. The decline in major part was mainly due to weak demand from key downstream sectors, sluggish domestic market activity, a depreciating currency, and a downturn in the broader chemical market, all contributing to the overall price weakness.
In China, Sodium Gluconate prices saw a notable decrease of x.xxx in October. This decline was driven by weak offtake from the domestic market, a drop in the value of the Chinese yuan, and the seasonal destocking of inventories. The construction sector in China, a major consumer of Sodium Gluconate, faced a significant slowdown, further affecting the overall demand for the product. The real estate sector, which has been struggling for some time, continued to hamper construction activity. According to data from the National Bureau of Statistics...
