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The US import market of Sodium Nitrate has recorded a rebound in December ****. The market dynamics behind the increase in price movement of Sodium Nitrate were straightforward. After a decline in Sodium Nitrate prices in November which was driven by weak downstream demand, the formulators in pharmaceuticals and nutraceuticals have drawn down on their inventories to meet shipments and internal schedules. The consistent drawdown has diminished the visible cover and prompted the replenishment purchases that were linked to the quarterly production plans. The exporters have experienced short-term tightening in available spot volumes as they honoured the export flows which lent a support to the US import prices of Sodium Nitrate. The Sodium Nitrate suppliers have kept output steady and avoided withholding stock.听 The logistics were smooth which kept the increase marginal rather than sharp. The demand-led restocking with the stable supply conditions have produced a...
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