First Quarter of 2023 in Asia- Pacific Trisodium Phosphate Prices - Noida

Trisodium phosphate prices have continued to drop in the USA market during the first quarter of 2023 amid slow purchasing sentiment and strong supplies. Feedstock Phosphoric acid has declined, which resulted in the low production cost of Trisodium Phosphate. In addition, demand from the food additives and lubricant industries has been weak, and there were limited inquiries for new orders from end-users, resulting in a bearish pricing trend in the domestic market. In addition, the manufacturing activity in the US market has also been underperforming, contributing to the sluggishness in the market. Operating rates have remained stable, leading to high inventory levels in the USA. Additionally, market participants reported that the recent banking crisis in the USA had had a negative impact on the market growth of various commodities, including Trisodium Phosphate.

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