First Quarter of 2023 in North America Sodium Molybdate Prices
North America The demand for Sodium Molybdate in North America remained moderate to low in the first quarter of 2023. Slow economic activity was the primary driving factor, despite production continuing without any interruptions. Although the demand for dye and pigment, and water treatment showed some improvement by the end of the quarter, it remained lower than expected due to prolonged inflationary pressure. Additionally, concerns about the FED’s frequent price revisions on domestic interest rates were putting pressure on the country’s economy and affecting demand for the product. Labor shortage also remained a matter of concern for the country, which led the Houston port to close for a couple of days. Asia The Indian Sodium Molybdate Prices witnessed a significant price drop of 19.7% in March 2023 due to lower demand and increased supply, including cheaper imports from China and South Korea. Although production activities remained strong in India, the decrease in prices was sup