Tetrasodium EDTA Prices are Expected to Drop in the US

USA: Tetrasodium EDTA prices in the domestic US market are anticipated to decline during the first week of March 2023, according to a forecast generated from ChemAnalyst data. Some foods and beverages contain the chemical EDTA to help preserve their color and flavor.

The principal ingredient in Tetrasodium EDTA, Formaldehyde, has recently declined its price. This decline is also attributed to other factors, such as the amount of inventory available in the domestic market. In addition, Tetrasodium EDTA, which was produced in China using Formaldehyde, was discontinued from sale this week (neutralization process). The impact of public security incidents resulted in downstream factories operating at a lower rate and a weaker demand, which led to a fall in the market price of Formaldehyde in Shandong. The Formaldehyde market's low turnover, inventory build-up, and weak and diminishing demand were significant factors for the decline in the price of the product. Prices are currently low and are expected to fall in the future because China is the USA's main source of imports.

The growing global population's increasing demand for food and drinks is one of the main drivers of the Tetrasodium EDTA market. The demand for EDTA has increased over the past several years because it is used in many industrial processes backed by stringent environmental protection standards in a range of industry verticals, including Food & Beverage. Despite this, there is stability in demand in the US Food & Beverage sectors since domestic companies have enough Tetrasodium EDTA on hand and no longer need to import as much from China.

ChemAnalyst expects the price of Tetrasodium EDTA to decline as downstream demand worsens and the Formaldehyde market continues to contract. Tetrasodium EDTA's growth in the US market is still significantly constrained by the disparity between supply and demand, despite the fact that the supply is currently fairly abundant.