Procurement Resource Evaluates the Price Trends of Sodium Cyanide in its Latest Insights and Dashboard
Price Trends of Sodium Cyanide in its Latest Insights and Dashboard
Procurement Resource does an in-depth analysis of the market trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Sodium Cyanide price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends. Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline. The pricing database and analysis of the Sodium Cyanide can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
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Product Description:
An inorganic substance with a white appearance and a water-soluble solid is sodium cyanide. This salt is very hazardous because of the chemical’s strong affinity for metals. One of its main uses is in gold mining, which benefits from its high metal reactivity. Its foundation is moderately solid. It can release the poisonous gas hydrogen cyanide when exposed to acid. NaCN is its chemical formula.
Also Check Sodium Cyanide Production Cost Report – https://www.procurementresource.com/production-cost-report-store/sodium-cyanide
Regions Covered to Evaluate Sodium Cyanide Price Trend:
- North America
- South America
- Europe
- The Asia Pacific
- The Middle East
- Africa
Industrial Uses Impacting Sodium Cyanide Price Trend:
In the mining industry, sodium cyanide is employed as a reagent for the separation of several minerals from their ores, including gold and silver. In the mining sector, it is also utilized as a flotation reagent. Nearly two-thirds of sodium cyanide application is for the processing of gold and silver. Numerous chemicals, including sodium cyanide, are used to keep animals and insects out of crops. In addition, sodium cyanide serves as an intermediary in the production of table salt, Plexiglas, medicines, rocket propellant, adhesives, computer electronics, fire retardants, aeroplane brakes, nylon, nail polish remover, paints, and vitamins.
Key Market Players:
- Anhui Shuguang Chemical Group
- Cyanco Corporation
- Chemours Company
- Orica Limited
- Taekwang Industrial Co., Ltd.
- CyPlus GmbH
News and Events:
After Russia’s invasion of Ukraine drove up energy prices, sodium cyanide, the world’s largest producer of gold and silver mining equipment, was forced to halt production in Europe. With gas costs in the area 12 times higher than in the US, compared to just 1.5 times in 2020, the Czech firm Draslovka said that manufacturing of the chemical, used in the extraction of precious metals from ore, had become unprofitable in Europe. According to the corporation, there may be serious supply shortages in markets dependent on Europe. In the area, it has 15% of its manufacturing capacity. Prices for cyanide grew by 25–30% on international markets, while in Europe, the company’s prices of energy and raw materials, such as ammonia and caustic soda, have grown by 270–% overall in the last year.
About Us:
Procurement Resource is Claight’s subscription-based SaaS platform providing in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent. We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data. To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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