Sodium dichromate price April 2024 and outlook (see chart below)
- Europe:US$1.54/KG, -3.1% down
- Africa:US$1.15/KG, unchanged
- Northeast Asia:US$1.34/KG, -2.2% down
Business Analytiq assumes no responsibility or liability for any errors or omissions in the content of this site. The information contained in this site is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness, or timeliness.
Sodium dichromate price index
This post is a summary of the sodium dichromate acid price developments. The price developments of sodium dichromate are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Sodium dichromate price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for sodium dichromate prices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of sodium dichromate prices
- Recent price developments of underlying feedstocks which drive the price of sodium dichromate
- Market futures for both cost drives and feedstocks of sodium dichromate prices
- Adjustment of current supply/demand imbalances in the sodium dichromate market
- Longer term trends in likely demand conditions
Further information on the Sodium dichromate price index
Here is some further information
What is sodium dichromate
Sodium dichromate is an inorganic compound with the chemical formula Na2Cr2O7. It is a bright orange-red crystalline solid that is highly soluble in water. It is an oxidizing agent and is often used as a laboratory reagent, as a chromium(VI) compound, and as a drying agent for paints and inks. It can also be used in the production of other chromium compounds, such as chromium(III) oxide, and as a catalyst in various chemical reactions.
Sodium dichromate is highly toxic and can cause irritation or burns to the skin and eyes, and inhaling the dust can cause respiratory problems. It should be handled with caution and protective measures should be taken when working with it.
How is sodium dichromate produced
Sodium dichromate is produced by the electrolysis of a solution of sodium chromate, which is itself produced by the dissolution of chromite ore in a solution of sodium hydroxide. The electrolysis process involves passing an electric current through the solution, which causes the sodium chromate to be oxidized to sodium dichromate.
The general process for producing sodium dichromate is as follows:
Chromite ore is mined and crushed to a fine powder.
The ore is then mixed with a solution of sodium hydroxide, which dissolves the chromium in the ore and forms a solution of sodium chromate.
The solution is filtered to remove impurities and then electrolysed using a diaphragm cell or a mercury cell.
During electrolysis, the sodium chromate is oxidized to sodium dichromate, while the hydrogen gas is produced at the cathode.
The sodium dichromate is then purified by crystallization and dried to form the final product.
Overall, the production of sodium dichromate involves several chemical reactions and requires specialized equipment and conditions. It is typically carried out on an industrial scale in order to meet the demand for the chemical.
What is sodium dichromate used for
Sodium dichromate is a highly versatile chemical that has a wide range of applications. Some of the main uses of sodium dichromate include:
As a laboratory reagent
Sodium dichromate is commonly used in chemical laboratories as a reagent in various types of reactions. It is particularly useful as an oxidizing agent, and is often used in the preparation of other chemicals, such as chromium(III) oxide.
As a chromium(VI) compound
Sodium dichromate is a source of chromium(VI) ions, which are highly reactive and can be used in a variety of chemical reactions. It is often used as a catalyst in the production of chemicals such as plastics, dyes, and pigments.
As a drying agent
Sodium dichromate is used as a drying agent in the production of paints, inks, and other coatings. It helps to remove water and other impurities from the mixture, which improves the final product’s stability and quality.
In water treatment
Sodium dichromate is used to remove iron and manganese from water, as well as to disinfect and purify water supplies.
In the leather industry
Sodium dichromate is used in the tanning process for leather. It helps to remove excess fat and protein from the skin, and also serves as a preservative to prevent the leather from deteriorating.
In the production of other chemicals
Sodium dichromate is used as a catalyst in the production of other chemicals, such as sodium chromate and sodium bichromate. These chemicals are used in a variety of applications, including the production of dyes, pigments, and ceramics.
Overall, sodium dichromate is an important chemical that has a wide range of applications in various industries. However, it is also highly toxic and should be handled with caution to avoid potential health risks.
Further reading
Market size information
It is difficult to determine the size of the global sodium dichromate market with precision because data on the production and consumption of the chemical is not readily available. However, sodium dichromate is a widely used chemical that has a variety of applications in various industries, including the leather, water treatment, and chemical manufacturing industries. As such, it is likely that the global market for sodium dichromate is significant.
According to https://oec.world/ :
Sodium dichromate are the world’s 3948th most traded product.
In 2020, the top exporters of Sodium dichromate were South Africa ($46.5M), Turkey ($21.1M), Kazakhstan ($16.1M), Russia ($13.2M), and United States ($8.52M).
In 2020, the top importers of Sodium dichromate were Netherlands ($19.4M), India ($12.8M), Germany ($12.6M), Japan ($11.2M), and China ($10.3M).
Business Analytiq
BE THE FIRST TO SEE RISK AND OPPORTUNITY!
BusinessAnalytiq provides unlimited market trend data and an online tools to track market developments, key benchmarks & leading indicators.
BusinessAnalytiq leads to price visibility, better negotiations, easier budgeting and forecasting, lower raw material prices, and improved better internal and external communication. BusinessAnalytiq will decrease risk and higher profit.
Where does the data come from?
- The source of the data are exclusively public non-confidential sources. We have no access to primary data
- This the index trend of the price trend of the "product category" in general, and not a single specification of the product in particular
- The data is a combination of contract and spot pricing
- Our algorithms are set up to eliminate significant product mix impact on the reported price
- We combine public publications, import/export records, trading prices, company announcements, magazine articles, tweets, and other sources of ad-hoc public information.
- The chart shows the our best approximation of the market trend based on our algorithm interpretation of the signals
- For most indexes we have multiple sources and we focus on using statistically-correlated sources
- As a function of our automation, it is likely that recent trends will be adjusted as we discover more information. So, for example, the price trend for February 2024 will be first calculated in February 2024 and adjusted in March, April and May 2024.
- We will update the data trend as more information becomes available, and this means that recent trends will always be adjusted as we get more data available
- The algorithm will regularly revise our understanding of market trends, and indicated market trends may change
- The data is presented in US$. The UOM of measure is shown in the Index list table
- Our automated software and we do our best to create an accurate representation of the trend
Where does the data NOT come from?
- We do not purchase data from any other source and republish it.
- We will not purchase data from any other source and republish it
- We do not extrapolate trends, even for the forecast. We look for other market signals and leading indicators
What data should our company use?
- If you are making decisions driving significant share of profit, we always recommend that you buy data from the companies who invest in direct primary market access such as ICIS, amongst many others
- Our data, at best, represents an estimate of the market trend based on public information
- We have no direct access to the market, and we do not interview suppliers and customers
- Our automated analysis tools in the online software are set up to combine our data with other sources of data
- We do not recommend that you use our data for direct price mechanisms, as we may change and improve the data trends over time, including historical data
What does the quality indication in the main menu mean?
- Quality level A: Data is from a reliable and confirmed source
- Quality level B: Data is from multiple credible sources and there are no major statistical inconsistencies between them
- Quality level C: Data is from multiple credible sources and there are some statistical inconsistencies between them
- Quality level D: Data is from a single credible source, but we cannot verify the data
- Quality level E: Data is either:
- From a single source, which we consider reliable, but we cannot verify the data.
- From 2 or more sources which have some periods of contradicting trends.
- Quality level F: Data is from a single source which we consider indicatively correct, but the data is anecdotal and we cannot verify the data.
What are the disclaimers?
- We assume no responsibility or liability for any errors or omissions in the content of this site.
- The information is provided on an “as is” basis with no guarantee of completeness, accuracy, usefulness, fitness for purpose or timeliness.
- By their nature, outlooks are always uncertain
How often do we update the data?
- We aim to update the data series on the 9th and 24th of each month (but we do not always make it for each chart)
- The data for the current month and recent history are fine-tuned over time.
What are we doing to improve the data?
- We are continually improving our data collection and processing methods
- Pricing data will be updated from time to time as we improve the accuracy
- We are reviewing all data sources in the first half of 2024.
- There will be continuous fine-tuning of the trend and forecast algorithm as part of that.
- The key focus in 2024 is to add many additional indexes
How can i give feedback on the data or request for new indexes
- Feel free to contact us if you have a specific request. You can reach us via the Contact us page