Sodium Nitrate Prices | Current and Forecast
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Monitor monthly Sodium Nitrate price assessments covering 5 locations: United States, Europe, South America, Central Europe and China. Also check Sodium Nitrate price history since 2007 and forecasts.
The chart below is a sample of Intratec Primary Commodity Prices. Subscribe and access now current prices of 224 commodities, including Sodium Nitrate.
Data Legend. The chart above shows Sodium Nitrate price assessments in USA Dollar per metric ton (USD/mt) in 5 locations, as follows:
- Sodium Nitrate, US (United States): Sodium Nitrate, transaction price, fob, United States
- Sodium Nitrate, EUR (Europe): Sodium Nitrate, transaction price, cif, Germany
- Sodium Nitrate, SAM (South America): Sodium Nitrate, transaction price, fob, Chile
- Sodium Nitrate, CEU (Central Europe): Sodium Nitrate, transaction price, fob, Poland
- Sodium Nitrate, CN (China): Sodium Nitrate, transaction price, fob, China
Data Use. Sodium Nitrate prices are provided as an annual subscription where subscribers have access to reliable pricing data of 224 commodities worldwide. To better understand data provided by Intratec Primary Commodity Prices, check the following documents: Price Assessment Basis , Commodities Specifications , Methodology , User Guide , and Glossary .
Intratec Primary Commodity Prices
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Sodium Nitrate Price Outlook. The price of Sodium Nitrate in United States increased during March 2019 to 658 USD per metric ton, which represents a slight rise of 0.3% compared to the previous month’s value. On a year-over-year basis, the prices of Sodium Nitrate in United States increased significantly by 31%. Meanwhile, the average price of Sodium Nitrate in Chinaamounted to 422 USD per metric ton, from 445 USD per metric ton one year earlier. On a month-over-month basis, the price of Sodium Nitrate in China is 0.5% higher than the price one month before.
The price of Sodium Nitrate in Europe declined slightly throughout March 2019, reaching 671 USD per metric ton. The price in Europe is 0.1% lower than the average price in the previous month and 9% lower than the average price one year before. In contrast, the prices of Sodium Nitrate in Central Europe increased modestly during March 2019, reaching 629 USD per metric ton, which means a rise of 1% from the previous month’s price and a rise of 1% from the previous year’s price.
The prices of Sodium Nitrate in South America experienced a rise of 36 USD per metric ton from the prior month's price, to 587 USD per metric ton. Such price movement in South America meant a rise of 7% on a monthly basis and a rise of 2% on a yearly basis.
About Sodium Nitrate. Sodium Nitrate is a white granular powder found in naturally occurring deposits, mainly in Chile, rendering the name Chilean saltpeter, but also produced synthetically. Obtaining it pure from the mineral deposits of caliche is a complex process with several steps, which was improved over time to accept raw material with low sodium nitrate content. The first improvement was the Shanks hot leaching process, which was replaced by the Guggenheim low-temperature leaching process, still in use today and capable of processing caliche with a Sodium Nitrate content as low as 7% by weight.
On the other hand, synthetic Sodium Nitrate can be produced by reacting nitric acid with sodium hydroxide. The usual route, however, is to use the waste gases from nitric acid production plants, which contain nitrogen oxides and can be treated with caustic soda or sodium carbonate solutions to yield sodium nitrate.
Historically, Sodium Nitrate was used as a natural fertilizer and for explosives production. Chilean Nitrate is soluble in water and slightly soluble in oxygenated solvents. It is not combustible, but it enhances the combustion of other substances if present.
Sodium Nitrate Production. Raw materials and the respective production processes employed in the manufacturing of Sodium Nitrate are listed below.
- Caliche ore (ore extraction/mineral beneficiation),
- Sodium carbonate/sodium hydroxide + nitric acid (salt formation),
- Sodium nitrite + nitric acid (salt formation)
Sodium Nitrate Uses.The uses and applications of Sodium Nitrate may vary according to its specification. The main forms of p-Cresol are granulated (98 wt%, from Chile saltpeter) and synthetic (99.5 wt%).
Intratec Methodology. Intratec Primary Commodity Prices are produced from a data-driven, mathematical approach, which starts with the extraction of data from various primary sources, including official trade records, futures market, statistics bureaus, governmental and international agencies. Such large volume of data is validated through advanced data processing techniques, and treated by means of statistical analysis for outliers removal. When faced with input gaps, data scientists and engineers employ mathematical models or machine learning techniques to estimate prices and ensure the completeness of the price assessments presented. (learn more ).