SOP Price Chart, Historical and Forecast Analysis Provided by Procurement Resource
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SOP, also known as Sulphate of Potash, is a substance made up of both potash and sulphur. SOP’s molecular weight is 174.259 g/mol and its chemical formula is K2SO4. It typically contains about 18% sulphur and 51% soluble potash.
There are also traces of metals like calcium and magnesium. SOP is generally used as a fertiliser and is a great source of the nutrients like potassium and sulphur. Due to its low chloride content, SOP is a fertiliser that gives plants the ability to fend off pests and disease.
The decantation process yields SOP by processing Langbeinite with a strong potassium chloride solution that precipitates potassium sulphate. The precipitated potassium sulphate is then separated via decantation.
The leading exporters are China, Sweden, Saudi Arabia, and Egypt. On the Other hand, the leading SOP producing countries are Pakistan, Indonesia, Uzbekistan, and Philippines.
Key Details About the SOP Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the SOP 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 SOP pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting SOP Price Trend:
Sulphate of potash is extensively used as a propellent and in the manufacturing of glass. It is also employed in mining, fertilisers, chloride-free drilling fluids, and as an additive in water-based liquids.
Other than that, it is used as a fertiliser for crops which include tobacco, some vegetables, and fruits. It is also used as a supplement for animal feed and in the production of lubricants and dyes.
It also finds its application in the manufacturing of ceramics and in explosive as a flash suppressant.
- Agrico Canada L.P
- Ameropa Australia Pty Ltd
- Archean Group
- AG CHEMI GROUP s.r.o
- ArrMaz Gulf Chemicals, Ltd
News and Events:
- November 11, 2022: Sulphate of potash is solely produced by Archean Chemical Industry, and a study found that it is a premium speciality chemical for chlorine-sensitive crops and has a number of medical applications.
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Procurement Resource offers 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.
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