Market overview: This week (2024.4.7-2024.4.11), the atmosphere of sodium sulfate has picked up, and the price is temporarily stable. As of this Thursday, the market price of sodium sulfate in Jiangsu is between 410-450 yuan/ton, the same as last week's price; the market price of sodium sulfate in Sichuan is around 300-320 yuan/ton, the same as last week's price; in Shandong the market price of sodium sulfate is between 350-370 yuan/ton, which is the same as last week; the market price of Hubei sodium sulfate is between 330-350 yuan/ton, which is the same as last week; the market price of Jiangxi sodium sulfate is between The market price of sodium sulfate in Hunan is between 390-410 yuan/ton, which is the same as last week's price.
The sodium sulfate market has been improving this week, with downstream inquiries increasing, market transaction atmosphere improving significantly, and overseas demand still on the rise, and industry players are optimistic about the market outlook.
Supply: According to incomplete statistics from Baichuan Yingfu, the output of sodium sulfate this week is about 142,500 tons. The market supply is slightly lower than last week. The market operation fluctuates within the normal range. Overall, the market operation is still around 40-50%. , the supply of goods from major manufacturers is still at a high level, the market has excess production capacity, and there is no lack of by-product companies gradually releasing new device production capacity. At present, the supply of by-products has gradually moved closer to minerals. At present, the lithium carbonate and viscose chemical fiber industries dominate the by-product industry. At this stage, most viscose chemical fiber manufacturers have stable operations, and the on-site supply has not changed much. The amount of by-product sodium sulfate is also relatively stable. In terms of lithium carbonate, some manufacturers in Jiangxi have resumed production. At the same time, as the temperature in the Salt Lake area warms up, output is also expected to gradually increase. It is expected that the amount of sodium sulfate as a by-product will also increase in the later period.
In terms of demand: The market demand for sodium sulfate is gradually improving, but due to regional influences, the performance varies from place to place. Due to limited supply in Sichuan, the overall market transaction atmosphere is acceptable, and a balance between production and sales can basically be achieved. Due to the concentration of washing, printing and dyeing factories in Shandong and Jiangxi, many companies have signed long-term supply agreements, driving the consumption of local supply. Orders from companies in Jiangsu are basically from overseas. At present, overseas demand is strong, many companies have signed a large number of orders, companies are actively delivering, and market inventory is gradually being consumed. In terms of downstream compound fertilizers, the spring fertilizer market has basically ended, seasonal demand has become sluggish, and the pre-harvest of summer fertilizers is progressing slowly and has a tendency to be delayed. The demand for sodium sulfate may slow down in the short term, while the start-up of other downstream industries is acceptable. Demand for sodium sulfate will still be supported in the short term. (Baichuan Yingfu)
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