Market overview: This week (2024.4.12-2024.4.18), the price of sodium sulfate remained stable, with relatively limited fluctuations. 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 at the market price of sodium sulfate in Hunan is between 390-410 yuan/ton, which is the same as last week.
The market performance of sodium sulfate has relatively slowed down this week. At this stage, the willingness to stock up is not strong. Most companies are still focusing on long-term orders to maintain daily production. The performance of downstream companies has slowed down slightly in the recent period due to early purchases. Most of them are mainly consuming held inventories.
Supply: According to incomplete statistics from Baichuan Yingfu, the output of sodium sulfate this week is about 145,300 tons. The market supply has increased slightly compared with last week. The supply is expected to be upward. Overall, the market operation is still around 40-50%. At present, mining companies are still the main force in production, and their enthusiasm for starting production has not diminished, and they are actively shipping goods. Although there is some inventory, it is still within the control of the company. In addition, at this stage, the by-product sodium sulfate companies in various industries are gradually increasing and expanding rapidly. It is difficult to reverse the supply and demand pattern of sodium sulfate. The supply level will continue to be high, and the market overcapacity problem is obvious.
On the demand side: the sodium sulfate market as a whole is slightly calmer than in the previous period. The main reason is that some downstream purchases have been completed in the early stage. Under the relatively stable market conditions, the market atmosphere of sodium sulfate has gradually become dull, and the sentiment of the industry is not as positive as in the previous period. Actions are also not active. Although there are occasional inquiries, the actual spot purchases have decreased to a certain extent compared with the previous period, and consumption support has weakened. Moreover, under the execution of long orders and early purchases, there are not many companies that urgently need to buy goods to replenish inventory, so we need to pay more attention to May Day in the later period. Pre-holiday inventory requirements.(Baichuan Yingfu)
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