Market overview: In April (April 1, 2024 - April 28, 2024), the atmosphere of sodium sulfate has picked up, and prices have temporarily stabilized. As of April 28, the mainstream transaction price of sodium sulfate in Jiangsu was between 410-450 yuan/ton, which was the same as the price at the end of last month; the mainstream transaction price of sodium sulfate in Sichuan was around 300-320 yuan/ton, which was higher than the previous month. The price at the end of the month was flat; the mainstream transaction price of sodium sulfate in Shandong was between 350-370 yuan/ton, which was the same as the price at the end of the previous month; the mainstream transaction price of sodium sulfate in Hubei was between 330-350 yuan/ton, which was the same as the price at the end of the previous month. The mainstream transaction price of sodium sulfate in Jiangxi is between 360-380 yuan/ton, which is the same as the price at the end of last month; the mainstream transaction price of sodium sulfate in Hunan is between 390-410 yuan/ton, which is the same as the price at the end of last month.
At present, there is mostly good news in the sodium sulfate market, but the price continues to trend steadily. The market transaction atmosphere has improved significantly, and overseas demand is still on the rise. Industry players are optimistic about the market outlook. In addition, as the May Day holiday approaches, there is some urgent demand for stocking up, and the market demand has increased.
On the supply side: According to statistics from Baichuan Yingfu, the output of sodium sulfate this month was 623,000 tons, an increase from the previous month. Due to the improvement in demand this month, various companies have started operations actively, and the market supply has further improved. There is no news of production suspension or reduction as the holidays are approaching, and factories have basically maintained normal operations. Currently, mining companies are still the main force in production. Driven by favorable overseas orders, companies are highly motivated to start operations. At this stage, the number of by-product sodium sulfate companies in various industries is gradually increasing and expanding rapidly. The supply and demand pattern of sodium sulfate is difficult to reverse, and the supply level will continue to be high.
Demand: At present, market sentiment has improved, market inquiry activity has improved, and mainstream washing plants have stable production and good operation conditions, which still supports the sodium sulfate market. Compound fertilizer operation loads are average, and sodium sulfate purchases have slowed down. . But overall, the demand for sodium sulfate has improved significantly this month, especially with the support of overseas orders, and corporate inventories have also been consumed.The price support sentiment in the industry has slightly strengthened. It is difficult to find low-priced goods in the market. It is difficult to see a large demand for stockpiles in the market. Most of them are mainly for replenishment of urgent needs. Moreover, under the long-term order execution and early-stage procurement, there are not many companies that urgently need to purchase goods to replenish inventory, so in the later stage, more attention needs to be paid to the replenishment demand after May Day.（Baichuan Yingfu Information）
