Market overview: This week (2024.5.17-2024.5.23), the market of Sodium Sulfate is light and stable, and the price remains stable and wait-and-see. As of this Thursday, the market price of Sodium Sulfate in Jiangsu is between 430-450 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 400-420 yuan/ton, which is the same as last week's price.
There is no obvious change in the mainstream focus of Sodium Sulfate this week. The long-term oversupply pattern of Sodium Sulfate throughout the year is difficult to change. The demand side is dominated by negative factors, and terminal sentiments for purchasing goods are mediocre. The northern market is expected to have weak supply and demand, while the southern market has little change in supply and demand. Manufacturers maintain stability. Actively sell goods.
Supply: According to incomplete statistics from BAIINFO, the output of Sodium Sulfate this week is about 147,100 tons. The market supply has increased slightly from last week. The market has obvious overcapacity and the supply of goods is still sufficient. This week, some companies in the Sichuan area resumed work, and there was a small increase in the market. As the main product market for by-product enterprises in other regions is difficult to improve, the recent start-up of by-product enterprises has remained low. However, the enthusiasm of Jiangsu mining companies to start operations has not diminished. Many companies have signed overseas orders, and local construction starts have remained at a high level. Judging from the previous market inventory levels, the supply of Sodium Sulfate in the market is still abundant.
On the demand side: the weak market situation of Sodium Sulfate is difficult to reverse, and the domestic market as a whole is running weakly. At this stage, the market demand performance is uneven. The market conditions in Shandong and Zhejiang are relatively good. There are many local washing plants and printing and dyeing factories, which are enough to support local demand. Mining companies in Jiangsu are relatively concentrated, and their output is mainly supplied to overseas markets. The domestic share is relatively small, and local shipments are relatively considerable. The market conditions in other regions are still weak. The downstream customer groups are not concentrated, the overall demand is limited, and it is difficult to see a large amount of downstream replenishment demand in a short period of time. The liquidity and activity of the market need to be improved.（BAIINFO）
