Market overview: This week (2024.5.24-2024.5.30), the demand for Sodium Sulfate is insufficient, and enterprises mainly deliver. 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.
Under the relatively stable market conditions of Sodium Sulfate, the market atmosphere has gradually become deserted. The sentiment of the industry is not as positive as in the early stage, and the actions are not active. As the price gradually stabilizes, the market wait-and-see sentiment increases. The supply and demand pattern of Sodium Sulfate is relatively stable, and the market most of them are still in demand.
Supply: According to incomplete statistics from BAIINFO, the output of Sodium Sulfate this week is about 148,300 tons. The market supply has increased slightly compared with last week. The market has obvious overcapacity. The industry's operating load is increasing day by day. The overall market supply has increased, while demand the end-to-end follow-up is not ideal. Although there are signs of phased improvement in local demand, the demand for Sodium Sulfate is also limited. Overseas demand remains strong, with many mining companies signing large orders and increasing production to complete deliveries. Corporate inventories are within control.
On the demand side: At present, the domestic demand for Sodium Sulfate is still weak, and downstream follow-up sentiments are cautious and purchasing intensity is poor. Follow-up demand still needs to pay attention to the rise and fall of prices, as well as the downstream acceptance. Although there are currently no good signals for Sodium Sulfate downstream, in the long term, demand for Sodium Sulfate will continue to exist in both the washing industry and the printing and dyeing industry.Although most of the major downstream manufacturers have signed long-term orders with enterprises, many quarterly contracts are about to expire, and bidding for the next quarter is imminent, which will benefit some mining companies. (BAIINFO)
