Last week (2024.3.29-2024.4.3), the market of sodium sulfate was acceptable and the price was firm. As of last Wednesday, the market price of sodium sulfate in Jiangsu was between 410-450 yuan/ton, the same as the price two weeks ago; the market price of sodium sulfate in Sichuan was around 300-320 yuan/ton, the same as the price two weeks ago; The market price of sodium sulfate in Shandong is between 350-370 yuan/ton, the same as the price two weeks ago; the market price of sodium sulfate in Hubei is between 330-350 yuan/ton, the same as the price two weeks ago; the market price of sodium sulfate in Jiangxi is between 330-350 yuan/ton, the same as the price two weeks ago. The market price is between 360-380 yuan/ton, which is the same as two weeks ago; the market price of Hunan sodium sulfate is between 390-410 yuan/ton, which is the same as two weeks ago.
Last week, the prices at the sodium sulfate market were mainly stable, the downstream inquiry volume was acceptable, and the new order transaction atmosphere has also improved. Overseas demand continues to be strong, driving the market atmosphere, companies are actively shipping, and the industry is optimistic about the market outlook.
On the supply side: According to incomplete statistics from Baichuan Yingfu, the output of sodium sulfate last week was approximately 143,900 tons. The market supply increased slightly compared with two weeks ago. The market atmosphere improved and companies were more motivated to start operations. At this stage, the production capacity of sodium sulfate is overcapacity, and the overall market operation is fluctuating between 45% and 50%. If there is no obvious positive news to boost terminal demand in the short term, it is difficult for the market operation to break through 50%, and the by-products are due to environmental protection issues. Sodium sulfate equipment is also being added one after another. At present, there are still mining companies that have stopped production due to the impact of by-products, and there is no hope of starting operations in a short time. However, the market supply circulation is still at a high level.
In terms of demand: The demand for sodium sulfate is mostly affected by geography. 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 downstream companies have signed long-term supply agreements, driving local sodium sulfate consumption. Mineral output in Jiangsu is relatively large, and corporate orders are basically from overseas markets. At this stage, overseas demand is strong, and many companies have signed a large number of orders. Currently, delivery is the main focus. Corporate inventories are also gradually being consumed, and enthusiasm for starting operations has not diminished. Inventory The level is still within the control of the company. Domestic orders are driven by overseas, downstream wait-and-see mood has decreased, and market inquiries are active. Although small orders are still followed up, the overall transaction atmosphere is acceptable. In terms of downstream compound fertilizers, the current compound fertilizer market is sluggish, the advance harvest of summer corn fertilizer is slow, and the demand for sodium sulfate is slowing down.
