Price trend of domestic Sodium metabisulfite

According to the commodity market analysis system of the business community, the price of Sodium metabisulfite in China dropped sharply in June. The average price of industrial Sodium metabisulfite was 2250.00 yuan/ton on June 1, 1966.67 yuan/ton on April 29, a sharp drop of 12.59% in the month.

In May, the price of domestic soda ash dropped sharply by 20%, the price of sulfur continued to fluctuate at a low level, and the price of upstream raw materials fell significantly under the low pressure system. In June, Sodium metabisulfite manufacturers reduced their ex factory prices one after another, driving the price of domestic Sodium metabisulfite market to drop significantly. In June, the upstream raw material price continued to be weak, and the cost continued to fall under the low pressure system. The domestic sodium metabisulfite market price continued to be weak and downward, and fell to around 1900-2200 yuan/ton at the end of the month, with a decline of 12.59% in the month. Market prices have significantly declined, downstream trading entities have a strong wait-and-see attitude, and the overall increase in new orders in the industry is limited. Enterprises mainly focus on completing old customer orders.

As of June 29, the price of domestic soda ash fell by 5.77% in the month, and the price of sulfur fell by 11.93% in the month. The continued weak price of raw materials will further suppress the future market price of Sodium metabisulfite.

Future Market Forecast

Analysts from the business community believe that the cost of raw materials continues to decline, and downstream trade entities have a strong wait-and-see attitude, which is full of bad news. In July, the domestic market price of Sodium metabisulfite will continue to operate under pressure.

Overview of the trend of metal magnesium in June

The market price of magnesium ingots weakened in June. The price range of mainstream magnesium ingot factories, including tax and spot exchange, is between 20100 and 22000 yuan/ton, with a price increase or decrease of -6.57% during the cycle. At the beginning of the month, magnesium prices showed a trend of first suppressing and then increasing. As mainstream prices gradually fell to around the low point of 21000-22000 in the latter half of last month, some market demand entered the market and trading volume also improved. But the good times did not last long. After a brief rebound, due to short-term oversupply and difficulty in changing, the price of raw material silicon iron coal continued to decline. Under the combined influence of long and short factors, the price of magnesium ingots continued to decline. Until the end of the month, when the Dragon Boat Festival holiday returned, magnesium prices slightly rebounded, coupled with stronger cost support, rebounding by 500 yuan/ton compared to before the festival. However, facing the rising prices in the downstream market, there was no urgent need to restock and wait and see the market as the main factor, unable to support the continued upward trend of magnesium prices and weakening again.

According to the Commodity Market Analysis System of the Business Society, as of June 28th, the current exchange rate in the magnesium ingot market, including tax, was 20866.67 yuan/ton, a decrease of about 1500 yuan/ton compared to the beginning of the month and a decrease of 20.25% compared to last year.

In terms of supply and demand

In terms of factories, although production has decreased, due to the impact of weak demand, factory inventory remains high. Although there is a mentality of favoring prices, market bearishness is intertwined, and it is often difficult to stabilize prices according to market conditions. In terms of demand, there has been no significant improvement in the current magnesium market demand, while overseas markets are about to experience a summer break, and export orders may be reduced again.

Ferrosilicon fell 1.66% in June

On June 28th, the quotation for ferrosilicon in Ningxia was between 6900-7000 yuan/ton, with an average market price of 6950 yuan/ton. In June, the prices of ferrosilicon and coal first fell and then rose. Although there was some support for the cost of magnesium ingots, it was unable to promote a sustained upward trend in nail enhancement. At present, the logic of ferrosilicon trading is shifting towards a general direction of “high inventory, high costs, and low demand”. Overall, the short-term long short game of ferrosilicon will not significantly weaken temporarily, but rather the divergence may increase, and the market may experience fluctuations and adjustments.

Future Market Forecast

Overall, the current price is close to the cost line, factories have a willingness to stabilize prices, the demand side has poor acceptance of high priced resources, market transactions are poor, and there is a clear stalemate between supply and demand in the game. As we enter July, magnesium factories will continue to undergo summer maintenance, and it is expected that the magnesium price market will experience multiple sideways and slight fluctuations. In the future, we need to pay attention to the follow-up of downstream transactions.

1、 Price trend

According to the data monitored by the business community, the price of PVC Spot market fell in June. On June 1st, the average price of PVC in China was 5534 yuan/ton. On June 26th, the average price was 5476.67 yuan/ton, and the price decreased by 1.04% during the month.

2、 Market analysis

In June, the price of PVC Spot market fluctuated and fell. The overall market trading situation is light, and the demand for orders in the downstream market is average. The overall inventory pressure in the market is relatively high. Futures prices fell today, and confidence in the Spot market was hindered, also following the decline of futures prices. Downstream bargain hunting and replenishment. As of now, the quotation range for PVC5 carbide materials in China is mostly around 5300-5700 yuan/ton.

In terms of international crude oil, on June 26th, international crude oil futures closed slightly higher. The settlement price of the main contract for WTI crude oil futures in the United States was $69.37 per barrel, an increase of $0.33 or 0.5%. The settlement price of the Brent crude oil futures main contract was $74.35 per barrel, an increase of $0.34 or 0.5%. The unstable geopolitical situation has raised concerns about supply, diluting the bearish outlook for global demand.

In terms of calcium carbide, according to the Commodity Analysis System of Business Society, the factory price of calcium carbide in the northwest region fell in June, with the price of calcium carbide dropping from 3150 yuan/ton on June 1 to 2900 yuan/ton on June 26, a decrease of 7.94%. At present, the prices of upstream blue charcoal have stabilized at a low level, with average cost support. The downstream PVC market has slightly declined, and the demand for calcium carbide has weakened.

3、 Future Market Forecast

PVC analysts from the business community believe that the price of PVC Spot market fell in shock this month, the upstream carbide price fell, and the support weakened. In addition, the current market demand side performance is poor, the confidence of the two cities is insufficient, traders and downstream wait-and-see mentality is cautious, focusing on just needs, and making up orders on bargain hunting. It is expected that in the short term, the PVC Spot market will slightly fluctuate and reorganize.

According to the commodity market analysis system of the business community, as of June 25, the average price of acrylic acid in East China was 5900.00 yuan/ton, 1.29% higher than that of last Monday (June 19).

The acrylic acid market slightly increased this week (6.19-6.25). Recently, the price of raw material propylene in the market has risen, and cost support has increased, which has boosted the mentality of businesses and led to price increases for enterprises. The supply side of the factory has low equipment load, and the operating rate has decreased compared to the previous period. The demand side of procurement is mainly based on demand, and the market trading atmosphere is average, with a strong wait-and-see atmosphere.

Upstream propylene, according to the Commodity Market Analysis System of Business Society, on June 25th, the Shandong propylene market continued its upward trend, with the mainstream home price rising to 6350-6400 yuan/ton, an increase of 200 yuan/ton compared to before the holiday.

Price trend of domestic Sodium metabisulfite

According to the commodity market analysis system of the business community, the domestic price of Sodium metabisulfite continued to be weak this week. The average price of industrial Sodium metabisulfite at the beginning of the week was 2000.00 yuan/ton, and the average price at the weekend was 1966.67 yuan/ton, down 1.67% in the week.

Pressed by the continuous low price of raw materials, the market price of Sodium metabisulfite of some enterprises continued to decline this week, driving the domestic Sodium metabisulfite market price to continue to decline weakly. This week, the domestic industrial Sodium metabisulfite market price range was 1900-2300 yuan/ton, most prices were concentrated around 1900-2000 yuan/ton, and enterprises mainly completed orders from old customers. (The above prices refer to external quotations from mainstream domestic enterprises, and some enterprises that have not been quoted are temporarily excluded from their scope. The prices are for reference only and are not related to the manufacturer’s final pricing. For more information, please contact each manufacturer for consultation.).

As of June 25, the price of domestic soda ash fell 5.77% in the month, and the price of sulfur fell 5.76%. The continuous decline of raw material cost will further suppress the future market price of Sodium metabisulfite.

Future Market Forecast

Analysts from the business community believe that the cost of raw materials continues to decline, and it is expected that the domestic market price of Sodium metabisulfite will still have some room to fall in the short term.

The price of plasticizer DOP fluctuated and increased this week

According to the Commodity Market Analysis System of the Business Society, as of June 19, the price of DOP was 9675 yuan/ton, an increase of 4.50% compared to the price of 9258.33 yuan/ton on June 10. The prices of raw materials such as isooctanol and n-butanol have rebounded and increased, while the cost of plasticizer DOP has increased. The price of plasticizer DOP has fluctuated and increased.

The price of isooctanol fluctuated and rose this week

According to the Commodity Market Analysis System of Business Society, the price of isooctanol was 9040 yuan/ton on June 19, an increase of 3.67% compared to 8720 yuan/ton on June 9. This week, the price of isooctanol fluctuated and increased, the cost of plasticizer products increased, and the price of plasticizer DOP fluctuated and increased.

The market of raw material phthalic anhydride is fluctuating and stabilizing

According to the market analysis system for phthalic anhydride products of the Business Society, as of June 19, the quotation for neighboring phthalic anhydride was 7637.50 yuan/ton, a decrease of 0.65% compared to the 7687.50 yuan/ton price of phthalic anhydride on June 9 last weekend. This week, the price of phthalic anhydride fluctuated slightly and fell. The operation of phthalic anhydride enterprises was stable, the supply of phthalic anhydride was sufficient, downstream demand for on-demand procurement was poor, raw material costs were weak and temporarily stable, and there is still pressure on the cost of plasticizers to decline.

Future expectations

Business Society plasticizer product data analysts believe that this week, the price of isooctanol fluctuated and increased, while the price of phthalic anhydride fluctuated and stabilized. The cost of plasticizer product DOP increased, and the downward pressure on plasticizer product DOP prices weakened. The upward momentum increased. In the future, the price of isooctanol has increased, the cost of plasticizers has increased, and the operating rate of DOP enterprises is 70%. The supply of plasticizers is sufficient, and the demand for plasticizers is still weak. The cost is positive, and the upward momentum of plasticizers is increasing. It is expected that the price of plasticizer DOP will fluctuate and rise.

Price trend of domestic Sodium metabisulfite

According to the commodity market analysis system of the business community, the domestic price of Sodium metabisulfite was weak this week. The average price of industrial Sodium metabisulfite at the beginning of the week was 2033.33 yuan/ton, and the average price at the weekend was 2000.00 yuan/ton, down 1.64% in the week.

In June, the price of domestic soda ash continued to decline in a weak way. Under the low pressure system of raw material cost, manufacturers have successively lowered the ex factory price. This week, the market price range of industrial Sodium metabisulfite was 1900-2300 yuan/ton, and most prices were concentrated around 1900-2200 yuan/ton. Downstream trading entities have a strong wait-and-see attitude, with enterprises mainly completing orders from old customers.

As of June 16, the price of domestic soda ash remained weak, falling by 6.25% in the month, and the price of sulfur rose slightly, rising by 2.06% in the month. On the whole, the continuous weak downward trend of upstream raw material cost will further suppress the future Sodium metabisulfite market price.

Future Market Forecast

Analysts from the business community believe that the cost of raw materials continues to decline, and the domestic market price of Sodium metabisulfite will continue to be under pressure in the short term.

According to the commodity market analysis system of the business community, the 1 # electrolytic manganese market was weak this week (from June 2 to June 9). The price of Spot market in East China was 16250 yuan/ton on June 9, down 0.31%.

In terms of manganese ore: This week, the manganese ore market experienced a volatile and weak trend, with some miners’ sentiment towards price easing. This was mainly due to the sluggish downstream silicon and manganese prices, weak market performance, and lower than expected steel bidding prices, resulting in low downstream purchasing enthusiasm and continuous downward pressure on the mine. Some miners’ mentality was affected by this, and there was a slight relaxation in manganese ore transactions; The Qinzhou Port manganese ore market has maintained stable operation, and the overall quotation is firm. The actual transaction situation is average, and it is in the stage of game between supply and demand. As of June 9, the price of Port of Tianjin has declined by 0.2-0.3 yuan/ton, the transaction of semi carbonic acid mainstream is around 31.2 yuan/ton, Australia is about 40 yuan/ton, Gabon’s price is below 38.5 yuan/ton, and the overall price performance is weak; The quotation for semi carbonic acid in Qinzhou Port is 30.5-31 yuan/ton, the price for high altitude Australian seeds is 37-37.5 yuan/ton, the price for Gabonese blocks is 37.5-38 yuan/ton, the price for Australian blocks is 40-40.5 yuan/ton, and the transaction price for South African high-speed rail is 31.5 yuan/ton.

The K-bar chart of commodity prices uses the concept of a price trend K-line to reflect weekly or monthly price fluctuations in the form of a bar chart. Investors can buy and sell investments based on the changes in the K-bar chart. Red indicates an increase; Green indicates a decline; The height of the K-bar represents the range of fluctuations. From the weekly and monthly electrolytic manganese K-bar chart above, it can be seen that since December 2022, prices have been declining for 5 consecutive months, temporarily stabilizing for 4 consecutive weeks, and then slightly rising before falling again.

The electrolytic manganese market is operating weakly this week, with mainstream market prices ranging from 14700 to 14800 yuan/ton, a decrease of 100 yuan/ton compared to last week. At the beginning of this week, the overall market performance was weak, and the market continued its previous trend, with prices temporarily stabilizing. During the weekend, there were rumors in the market that large factories would start construction, and the expected supply in the future was relatively loose, driving market sentiment downward. The game mentality between the supply and demand sides is strong, and the market has a strong wait-and-see atmosphere. The FOB price is between $2070 and $2120 per ton, a decrease of $50 per ton compared to last week. Overall, the business community expects that downstream demand as a whole will remain weak and difficult to improve in the short term. Market rumors suggest that supply may be loose in the future, dragging down market sentiment. It is expected that the future market will be dominated by stable, moderate, and weak operation, and we will wait for more guidance on steel bidding prices in the future.

This week, the silicon manganese Spot market is weak and downward, the price of steel bidding inquiry is low, the profit difference of manufacturers is large, and the market mentality is general. According to the Commodity Market Analysis System of the Business Society, the market quotation for silicon manganese in Ningxia region (specification FeMN68Si18) was around 6450-6650 yuan/ton on June 9th, with an average market price of 6593 yuan/ton, a decrease of 0.35% compared to the beginning of the week.

Related data:

According to customs data, the total export volume of unwrought manganese, manganese waste and powder (electrolytic manganese) in April 2023 was approximately 20600.3 tons, a decrease of 38.42% compared to the previous month; In April 2023, the total import volume of unwrought manganese, manganese waste and powder (electrolytic manganese) was approximately 4700.006 tons, a decrease of 14.55% compared to the previous month.

On June 11th, the base metal index stood at 1179 points, unchanged from yesterday, a decrease of 27.04% from the cycle’s highest point of 1616 points (2022-03-09), and an increase of 83.64% from the lowest point of 642 points on November 24th, 2015. (Note: The cycle refers to the period from December 1st, 2011 to the present).

According to the price monitoring of the Business Society, there were a total of 15 commodities in the non-ferrous sector on the list of commodity prices rising and falling in the 23rd week of 2023 (6.5-6.9), with zinc (3.59%), tin (3.50%), and silver (3.38%) ranking among the top three commodities on the list. There are four products that have decreased compared to the previous month, with magnesium (-1.49%), antimony (-0.61%), and metallic silicon (-0.56%) ranking among the top three products. This week’s average increase or decrease was 0.9%.

1、 Price trend

According to the monitoring of the Commodity Market Analysis System of the Business Society, the isopropanol market fell this week. At the beginning of the week, the average price of isopropanol in China was 6630 yuan/ton, while the average price over the weekend was 6460 yuan/ton. During the week, the price decreased by 2.56%.

The market price of isopropanol continued to decline this week. At present, the market situation is still light and trading sentiment is poor. The upstream acetone market price has fallen, and cost support is weak. Downstream procurement is cautious, with on-demand orders being the main focus. Most businesses maintain a wait-and-see attitude, with fewer inquiries and more wait-and-see, resulting in slow shipments. As of now, the majority of quotations for isopropanol in the Shandong region are around 6100-6400 yuan/ton; The majority of prices for isopropanol in the Jiangsu and Zhejiang regions are around 6600-6800 yuan/ton.

In terms of raw material acetone, the market price of acetone has been lowered this week. At the beginning of the week, the average price of acetone was 5270 yuan/ton, while on Friday, the average price was 5237.5 yuan/ton. The price was reduced by 0.62%. This week, there was a serious lack of follow-up on the demand side of the market, with very few customers actively entering the market for procurement. Holders were under pressure and had a high intention to sell out. Major mainstream market quotations continued to decline, and factories had to lower their listing prices multiple times in an inverted situation. Downstream factories were mainly wait-and-see, which hindered their procurement pace.

In terms of propylene, according to the commodity market analysis system of the Business Society, the propylene market in Shandong has been fluctuating and rising this week, but the rise is weak. At the beginning of the week, due to the widening price difference between downstream PP and propylene, there was a certain profit margin in the downstream, and procurement was more active. Propylene enterprises took advantage of the trend and drove up. In the second half of the week, due to the impact of surrounding land prices and sources of goods, coupled with the decline in crude oil prices, the mentality of the industry was dragged down. Propylene prices stopped falling and retreated. At the same time, the wait-and-see atmosphere on the market became increasingly strong, suppressing price increases.

3、 Future Market Forecast

An isopropanol analyst from the Chemical Branch of the Business Society believes that the price of raw acetone has decreased, and the propylene market has fluctuated and risen. However, the increase is weak, overall cost support is weak, downstream demand is still weak, and overall market confidence is insufficient. Operators should be cautious and wait, and purchase according to their needs. It is expected that the isopropanol market will be weak in the short term and will continue to consolidate and operate.

1. What is alumina?

Aluminum oxide, also known as aluminum trioxide, is a dehydrated product obtained from bauxite through Bayer process, sintering process, and other processes. It is a white powder or sand like substance.

2. What are the quality indicators of alumina?

The quality indicators of alumina mainly include chemical composition and physical properties. According to the provisions of the national standard GB/T24487-2022 for alumina, the main chemical composition indicators include AL2O3, SiO2, Fe2O3, Na2O, CaO, and ignition reduction content; The main physical performance indicators include specific surface area and particle size.

How is alumina classified?

According to different uses, alumina can be divided into two categories: one is used as a raw material for electrolytic aluminum, called metallurgical grade alumina; The other type is non metallurgical alumina used in fields such as ceramics, chemicals, pharmaceuticals, etc., called special alumina, also known as chemical alumina. Currently, the majority of global alumina is used for electrolytic aluminum smelting and production, while only about 5% is used for other purposes.

What quality standards are used in the alumina industry?

At present, there are two aluminum oxide standards issued and implemented in China: one is the national standard “Aluminum Oxide” (GB/T24487-2022), which is applicable to aluminum oxide produced from bauxite, recycled aluminum oxide raw materials, and other raw materials used for the production of metal aluminum by molten salt electrolysis. It is also applicable to aluminum oxide used as raw materials for the production of corundum, ceramics, refractory products, and other aluminum oxide chemical products; The second is the industry standard “Metallurgical Grade Aluminum Oxide” (YS/T803-2012), which is only applicable to the aluminum oxide used in the production of electrolytic aluminum by the molten salt electrolysis method, that is, metallurgical grade aluminum oxide.

5. What are the main production costs of alumina?

The production cost of alumina mainly includes raw material costs and manufacturing expenses. Among them, the cost of raw materials mainly includes bauxite, caustic soda, and energy, with the proportion of these items accounting for approximately 39.7%, 15.6%, and 25% in 2022, respectively; Manufacturing costs mainly include labor costs, depreciation, and repair costs, accounting for approximately 15.7% of the total.

What are the production processes for alumina?

The production process of alumina mainly includes Bayer method and sintering method. The process flow of Bayer method roughly includes the following main steps: crushing bauxite and mixing it with caustic soda to produce qualified raw ore slurry; Pre desilication, dilution, and sedimentation separation of red mud for the original ore slurry; The precipitate is decomposed into aluminum hydroxide through seed crystallization; Aluminum hydroxide is separated, washed, and roasted to obtain alumina.

The sintering process involves the following main steps: producing fine abrasive slurry from bauxite, limestone, and soda ash in proportion; After sintering, dissolution, and desilication procedures, prepare sodium aluminate solution; After the solution undergoes carbonation decomposition, the precipitated aluminum hydroxide and sodium carbonate mother liquor are separated; Roast aluminum hydroxide to form alumina.

What is the relationship between aluminum oxide and electrolytic aluminum?

Aluminum oxide is the main raw material for the production of electrolytic aluminum. Usually, 4 tons of bauxite can produce 1.92 tons of aluminum oxide and then 1 ton of electrolytic aluminum.