Price trend chart of sodium pyrosulfite in China

According to the Commodity Market Analysis System of Business Society, the price of domestic sodium metabisulfite remained stable and advanced this week. The average weekly price of industrial grade sodium metabisulfite was 2683.33 yuan/ton, and the average weekend price was 2683.33 yuan/ton, indicating overall stability.

This week, the overall price of domestic soda ash remained stable and advanced, with sulfur prices slightly decreasing and raw material costs slightly fluctuating. The overall quotation of sodium metabisulfite manufacturers remained stable, and the domestic industrial grade sodium metabisulfite market price range for this week was 2600-2800 yuan/ton. The inventory of the enterprise is about 30%, mainly to complete old customer orders. (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 September 22, the price of domestic soda ash has increased by 5.46% during the month, while the price of sulfur has decreased by 3.55% during the month. The cost of raw materials has stabilized due to fluctuations, and the market price of sodium pyrosulfite in the future lacks momentum to continue to rise.

Future Market Forecast

Analysts from Business Society believe that cost fluctuations are stabilizing, and downstream trading entities are increasing their wait-and-see attitude. It is expected that in the short term, the domestic market price of sodium metabisulfite will remain at the current level and slightly consolidate.

1、 Price trend

According to the Commodity Analysis System of the Business Society, the domestic market for imported potassium chloride has slightly increased this week, with prices rising from 3025.00 yuan/ton at the beginning of the week to 3050.00 yuan/ton at the end of the week, an increase of 0.83%. On September 18th, the potassium chloride (imported) commodity index was 96.83, unchanged from yesterday, a decrease of 44.54% from the cycle’s highest point of 174.60 points (2022-06-21), and an increase of 66.23% from the lowest point of 58.25 points on August 6th, 2020. (Note: The cycle refers to the period from March 1st, 2012 to present)

2、 Market analysis

 
This week, the prices of mainstream domestic potassium chloride distributors have fluctuated. The arrival price of 60% white potassium in Qinghai is around 2700 yuan/ton, and the self raised price of 62% white potassium in ports is around 2800-2900 yuan/ton. The self raised price of 60% Dahong granules at the port is around 3000 yuan/ton. Border trade accounts for 62% of Russian white potassium at around 2800 yuan/ton.

From the downstream market situation of potassium chloride, the price of potassium carbonate in the market increased slightly this week, from 7590.00 yuan/ton at the beginning of the week to 7610.00 yuan/ton at the weekend, an increase of 0.26%, and the weekend price decreased by 19.04% year-on-year. This week, the market price of potassium nitrate stabilized at a high level, with a price of 5600.00 yuan/ton. Over the weekend, the price decreased by 16.10% year-on-year. Overall, the downstream market for potassium chloride has slightly increased, and downstream customers have a good demand for potassium chloride.

3、 Future Market Forecast

In late September, the overall trend of potassium chloride market may fluctuate and rise in a narrow range, with consolidation being the main trend. The prices of potassium chloride in salt lakes and Zangge have increased, and the market atmosphere is good. The downstream market of potassium chloride has slightly increased, and downstream demand has increased, with primary demand for procurement. Analysts from the Business Society believe that domestic potassium chloride import prices may slightly increase in the short term.

Last week (September 11-17, 2023), the market for viscose staple fibers remained stable and rose, with a slight upward shift in the focus of market transactions. The main focus is on factory orders for shipment, with partial transactions of imported dissolved pulp. There is still support on the cost side, and overall inventory consumption is mainly on the wait-and-see side. The start-up rate of the viscose staple fiber industry is basically maintained, and the overall industry load has risen to around 79%. The price center of human cotton yarn is relatively stable, and the price is stable. The initial upward trend has slowed down, and the overall downstream procurement enthusiasm has slightly decreased, with inventory digestion being the main focus. The demand from downstream weaving manufacturers is still relatively flat, and the improvement is not significant.

Viscose staple fiber price trend chart

According to the Commodity Market Analysis System of Business Society, last week (September 11-17, 2023), the price of viscose staple fiber remained stable and increased. As of September 17, the domestic factory quotation for 1.2D * 38mm viscose staple fiber was 13400 yuan/ton, an increase of 60 yuan/ton compared to the previous week, with a weekly increase of 0.45%.

In terms of cost: The price of raw material dissolved pulp is stable, and manufacturers in Hunan and Shandong produce broadleaf dissolved pulp. The quotation for domestic dissolved pulp is around 7300-7400 yuan/ton. Local transactions of imported dissolved pulp occurred, with broadleaf dissolved pulp reaching around 860 US dollars per ton and coniferous dissolved pulp reaching around 870 US dollars per ton.

Supply demand: The operating rate of the viscose staple fiber industry is basically maintained, and the overall industry load has risen to around 79%. The inventory pressure of manufacturers is not high, and some manufacturers may not have enough inventory to partially limit the quantity of orders signed, and shipments may be slightly tight. The sales of ring spun human cotton yarn have not shown much improvement, while vortex spinning is relatively good. The demand from downstream weaving manufacturers is still relatively flat, and the improvement is not significant.

Downstream cotton yarn market

Chart of the price trend of human cotton yarn

Last week (September 11-17, 2023), with cost support, the price of human cotton yarn remained firm and stable. Currently, the rise in grey fabric is slightly sluggish, and transmission will take time. As of September 10th, the average ex factory price of human cotton yarn (30S, ring spun, first class) is 17650 yuan/ton, which is consistent with the previous price. The overall enthusiasm for downstream procurement has slightly decreased, with inventory digestion being the main focus. The start-up rate of the human cotton yarn industry is basically maintained at around 70%, which is basically stable.

Future Market Forecast

The textile market is currently in a traditional peak season, and the inventory of the viscose staple fiber industry is at a medium to low level, which is expected to provide a strong boost to the price of viscose staple fibers. Analysts from Business Society predict that in the short term, the overall market for viscose staple fibers and rayon yarn will be relatively strong, and prices will slightly increase.

Price trend chart of sodium pyrosulfite in China

According to the Commodity Market Analysis System of Business Society, the domestic sodium metabisulfite price has slightly strengthened this week. The average price of industrial grade sodium metabisulfite at the beginning of the week is 2650.00 yuan/ton, and the average price at the weekend is 2683.33 yuan/ton, with a weekly increase of 1.26%.

In mid September, the prices of upstream raw materials for sodium metabisulfite have fluctuated, and the overall increase in raw material costs has slowed down. This week, the domestic market price for sodium metabisulfite has remained stable and relatively strong, with a price range of 2600-2800 yuan/ton for industrial grade sodium metabisulfite this week, with most prices concentrated around 2750-2800 yuan/ton. Enterprises mainly complete old customer orders. (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 September 15th, the price of domestic soda ash has increased by 4.44% during the month, while the price of sulfur has slightly decreased, with a decrease of 3.25% during the month. Upstream raw material prices have fluctuated, and the overall trend of raw material cost increase has stabilized.

Future Market Forecast

Analysts from Business Society believe that the rise in raw material costs has slowed down, and downstream trading entities have increased their wait-and-see attitude. It is expected that the domestic sodium metabisulfite market price will continue to rise in the short term without sufficient momentum.

Recently (9.1-9.11), the nitrile rubber market has slightly increased. According to the Commodity Market Analysis System of Business Society, as of September 11th, the price of nitrile rubber was 14850 yuan/ton, an increase of 5.13% from 14125 yuan/ton at the beginning of the month. The price of raw material butadiene has significantly increased, while the price of acrylonitrile has slightly increased, resulting in an increase in the cost of nitrile rubber; Downstream inquiries are often made on demand, resulting in relatively flat market transactions. Recently, the factory prices of nitrile rubber have increased to varying degrees. As of September 11th, the mainstream market price of Lanhua Nitrile 3305 in East China was 13800~14200 yuan/ton.

Recently (9.1-9.11), the price of raw material butadiene has significantly increased, while the price of acrylonitrile has slightly increased, resulting in an increase in the cost of nitrile rubber. According to the Commodity Market Analysis System of Business Society, as of September 11th, the price of butadiene was 8592 yuan/ton, an increase of 12.67% from 7626 yuan/ton at the beginning of the month; As of September 11th, the price of acrylonitrile has increased by 2.21% at 9237 yuan/ton compared to 9037 yuan/ton at the beginning of the month.

Recently (9.1-9.11), the construction of domestic nitrile rubber plants has slightly increased and then decreased. At the beginning of the month, the Taiwan rubber nitrile plant was shut down for maintenance, and the Jinpu nitrile plant, which was shut down before September 10th, was restarted. The supply side of nitrile rubber is relatively tight.

The downstream rubber hose, automotive parts, and other rubber product industries have started stable operations, and the overall demand for nitrile rubber continues to be high, with a general on-site trading atmosphere; The domestic nitrile rubber market has a tight supply of goods, low inventory of enterprises, and many merchants are adjusting their factory prices.

Future forecast: Business Society nitrile analysts believe that the current supply of nitrile rubber is relatively tight, and the downstream just needs to support the transaction atmosphere is average. It is expected that in the short term, the nitrile rubber market will rise and consolidate.

Market analysis for this week

According to the monitoring of Business Society, as of the 8th, the average price of magnesium ingots in the domestic market was 24333.33 yuan/ton, an increase of 6.88% on a weekly basis. As the export shipping schedule approaches, the market transaction atmosphere is good, and some factories in the Fugu region continue to suspend production for a longer time. Inventory pressure is not high, and manufacturers’ reluctance to sell at high prices has further strengthened. By Friday, the mainstream factories in the Fugu region are offering a spot exchange rate of 24300-24500 yuan/ton, including tax.

In terms of supply and demand

In terms of supply, some domestic magnesium factories have not yet resumed production, with low inventory and little pressure on manufacturers to ship. Some factories need to schedule production. In terms of demand, the export shipping schedule is approaching, and due to the mentality of “buying up instead of buying down”, downstream companies are actively entering the market for inquiry and procurement this week.

In terms of raw materials

This week, the quotation for ferrosilicon in the Ningxia region is around 6850-7000 yuan/ton, with an average market price of 6967 yuan/ton, up 1.39%. The orchid charcoal market is relatively strong, with some enterprises experiencing price increases ranging from 60 to 100 yuan/ton. Under the favorable support of tight spot resources of ferrosilicon, with many manufacturers mainly focusing on production scheduling, as well as the strengthening of the cost side and the gradual concentration of bidding and procurement from steel mills, the willingness of spot factories to increase prices is not decreasing. It is expected that the ferrosilicon spot market may operate stronger in the short term.

Future Market Forecast

Overall, the trading activity of the magnesium ingot market has increased compared to the previous period, coupled with the strong operation of raw materials such as ferrosilicon. There is some support on the cost side, and with a decrease in spot inventory of magnesium factories, many manufacturers are unwilling to ship at low prices, with a clear understanding of price competition and reluctance to sell. However, at present, the transaction volume in the magnesium market is gradually slowing down, and downstream resistance to high prices is becoming stronger. It is expected that the short-term narrow range consolidation of magnesium prices will be the main trend.

According to the Commodity Market Analysis System of the Business Society, the 1 # electrolytic manganese market slightly increased this week (September 4th to September 11th). The market price in East China was at 13900 yuan/ton on September 11th, with an increase of 100 yuan/ton.

In terms of manganese ore: This week, there was a positive turn in the manganese ore market, with the silicon manganese market breaking through 7000 yuan/ton and continuing to rise. The confidence in the manganese based market was fully driven, and the enthusiasm of miners increased. Manganese ore prices showed varying degrees of upward trend, with a price increase of 1-1.5 yuan/ton. Transactions also showed improvement, and the overall mood of manganese ore remained high. Low price shipments gradually decreased, and the difficulty of negotiation increased. The overall market showed an upward trend.

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 prices have been declining for 5 consecutive months since December 2022. After a slight recovery in May, they have been declining for 8 consecutive weeks since June, and prices have slightly increased this week.

The electrolytic manganese market has slightly rebounded this week, rising by about 100 yuan/ton, with mainstream spot market prices ranging from 12500 to 12600 yuan/ton. As the market’s atmosphere of gold and silver intensifies, there is a partial increase in downstream demand. In the early stage, some manufacturers limited production due to the downward trend in prices, and the supply of electrolytic manganese was slightly tight. With the expected improvement in demand and the boost of tight supply, market prices slightly rebounded this week. The recent introduction of steel bidding prices is relatively close to the market, and there is a strong wait-and-see sentiment on the market. With the improvement of demand, market transactions have increased compared to the previous period, and the market is waiting for the subsequent introduction of steel bidding prices. In the future, the market is on the wait-and-see side and will remain temporarily stable in the short term. Pre holiday stocking may bring some upward space.

This week, the silicon manganese market slightly increased, and the market mentality improved. The price support sentiment increased, and the mainstream steel bidding prices settled, rising month on month. The spot market quotation also rose. According to the Commodity Market Analysis System of the Business Society, the market quotation for silicon manganese in Ningxia region (specification FeMN68Si18) was around 6600-6700 yuan/ton on September 8th, with an average market price of 6681 yuan/ton.

Related data:

Customs data shows that the total export volume of unwrought manganese, manganese waste and powder (electrolytic manganese) in June 2023 was approximately 24847.275 tons, an increase of 15.74% month on month and a decrease of 19.20% year on year.

In June 2023, the total import volume of unwrought manganese, manganese waste and powder (electrolytic manganese) was approximately 1520.011 tons, a decrease of 39.2% compared to the previous month and a year-on-year increase of 51.99%.

On September 10th, the base metal index stood at 1233 points, unchanged from yesterday, a decrease of 23.70% from the cycle’s highest point of 1616 points (2022-03-09), and an increase of 92.06% 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, in the 36th week of 2023 (9.4-9.8), there were a total of 18 commodities in the non-ferrous sector that rose month on month in the list of commodity prices. Among them, there was one commodity that increased by more than 5%, accounting for 4.3% of the monitored commodities in this sector; The top three commodities with the highest increase were magnesium (6.41%), metallic praseodymium (4.69%), and praseodymium oxide (3.94%). There are four products that have decreased compared to the previous month, with nickel (-2.33%), silver (-1.70%), and copper (-1.56%) ranking among the top three products. This week’s average rise and fall was 1.59%.

Price trend chart of sodium pyrosulfite in China

According to the Commodity Market Analysis System of Business Society, the price of domestic sodium metabisulfite continued to rise this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 2550.00 yuan/ton, and the average price at the weekend was 2650.00 yuan/ton, with a weekly increase of 3.92%.

In late August, the prices of upstream raw materials such as soda ash and sulfur significantly increased, supported by a significant increase in raw material costs. In September, manufacturers once again raised the factory price of sodium metabisulfite, driving the domestic market price of sodium metabisulfite to continue to rise. This week, the domestic industrial grade sodium pyrosulfite market price range is 2700-2800 yuan/ton. The inventory of enterprises continues to be low, and the overall supply of sodium metabisulfite market is tight. Enterprises mainly complete 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 September 8th, the price of domestic soda ash continued to rise, rising by 2.39% during the month. The price of sulfur continued to rise, rising by 4.44% during the month. The continued increase in raw material costs will further support the market price of sodium metabisulfite in the future.

Future Market Forecast

Analysts from Business Society believe that under the dual support of cost and demand, the domestic market price of sodium metabisulfite will continue to be strong in the short term.

According to the Commodity Market Analysis System of the Business Society, supported by the continuous increase in raw material costs, the price of sodium metabisulfite in China has recently rebounded significantly. On September 5th, the average price of industrial grade sodium metabisulfite was 2550.00 yuan/ton, a significant increase of 28.57% within 10 days, and a significant increase of 36.61% from the low point of the year.

Starting from mid to late August, the price of domestic soda ash rebounded significantly, rising by 41.26% within the month, while the price of sulfur rose by 30.08% within the month. Upstream raw material prices also increased significantly. In addition, the overall inventory of domestic sodium metabisulfite enterprises was low, and downstream replenishment was more active after the raw material cost increased. Supported by both cost and demand, domestic sodium metabisulfite enterprises successively raised their factory prices in late August, Drive a significant rebound in the domestic market price of sodium pyrosulfite.

Entering September, the domestic soda ash price continued to be relatively strong. As of September 5th, the soda ash price increased by 1.37%, while the sulfur price increased by 3.55%. The continued strong operation of upstream raw material prices will further support the market price of sodium pyrosulfite in the future.

Future Market Forecast

Analysts from Business Society believe that under the dual support of cost and demand, there is still some room for a rebound in the domestic market price of sodium metabisulfite in the short term.

According to data monitored by Business Society, the domestic carbon black market has been on the rise this month. On August 31st, the domestic carbon black N220 was quoted at 10566 yuan/ton, mainly due to the rebound in the coal tar market, which provided impetus for the rebound in the carbon black market. The new single price of carbon black has significantly increased.

Cost side: In terms of raw materials, at the beginning of this month, coal tar prices rose, while carbon black prices continued to rise driven by costs. In mid month, coal tar prices peaked and declined. Entering the last week of August, downstream buying sentiment significantly rebounded, and there were some positive factors on the market. The atmosphere of the coal tar market has warmed slightly, with prices relatively stable and slightly upward. At present, coke companies have a strong enthusiasm for price increases, and the coal tar market atmosphere is good. The cost support for carbon black is still acceptable.

Supply and demand side: Most carbon black enterprises maintain normal operating levels, and recently, there have been carbon black manufacturers in Shandong and Shanxi stopping or reducing production. Currently, the overall inventory of the carbon black industry is not high.

In terms of terminals, the operating level of downstream enterprises is relatively good. In terms of demand, the tire industry in the downstream main market has shown stable performance. With strong support from export orders, the tire industry has been operating at a high level recently. The strong demand in the tire industry has provided strong support for the upward trend of carbon black.

Overall, there are both positive and negative factors in the current market. It is expected to enter the peak season of traditional demand for gold, silver, and other metals. It is expected that the short-term carbon black market will be stronger, and the future trend will focus on downstream demand.