According to the Commodity Market Analysis System of Business Society, the price of domestic sodium metabisulfite stabilized after a weak trend in April 2024, and then stopped falling and rebounded. The average price of industrial grade sodium metabisulfite on January 1st was 2150.00 yuan/ton, and on April 29th it was 2166.67 yuan/ton, with a monthly increase of 0.78%.

In early April, the domestic price of pure alkali sulfur continued to decline, and the raw material cost continued to decrease under the low-pressure system. As a result, enterprises once again lowered the factory price of sodium metabisulfite, driving the domestic market price of sodium metabisulfite to continue to be weak. In the middle of the month, the overall price of upstream raw materials stopped falling and stabilized, and the price of sodium metabisulfite also stabilized and moved forward. In the latter half of the year, supported by the rise in domestic soda ash prices, the domestic market price of sodium metabisulfite also stopped falling and rebounded.

As of April 29th, the domestic soda ash price rose by 4.64% within the month, and the domestic sulfur price rose by 11.8% within the month. The rebound in raw material costs will provide strong support for the domestic sodium metabisulfite market price in May.

Future Market Forecast

Analysts from Shengyishe Sodium Metabisulfite Product believe that upstream raw material prices have stopped falling and rebounded, raw material costs continue to rise, downstream trading entities have a stronger willingness to stock up, and supported by costs and demand, it is expected that the domestic sodium metabisulfite market price will still have some upward space in May.

Recently (4.22-4.28), the market for dichloromethane has weakened and declined. According to the Commodity Market Analysis System of Business Society, as of April 28th, the average price of dichloromethane bulk water in Shandong Province was 2350 yuan/ton, a decrease of 2.08% from 2400 yuan/ton on April 22nd. The prices of raw materials such as methanol and liquid chlorine have decreased, while the cost support for dichloromethane has weakened; The methane chloride plant has been operating steadily, with terminals purchasing according to demand. Some enterprises still face pressure on inventory, and the factory price of dichloromethane has dropped. As of April 28th, the factory price of mainstream dichloromethane bulk water in Shandong region is around 2300-2400 yuan/ton.

Recently (4.22-4.28), domestic methane chloride production has remained stable, with an overall production rate of around 6.80%.

Recently (4.22-4.28), the prices of raw materials methanol and liquid chlorine have decreased, and the cost support for dichloromethane has weakened. According to the Commodity Market Analysis System of Shengyishe, as of April 28th, the spot price of methanol was 2628 yuan/ton, a decrease of 3.22% from 2715 yuan/ton on April 22nd. As of April 28th, the acceptance price of liquid chlorine tank trucks in Shandong region is around 400 yuan/ton.

Downstream R 32 production is basically stable, with terminals picking up goods on demand and businesses mainly watching and watching. Currently, the main support for dichloromethane demand is strong, and the market atmosphere is flat.

Market forecast: Analysts from Business Society’s methane chloride data believe that some companies still face pressure on inventory, and terminal inquiries are cautious; The prices of raw materials such as methanol and liquid chlorine have weakened their support for the cost of dichloromethane. Overall, it is expected that the dichloromethane market may experience weak fluctuations in the future.

According to the commodity market analysis system of Shengyishe, the price of acetic acid continued to rise this week. On April 21st, the average market price of acetic acid was 3450 yuan/ton, an increase of 100 yuan/ton compared to the price of 3350 yuan/ton on April 15th, an increase of 2.99% during the week, and an increase of 11.29% compared to the beginning of the month.

This week, the acetic acid market continued to be strong. The utilization rate of on-site production capacity has significantly decreased, the inventory of manufacturers has decreased, and the quotation of acetic acid is relatively strong and continues to rise. As downstream restocking continues, the demand for purchasing in the market has gradually returned to stability. The market trading atmosphere has weakened, and the price of acetic acid is operating steadily. The overall market situation on the site is on a high level and we are watching.

The upstream raw material methanol market is relatively strong and rising. On April 21st, the average price in the domestic market was 2713.33 yuan/ton, an overall increase of 2.55% compared to the price of 2645.83 yuan/ton on April 15th. The inventory of sample enterprises in mainland China is relatively low, and they are experiencing strong price increases. At the same time, the opening of futures prices is rising, providing strong support to the spot market. Coupled with favorable downstream market conditions, methanol prices are strong and rising.

The downstream acetic anhydride market is strong and stabilizing. On April 21st, the factory price of acetic anhydride was 5650 yuan/ton, an increase of 1.35% compared to the price of 5575 yuan/ton on April 15th. The upstream acetic acid market continues to be strong, with strong cost support for acetic anhydride. The supply of acetic anhydride market is sufficient, downstream production is stable, and on-site trading follows up as needed. Driven by costs, the acetic anhydride market continues to remain at a high level.

In the future market forecast, the acetic acid analyst from Business Society believes that there is no pressure on the inventory of acetic acid enterprises, and the market capacity utilization rate is at a medium to high level. The supplier support is good, and downstream follow-up is needed. The enthusiasm for entering the market has weakened, and the market trading atmosphere is still good. Considering the recovery of on-site equipment in the later stage, the market supply will increase. It is expected that the short-term acetic acid market will remain stable and operate on a wait-and-see basis. In the future, attention will be paid to downstream follow-up.

1、 Price trend

According to the Commodity Analysis System of Shengyishe, the domestic market for imported potassium chloride remained stable this week, with no significant changes in prices compared to the previous week. As of the weekend, the price of potassium chloride was around 2533 yuan/ton, with no increase or decrease.

2、 Market analysis

This week, the domestic potassium chloride market failed to continue the upward trend of last week, and prices stabilized this week. In terms of imports, the price of 60% potassium chloride is mostly between 2200-2500 yuan/ton. Due to the low arrival volume in April, the domestic market performance is basically balanced between supply and demand, and the price remains rigid and strong. However, downstream factories generally have a resistance to price increases, and the peak season for spring plowing procurement is gradually coming to an end. Most enterprises have already replenished their inventory in the early stage, and the demand for compound fertilizer manufacturers is decreasing.

From the downstream market of potassium chloride, the performance of the downstream potassium fertilizer market is average, with price fluctuations varying and not significant. The market price of potassium carbonate slightly increased this week, dropping from 7250 yuan/ton at the beginning of the week to 7260 yuan/ton at the end of the week, with an increase of only 0.1%. The market price of potassium nitrate slightly decreased this week, dropping from 1975 yuan/ton at the beginning of the week to 4962 yuan/ton at the end of the week, an increase of 0.25%. Overall, the downstream market for potassium chloride is sluggish, which may pose a constraint on potassium chloride in the later stage.

3、 Future Market Forecast

In late April, the overall trend of potassium chloride market may turn weak and consolidation oriented. The prices of potassium chloride in salt lakes and Zangge are temporarily stable. The downstream market of potassium chloride has temporarily remained sluggish, but with the weakening of agricultural demand in Northeast China and the weakening of potassium fertilizer demand, potassium chloride procurement may show a downward trend, and compound fertilizer factories mainly produce nitrogen fertilizer. Therefore, the price of potassium chloride may fall weakly.

According to the Commodity Market Analysis System of Business Society, the overall price of domestic sodium metabisulfite is weak and stable this week. The average price of industrial grade sodium metabisulfite at the beginning of the week is 2083.33 yuan/ton, and the average price over the weekend is 2083.33 yuan/ton, showing a stable overall trend.

This week, the overall domestic market price of sodium metabisulfite remained stable and advanced. The market price range for industrial grade sodium metabisulfite is between 2000-2150 yuan/ton, with most prices concentrated around 2000-2100 yuan/ton. The overall supply and demand of sodium metabisulfite market is stable, with enterprises mainly completing orders from old customers. (The above prices refer to quotes from mainstream domestic enterprises, and some companies that have not been quoted are temporarily not within their scope. The prices are for reference only and are not related to the final pricing of the manufacturer. For more details, please contact each manufacturer for consultation.).

This week, the overall price of domestic soda ash remained stable and advanced, with sulfur prices slightly rebounding, rising by 1.66% within the week. Upstream raw material prices stopped falling and stabilized, and cost stabilization provided strong bottom support for the future market price of sodium metabisulfite.

Future Market Forecast

Business Society analysts believe that the domestic market price of sodium metabisulfite is expected to fluctuate slightly after stabilizing with the overall decline in raw material costs.

Recently, the market price of lithium hexafluorophosphate has remained stable. At present, the mainstream price of lithium hexafluorophosphate is around 72000 to 73000 yuan/ton.

In terms of raw materials:

Recently, the price of lithium carbonate in the market has remained stable, putting pressure on the high cost side. According to Business Society, as of April 18th, the benchmark price of lithium carbonate in Business Society was 108800.00 yuan/ton, an increase of 1.68% compared to the beginning of this month (107000.00 yuan/ton).

Downstream aspect:

The purchasing demand atmosphere for downstream electrolyte enterprises is lukewarm, only maintaining the purchase of essential goods. Due to some enterprises having a certain amount of reserves, their demand for raw materials is not active, market transmission is not smooth, and there is no good news.

Post forecast:

According to data analysts from Business Society, due to continuous cost pressures and weak demand from downstream electrolyte companies, the lithium hexafluorophosphate market has limited volatility in the near future and will continue to operate steadily. More information still needs to be paid attention to the raw material market.

According to the commodity market analysis system of Business Society, the price of acetic acid has continued to rise recently. On April 16th, the average market price of acetic acid was 3450 yuan/ton, an increase of 350 yuan/ton compared to the price of 3100 yuan/ton on April 1st, an increase of 11.29%.

Since April, the price of acetic acid has shown a strong upward trend. Due to the low price of acetic acid at the end of March, some downstream buyers have increased their willingness to seek lower prices. At the same time, with the arrival of the Qingming Festival, enterprises are considering downstream replenishment needs, and factory quotations are intentionally pushing up; After the return of the Qingming holiday, downstream acetic acid factories showed a strong willingness to increase prices, and the demand for replenishment gradually increased. Acetic acid manufacturers shipped smoothly, and inventory pressure weakened. Later, the Sopu unit in Jiangsu shut down due to malfunctions, and the Tianjian unit reduced its load. The utilization rate of on-site production capacity significantly decreased, and acetic acid prices in various regions increased. The market trading atmosphere was positive, and acetic acid continued to rise.

The upstream raw material methanol market fluctuates widely. On April 16th, the average price in the domestic market was 2640 yuan/ton, an overall increase of 0.65% compared to the price of 2623 yuan/ton on April 1st. In the early stage, the concentration of spring inspections for domestic methanol plants was average, with the main focus on maintaining high operating levels and weak market prices; In the later stage, the inventory of sample enterprises in mainland China was relatively low, coupled with a significant drop in prices in the early stage, leading to strong exploration of price increases. However, due to downstream resistance to high price inventory, the overall market atmosphere for methanol is still acceptable.

The downstream acetic anhydride market is showing a strong upward trend. On April 16th, the factory price of acetic anhydride was 5650.00 yuan/ton, an increase of 2.96% compared to the price of 5487.50 yuan/ton on April 1st. The upstream acetic acid price has risen strongly, and the cost of acetic anhydride has significantly increased. Acetic anhydride enterprises have stable production, sufficient market supply, and downstream production is stable. Follow up on demand when entering the market, and under the influence of cost, the price of acetic anhydride has increased accordingly.

From a technical perspective, the future market of acetic acid may continue to be strong and upward. Since March 31, 2024, the 7-day moving average has crossed the 30 day moving average and started an upward trend. Currently, the two moving averages continue to rise in the same direction. On April 14, 2024, it was estimated that the probability of a change in operating trend (i.e. a 7-day moving average crossing the 30 day moving average) occurring within the next 7 days is 25.09%.

At present, acetic acid is at a mid low level in one year, a mid low level in two years, and a low level in three years. According to the commodity market analysis system of Business Society, the average value of acetic acid in the past three years is 4528.27 yuan/ton, with a median value of 5958.34 yuan/ton, a minimum value of 2866.67 yuan/ton, and a maximum value of 9050.00 yuan/ton. The bottom price difference (compared to the lowest historical price difference in the past three years) is 583.33 yuan/ton, and the top price difference (compared to the highest historical price difference in the past three years) is 5600 yuan/ton.

In the future market forecast, the acetic acid analyst from Business Society believes that there is no pressure on the inventory of acetic acid enterprises, the market capacity utilization rate has decreased, the supply side news is positive, downstream production is stable, and entry into the market is followed up according to demand. The market trading atmosphere is good, and manufacturers have smooth shipments. It is expected that the acetic acid market will continue to operate strongly in the future, and attention will be paid to downstream follow-up in the future.

This week (4.8-4.14), the market price of isobutanol first fell and then stabilized. According to the Commodity Market Analysis System of Shengyishe, as of April 14th, the average price of isobutanol enterprises was 7950 yuan/ton, a decrease of 1.55% compared to last Monday (isobutanol reference 8075 yuan/ton).

Cost side:

Propylene: The domestic propylene (Shandong) market saw a slight increase this week (4.8-4.12). The average price in the Shandong market at the beginning of the week was 6820 yuan/ton, and the average price over the weekend was 6892 yuan/ton, with a weekly increase of 1.02%, providing moderate support for the isobutanol market.

Isobutyraldehyde: According to the commodity market analysis system of Business Society, the price of isobutyraldehyde has fallen since April. On April 12th, the reference price of isobutyraldehyde was 7212.50, a decrease of 4.68% compared to April 1st (7566.67), which lacks support for the isobutyraldehyde market.

Related product n-butanol:

According to the Commodity Market Analysis System of Shengyishe, in early April, the overall market for n-butanol in Shandong, China, showed a fluctuating downward trend. After the Qingming Festival, the n-butanol market experienced a rebound, with a slight upward trend and another downward trend, providing limited support for the isobutanol market.

Supply and demand side: Recently, the main factories have maintained a stable trend, and some companies have slightly weakened their quotations. In the Shandong market, stability is the main focus on the supply side, while downstream inquiries and purchases are mainly for small orders and urgent needs, resulting in a dull market atmosphere. In the East China market, downstream buying intentions are average, with a focus on observation and small order negotiations in the market.

Future Market Forecast:

The isobutanol analyst from Business Society believes that the isobutanol market is currently stable and mainly on the market. Downstream procurement mentality is average, small orders require immediate follow-up, and short-term market support may still be insufficient. It is expected that the isobutanol market will remain stable in the short term, and more attention should be paid to market news guidance.

Recently (4.1-4.15), the trichloromethane market in Shandong region has been operating steadily. According to the commodity market analysis system of Business Society, as of April 15th, the price of trichloromethane bulk water in Shandong region was 2780 yuan/ton, which remained stable compared to the previous period. Downstream production remains stable with on-demand stocking, while terminal procurement performance is mediocre; The price of raw material methanol slightly decreased, while the price of liquid chlorine first increased and then slightly decreased. The cost of trichloromethane continued to support, and the trichloromethane market remained stable and consolidated.

Recently (4.1-4.15), there has been a slight fluctuation in the domestic supply of methane chlorides, with overall production starting around 70%.

In recent days (4.1-4.15), the price of raw material methanol has slightly decreased, while the price of liquid chlorine has initially risen and then fallen slightly. The cost of trichloromethane continues to support. According to the Commodity Market Analysis System of Shengyishe, as of April 15th, the spot price of methanol was 2615 yuan/ton, a decrease of 0.32% from 2623 yuan/ton on the 1st. As of April 15th, the acceptance price of liquid chlorine tank trucks in Shandong region has remained around 500 yuan/ton, which is lower than the 700 yuan/ton in early April and higher than the 300 yuan/ton at the end of March.

Recently (4.1-4.15), downstream refrigerant R22 has been operating at a stable low level, with weak support for the demand for trichloromethane.

Business Society methane chloride data analyst believes that the cost of trichloromethane is supported; The downstream refrigerant industry is experiencing peak seasons but production remains low, with limited support for the demand for trichloromethane. Overall, in the short term, the trichloromethane market is mainly stable and consolidating.

According to the Commodity Market Analysis System of Business Society, the domestic price of sodium metabisulfite continued to be weak this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 2100.00 yuan/ton, and the average price over the weekend was 2083.33 yuan/ton, a decrease of 0.79% during the week.

Entering April, domestic soda ash prices have continued to be weak, and under the pressure of weak raw material costs, some manufacturers have lowered the factory price of sodium metabisulfite again this week. The market price range for industrial grade sodium metabisulfite this week is 2000-2150 yuan/ton, with most prices concentrated around 2000-2100 yuan/ton. The inventory of the enterprise is about 30%, mainly to complete orders from old customers. (The above prices refer to quotes from mainstream domestic enterprises, and some companies that have not been quoted are temporarily not within their scope. The prices are for reference only and are not related to the final pricing of the manufacturer. For more details, please contact each manufacturer for consultation.).

This week, domestic soda ash prices remained weak and stable, with a slight increase in sulfur prices. The price rose by 5.69%, and raw material costs stopped falling and stabilized. The slight rebound will provide some support for the future market price of sodium metabisulfite.

Future Market Forecast

Business Society analysts believe that raw material costs are weak and stabilizing, and the domestic market price of sodium metabisulfite is expected to follow the overall cost stabilization.