According to the Commodity Market Analysis System of Shengyi Society, the domestic price of sodium metabisulfite has fallen this month. The average price of industrial grade sodium metabisulfite at the beginning of the month was 2003 yuan/ton, and the average price at the end of the month was 1916 yuan/ton, a decrease of 4.33% during the month.

This month, the market price of industrial grade sodium metabisulfite in China has fallen, with upstream soda ash of sodium metabisulfite dropping by 1.56%. Manufacturers are operating normally, but due to the decline in raw material prices and slow market demand, the price of sodium metabisulfite has also fallen. (The above prices refer to the quotes provided by mainstream domestic enterprises, and some unreported enterprises are temporarily not within their scope. The prices are for reference only and are not related to the final pricing of the manufacturers. For details, please contact each manufacturer for consultation.).
Future forecast
At present, the trading atmosphere in the sodium metabisulfite market is sluggish, and it is expected that the domestic market price will mainly fluctuate and weaken in the short term.

Last week, the market price of epichlorohydrin increased. Affected by the adjustment of Indonesian tariff policies, domestic glycerol prices have risen, which has a significant impact on epichlorohydrin, enhancing its cost support and driving up the price center of the epichlorohydrin market. According to the monitoring and analysis system of Shengyi Society, as of May 23, the benchmark price of Shengyi Society’s epichlorohydrin was 9600.00 yuan/ton, an increase of 6.67% compared to the beginning of this month (9000.00 yuan/ton).

Price influencing factors:
On the raw material side, the market price of propylene remains stable, while the market price of glycerol shows an upward trend. According to the market analysis system of Shengyi Society, as of May 23, the benchmark price of propylene in Shengyi Society was 6665.75 yuan/ton, an increase of 1.45% compared to the beginning of this month (6570.75 yuan/ton).
Equipment situation: Currently, the overall operating rate of the industry is 50-60%. Overall, the supply of epichlorohydrin in the market is tight, and prices are showing an upward trend.
Downstream demand side: The downstream epoxy resin market supply remains normal, with a capacity utilization rate of over 50%. But the terminal demand is weak, trading is not smooth, and the main focus is on purchasing for essential needs. Overall, downstream demand is average, and the market has a strong wait-and-see attitude.
Market forecast: Analysts from Shengyi Society believe that the price of raw material glycerol in the market will rise, and the cost side support for epichlorohydrin will strengthen. In addition, the market supply is tight, downstream demand is weak, and the purchasing mentality is not positive. It is expected that the epichlorohydrin market will maintain a stable to strong trend in the short term, and more attention still needs to be paid to changes in raw material prices and market supply and demand.

According to the Commodity Market Analysis System of Shengyi Society, the price of domestic sodium metabisulfite has fallen this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 1966 yuan/ton, and the average price over the weekend was 1933 yuan/ton, with a price drop of 1.70%.

This week, the domestic market price of industrial grade sodium metabisulfite fell. The upstream soda ash price of sodium metabisulfite remained stable, sulfur price fell by 0.67%, and downstream caprolactam price rose by 0.18%. The downstream has limited impact on the price of sodium metabisulfite, and the sodium metabisulfite market lacks favorable support. (The above prices refer to the quotes provided by mainstream domestic enterprises, and some unreported enterprises are temporarily not within their scope. The prices are for reference only and are not related to the final pricing of the manufacturers. For details, please contact each manufacturer for consultation.).
Future forecast
At present, the demand for sodium metabisulfite in the market is light, and it is expected that the domestic market price will mainly fluctuate and weaken in the short term.

According to the Commodity Market Analysis System of Shengyi Society, the price of domestic sodium metabisulfite has fallen this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 1986 yuan/ton, and the average price over the weekend was 1976 yuan/ton, with a price drop of 0.50%.

This week, the price of industrial grade sodium metabisulfite in the domestic market has fallen. The upstream soda ash price of sodium metabisulfite remains stable, while the downstream caprolactam price has risen by 2.74%. The downstream market has limited impact on the price of sodium metabisulfite, and the transaction volume in the sodium metabisulfite market is light. (The above prices refer to the quotes provided by mainstream domestic enterprises, and some unreported enterprises are temporarily not within their scope. The prices are for reference only and are not related to the final pricing of the manufacturers. For details, please contact each manufacturer for consultation.).
Future forecast
At present, the transaction volume of sodium metabisulfite market is limited, and it is expected that the domestic market price will mainly fluctuate and weaken in the short term.

According to the Commodity Market Analysis System of Shengyi Society, the price of domestic sodium metabisulfite has fallen this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 2003 yuan/ton, and the average price over the weekend was 1986 yuan/ton, with a price drop of 0.83%.
This week, the domestic market price of industrial grade sodium metabisulfite has fallen. The upstream price of sodium metabisulfite, soda ash, has fallen by 1.42%, sulfur prices have risen by 7.93%, and downstream caprolactam prices have fallen by 2.25%. Affected by the decline in upstream and downstream prices, the price of sodium metabisulfite is under pressure to fall. (The above prices refer to the quotes provided by mainstream domestic enterprises, and some unreported enterprises are temporarily not within their scope. The prices are for reference only and are not related to the final pricing of the manufacturers. For details, please contact each manufacturer for consultation.).
Future forecast
At present, the price of sodium metabisulfite is under pressure and the trading volume is light. It is expected that the domestic market price will mainly fluctuate and weaken in the short term.

The mainstream phenol market in China fell in April. According to data monitored by Business Society, the domestic phenol market price was 7337 yuan/ton on April 1st, and 6712 yuan/ton on April 30th, a decrease of 8.52%.

At the beginning of the month, phenol imports and domestic trade shipments arrived at the port one after another, and the inventory at Jiangyin Port increased to 20000 tons. However, considering the longer storage time for imported goods and the less pressure on the supply side, traders began to have a slight intention to boost the market. However, terminal procurement was poor. With the sharp decline in crude oil during the Qingming holiday, pure benzene fell widely, with a daily decline of more than 10%. The negative impact on the cost side led to an overall decline in industry volume, and the phenol market subsequently declined.
In the latter half of the year, the phenol ketone unit of Zhongsha Tianjin Petrochemical was shut down for maintenance, and the overall phenol market supply in North China became tight. The market briefly rose, but there was little room for cost price fluctuations during the same period. Downstream price chasing was cautious, and transactions were poor. As the May Day holiday approached, market stocking sentiment was not optimistic.
As of the 30th, the phenol offers in various mainstream markets across the country are as follows:
Region/ 30 day quotation/ Price fluctuations in April
East China region/ 6550./ -750
Shandong region/ 6650./ -600
Surrounding areas of Yanshan Mountain/ 6700./ -600
South China 6750-700
In April, China’s phenol production was 452500 tons. In terms of equipment, the 280000 tons/year phenol ketone unit of Guangxi Huayi was shut down in February and restarted in April; Sinopec Mitsui’s 400000 tons/year phenol ketone plant was shut down for one month and restarted on April 20th; The 350000 tons/year phenol ketone unit of Zhongsha Tianjin Petrochemical will be shut down for maintenance on April 21st, with an estimated 45 days.
Business Society predicts that the market will fluctuate within a certain range in May. From April, the upstream will have a significant impact on phenol, and we will pay attention to the trend of crude oil pure benzene in the later stage. From the supply and demand perspective, there will be a double increase in May, and the overall change compared to April is not significant. It is expected that the market will operate weakly in May, and the average price may decline compared to April.