According to the Commodity Market Analysis System of Shengyi Society, the domestic price of sodium metabisulfite remained stable this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 1943 yuan/ton, and the average price over the weekend was 1943 yuan/ton, indicating stable prices.
This week, the domestic market price of industrial grade sodium metabisulfite remained stable. The upstream soda ash price of sodium metabisulfite fell by 0.47%, the sulfur price rose by 2.24%, the downstream caprolactam price remained stable, and the upstream raw material price fluctuated. The market performance was average, and the focus was on market transactions. (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
The domestic market for sodium metabisulfite is generally sluggish, and it is expected that the domestic market price will mainly fluctuate in the short term.

According to the Commodity Market Analysis System of Shengyi Society, from July 25th to August 1st, the average price of BDO in China fell from 8685 yuan/ton to 8400 yuan/ton, with a price drop of 3.29% during the period, a month on month drop of 3.84%, and a year-on-year drop of 5.92%. The domestic BDO prices have dropped significantly, leading to a decrease in supply, while the main downstream industries have experienced a decline in production, resulting in a reduction in raw material digestion and a continuation of the supply-demand imbalance. Holders actively offer discounts for shipments, causing the market center of gravity to fluctuate downward.
On the supply side, the maintenance status of the Lanshantun River Phase II and III facilities continues, while other facilities are operating stably. The industry supply has decreased, and there is no favorable support from the supply side. BDO supply and sales are affected by negative factors.
On the cost side, raw material calcium carbide: The domestic calcium carbide market continues to decline at a low level, and the export of supporting calcium carbide is impacting the market. Some enterprises are accelerating shipments, making flexible transactions, actively shipping, and continuously increasing low-priced sources of goods.. Raw material methanol: The domestic methanol market has rebounded, and as of 10:00 am on August 1st, the reference price for domestic methanol in Taicang is 2395 yuan/ton. The weak consolidation of raw materials such as calcium carbide and methanol, as well as the negative impact of BDO cost factors.
On the demand side, the downstream PTMEG and PBT industries have seen a decrease in load, while other industries are operating stably. The overall production on the demand side has declined, resulting in a decrease in the amount of raw material digestion, and the industry’s supply and demand pressure still exists. The demand side of BDO is affected by bearish factors.
In the future forecast, the supply of BDO market will decrease while the demand will increase, but the industry inventory will accumulate and the supply-demand contradiction will intensify. The BDO analyst from Shengyi Society predicts that the domestic BDO market will mainly be dominated by weak consolidation.

July is the traditional off-season for demand, and some downstream production has slightly decreased due to the impact of high temperatures. Overall, the enthusiasm for entering the market for procurement is average, and rigid demand procurement is maintained as the main focus. However, the downstream wind power industry has a strong demand for orders, which provides support for the price of epoxy resin. In the latter half of the year, the quotation for epoxy resin has increased slightly, but downstream demand is not strong enough to catch up, and the overall stability of enterprise quotations is mainly maintained.

On the supply side, according to statistics, the average operating load rate of the liquid epoxy resin industry during the month was 60%. The spot supply in the market is still relatively abundant, and the market supply and demand are relatively weak.
Due to relatively abundant supply and insufficient demand support, the bisphenol A market continues to decline in negotiations, and there is little positive support in August. The supply of epichlorohydrin in the market has increased, and some companies have offered discounts for shipments. Market offers have followed suit and the support for epoxy resin costs has weakened
Business Society expects a slight increase in the epoxy resin market. The supply side is expected to decline; The demand side has not changed much compared to July. Overall, the spot supply in August may still be relatively abundant, with production companies selling flexibly based on their own orders and inventory. Some companies have wind power orders to support prices, which may be relatively firm, while others may follow suit or have relatively slower prices. The price of epoxy resin is expected to rise slightly in August, with an expected operating range of 13400-14500 yuan/ton.