I. Price Trend Chart of Sodium Pyrosulfite in China
According to the monitoring of business associations, the domestic sodium pyrosulfite continued to move steadily at the bottom in September. The average price of industrial sodium pyrosulfite at the beginning of the month was 1816.67 yuan/ton, and the average price at the end of the month was 1816.67 yuan/ton, with an increase or decrease of 0.
II. Market Analysis
Products: In September, the domestic market for sodium pyrosulfite is still tepid, and the market turnover is still light. The market price of industrial sodium pyrosulfite is between 1700 and 1950 yuan/ton, and most of the prices are around 1800 yuan/ton. In September, the domestic pyrosulfite market as a whole was relatively loose, and the adjustment of raw material cost continued to be weak, which led to the purchase and sale of downstream trading entities continued to be cautious. As a whole, with the use of the whole, the increase of new orders was limited. Most manufacturers were based on orders from old customers, and the demand was not as expected. In September, the market price of sodium pyrosulfite as a whole remained at the bottom relative to each other. Steady forward.
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Industry chain: As of September 29, the price of upstream soda increased by 0.77% in a month, while the price of sulphur dropped by 16.35% in a month. Overall, the cost of sodium pyrosulfite processing still showed a slight downward trend. Under the pressure of cost, the overall price of sodium pyrosulfite market rose weakly.
3. Future Market Forecast
Business analysts believe that raw material costs continue to oscillate downward, market demand is not up to expectations, trade entities are cautious in purchasing and selling, lack of favorable support, the overall recovery of sodium pyrosulfite still takes time, and it is expected that domestic pyrosulfite market prices will continue to fluctuate slightly at the bottom in October.
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