I. Price Trend Chart of Sodium Pyrosulfite in China
| Thiourea |
According to the monitoring of business associations, the price of domestic sodium pyrosulfite in May was on the bottom slightly weaker. The average price of industrial grade sodium pyrosulfite on May 1 was 1983.33 yuan/ton, and on May 31 was 1966.67 yuan/ton, with a slight drop of 0.84%.
II. Market Analysis
Products: In May, the domestic market demand for pyrosulfite has not improved. The domestic market price of industrial sodium pyrosulfite is mostly between 1800-2000 yuan/ton, and most of the prices are around 1950 yuan/ton. Influenced by the traditional off-season, the domestic sodium pyrosulfite market in May is still light, enterprises are still mainly completing old orders. Meanwhile, the declining raw material cost also suppresses the market price of sodium pyrosulfite in May. The factory price in some areas has been lowered again slightly, which drives the domestic market price of sodium pyrosulfite to continue to operate slightly weakly at the bottom in May.
| Thiourea dioxide |
Industry chain: As of May 30, the price of soda ash in upstream of sodium pyrosulfite fell 1.18% in a single month, the price of sulphur fell 5.9% in a single month, the price of caprolactam in downstream fell 9.8%, and the price of sodium pyrosulfite fell 0.84% in a small way. The price of upstream and downstream products declined along the whole line, the processing cost continued to be suppressed, the wait-and-and-see attitude of trade entities remained unchanged, and the price of sodium pyrosulfite rose and
3. Future Market Forecast
Business analysts believe that the price of upstream and downstream products continues to be weak, the trade body has a strong wait-and-see attitude, and under the double pressure of cost and demand, it will still take some time for domestic sodium pyrosulfite market prices to bottom up.