1、 Price trend of sodium pyrosulfite in China
According to the monitoring of the business association, the overall domestic market price of sodium pyrosulfite shows a unilateral downward trend in 2019. On January 1, the average price of industrial grade sodium pyrosulfite was 2150.00 yuan / ton, and on December 27, the average price was 1760 yuan / ton, down 18.14% in the year.
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2、 Market analysis
After the Spring Festival, the domestic sodium metabisulfite market continued to be weak and adjusted due to the continuous decline of processing costs and the impact of overstocking of enterprise inventory. At the beginning of the year, most of the domestic sodium metabisulfite ex factory quotations were between 1800-2150 yuan / ton. Affected by the traditional off-season, most of the manufacturers focused on completing the previous old orders, and the increase of new orders was limited. At the same time, the continuous decline of the upstream raw material price further suppressed the market price of sodium metabisulfite. In the first half of the year, the domestic market price of sodium metabisulfite was in a weak position, and the sulfuric acid market traded in China in the year The overall price drop is around 1750-1950 yuan / ton.
In the second half of the year, the sodium metabisulfite has entered the peak season and is not prosperous. Under the double suppression of cost decline and weak demand, the manufacturers continue to reduce the factory price, and the domestic market price of sodium metabisulfite continues to decline unilaterally as a whole, with the price falling all the way to the end of the year in the range of 1680-1900 yuan / ton.
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As of December 27, 2019, the price of soda ash upstream of sodium metabisulfite has dropped by 26.53% in the year, and the price of soda ash has dropped by 62.99%. The price of raw materials for upstream processing has continued to decline significantly, and the market price of sodium metabisulfite in China has continued to bear downward pressure under the pressure of raw material cost.
3、 Future forecast
According to business analysts, under the double suppression of cost decline and weak demand, the domestic sodium metabisulfite market price overall shows a unilateral downward trend in 2019, and the price keeps falling until the end of the year by a large margin of 18.14%. Overall, in the short term, the raw material cost is hard to recover, the trade main body has a strong wait-and-see attitude, and the weak demand situation in the downstream is hard to change, and many negative air is under pressure. It is estimated that 202 In the first half of the year, the domestic market price of sodium pyrosulfite will continue to be weak.
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