Price trend of domestic sodium pyrosulfite

Throughout the year, the price of domestic sodium pyrosulfite rose and fell in 2021. The average price of industrial grade sodium pyrosulfite was 1683.33 yuan / ton on January 1 and 2766.67 yuan / ton on December 31, with a significant increase of 64.36% during the year.

Before the Spring Festival, the procurement of downstream trade entities basically ended, and the market trading was relatively light. Affected by the continuous falling cost repression and shipping pressure, some enterprises reduced the ex factory price slightly again, and the domestic sodium pyrosulfite market price was slightly adjusted. On February 3, the domestic sodium pyrosulfite price fell to the low point of 1633.33 yuan / ton, down 3.54% from the same period in 2020.

After the Spring Festival, domestic sodium pyrosulfite manufacturers resumed production one after another, and the operating rate of manufacturers gradually rebounded. At the same time, the prices of upstream soda ash and sulfur continued to rise. Manufacturers successively increased the ex factory price of sodium pyrosulfite, driving the domestic sodium pyrosulfite market price to bottom.

In April, the overall price of domestic soda ash stabilized, the rising trend of cost stabilized, and the wait-and-see attitude of downstream trade subjects increased. After the overall rising trend of domestic sodium pyrosulfite market stabilized, it was located near 1800 yuan / ton and moved forward steadily.

In May, the prices of domestic soda ash and sulfur rose again, coupled with the overall low inventory of downstream trading entities and the dual support of cost and demand, the domestic market price of sodium pyrosulfite continued to rise. In June, the market price of sodium pyrosulfite rebounded to around 2000 yuan / ton, the raw material cost rose sharply, the manufacturer’s inventory continued to be low, and the overall supply of sodium pyrosulfite market was tight, The market price of domestic sodium bisulfite increased sharply in the three quarter. In addition, the double control policy was implemented at the end of September, and the inventory of manufacturers dropped sharply. Some enterprises failed to sign the bill. At the end of September, a number of enterprises adjusted the factory price to 3500 yuan / ton, and the market price of domestic pyrosulfite increased steadily in the three quarter.

In October, the impact of the dual control policy remained the same. The inventory of sodium metabisulfite continued to be low, the market supply continued to be tight, and the domestic market price of sodium metabisulfite continued to rise with the support of cost and demand. The quotation of some manufacturers was raised to near 4100 yuan / ton. At the end of the month, the overall rise of the domestic market price of sodium metabisulfite stabilized with the rise of soda ash and sulfur prices, On October 27, the average price of domestic sodium pyrosulfite was 3766.67 yuan / ton, up 130.61% from the low point of the year on February 3.

In November, domestic soda ash and sulfur prices rose and fell sharply, raw material costs fell sharply, downstream trade entities were cautious in procurement, costs fell and demand fell. Sodium pyrosulfite manufacturers successively reduced the ex factory price of sodium pyrosulfite for many times, and the domestic market price of sodium pyrosulfite fell sharply by 26.55% from November to December.

Since the beginning of 2021, the price of domestic soda ash has increased by 101.49%, the price of sulfur has increased by 100% and the annual increase of raw material cost has exceeded 100%. The cost will strongly support the market price of sodium metabisulfite in 2022.

Future forecast

Business analysts believe that due to the impact of the rise and fall of raw material costs at the end of the year, the domestic sodium pyrosulfite market price will rise and fall as a whole in 2021. It is expected that there is still some room for decline in the domestic sodium pyrosulfite market price in the short term, and the average price will fall to around 2000 yuan / ton after the Spring Festival. On the whole, the increase of raw material cost is still huge, and the cost is still at a high level compared with previous years. In addition, the domestic inventory of sodium pyrosulfite is still low, and the overall decline space of domestic market price of sodium pyrosulfite is limited. In 2022, the domestic market price of sodium pyrosulfite will continue to be mainly affected by the fluctuation of raw material price.