Price trend of domestic sodium pyrosulfite
According to the monitoring of business agency, the price of domestic sodium pyrosulfite continued to decline in July. The average price of industrial sodium pyrosulfite was 3350.00 yuan / ton on July 1 and 3033.33 yuan / ton on July 29, with an overall decline of 9.45% in the month.
Affected by the continuous decline of upstream raw material prices, some manufacturers reduced the factory price of sodium pyrosulfite slightly in July, driving the overall market price of domestic sodium pyrosulfite to rise and fall. With the price of upstream raw materials further falling, the downstream trade subjects have a strong wait-and-see attitude, and the increase of new orders of manufacturers is limited. In order to ensure shipment, manufacturers have successively reduced the ex factory price again, driving the domestic sodium pyrosulfite market price to continue to decline in July.
In July, the price of domestic soda ash fell slightly, falling by 3.42% during the month, the price of domestic sulfur plummeted by 73.91%, the price of upstream raw materials fell sharply, and the overall market price of domestic sodium pyrosulfite was under pressure in the future under the pressure of cost transmission.
According to the analysts of business agency, the cost of raw materials continues to decline, downstream procurement is more cautious, and under the dual pressure of cost and demand, it is expected that the domestic sodium pyrosulfite market price will still have some room to fall in August.