Sodium thiocyanate

Sodium Thiocyanate Market Intelligence Report (July 29, 2026)

I. Price Trends
1. Benchmark Price
- According to Data from Business Network, the benchmark price of sodium thiocyanate on July 28, 2026, stood at RMB 8,833.33 per metric ton, unchanged from early July and up by 1.15% compared to RMB 8,733.33 per metric ton on June 26, 2026.
- Annual price range: lowest RMB 8,500/ton (date unspecified), highest RMB 9,000/ton (date unspecified), median RMB 8,750/ton; current price remains in the upper-mid range.

2. Enterprise Quotations
- Shandong Hongyang Chemical Co., Ltd.: quoted RMB 8,800/ton on July 27 (tax-inclusive, delivery in Shandong Province; 99% purity), remaining stable for multiple consecutive days.
- Shandong Yihé Fine Chemical Co., Ltd.: quoted RMB 9,000/ton on July 28 (tax-inclusive, delivery in Shandong Province; 99% purity; minimum order: 30 tons), RMB 166.67/ton higher than the benchmark price.
- Hubei Qiba Jiu Chemical Co., Ltd.: quoted RMB 8,000/ton on July 27 (ex-factory price, delivery in Wuhan City, Hubei Province; 99% purity), significantly lower than prices in Shandong, likely attributable to regional supply-demand imbalances or cost advantages.

II. Regional Price Disparities
- Shandong Province: mainstream quotations ranged between RMB 8,800–9,000/ton; intense inter-enterprise competition has resulted in minimal price fluctuations.
- Hubei Province: quotation at RMB 8,000/ton, below the national average—possibly due to relatively weaker local demand or transport-cost advantages.
- Jiangsu Province: quoted RMB 9,500/ton on June 25 (99% purity), the highest recent regional price, reflecting localized supply tightness or strong downstream willingness to pay premium pricing.

III. Market Analysis
1. Supply-Demand Dynamics
- Supply Side: Stable quotations from Shandong-based producers indicate ample capacity utilization; however, price divergence across Jiangsu and Hubei provinces suggests regional supply-demand imbalances.
- Demand Side: Steady demand from downstream industries—including pharmaceuticals, electroplating, and agrochemicals—continues to support mid-to-high price levels without notable expansion or contraction.

2. Cost Drivers
- Primary raw materials—thiocyanic acid and sodium hydroxide—have exhibited minimal price volatility recently, offering limited cost-based support to sodium thiocyanate pricing.
- Stricter environmental regulations may increase production costs, though such impact has yet to be fully reflected in current market prices.

3. Regional Competition
- As China’s primary production hub, Shandong enterprises quote near the benchmark price, intensifying local competition. Hubei’s low-price strategy may attract procurement from neighboring regions, but its geographical reach is constrained by transportation costs.

IV. Outlook & Recommendations
1. Short-Term Forecast (1–2 weeks)
- Price range: RMB 8,700–9,000/ton; benchmark price expected to hold steady at RMB 8,800–8,850/ton; regional price spreads may widen.
- Prices in Shandong Province are anticipated to remain stable, while minor adjustments may occur in Hubei and Jiangsu due to localized supply-demand rebalancing.

2. Medium-Term Forecast (1–3 months)
- Should downstream demand recover—for instance, with the onset of peak pesticide season—prices could exceed RMB 9,000/ton. Conversely, oversupply could drive prices down to RMB 8,600–8,700/ton.
- Close monitoring is advised for raw material price movements and enforcement intensity of environmental policies.

3. Strategic Recommendations
- For Buyers: Procure as needed in Shandong; consider moderate inventory building from Hubei’s lower-priced supplies; for Jiangsu’s premium-priced region, adopt a wait-and-see approach or explore alternative supply sources.
- For Producers: Optimize capacity utilization, closely track regional demand variances, and avoid destructive price competition; strengthen cost control to mitigate potential downward pricing pressure.