Sodium bisulfate

Recent Commodity Market Intelligence1. **Price Trends** - The mainstream price of sodium bisulfate in the domestic market has recently shown a narrow-range fluctuation, with slight increases in some regions, ranging from 2% to 3%. For example, in the East China region, the price of industrial-grade sodium bisulfate has risen from the previous 1,200–1,300 RMB/ton to 1,230–1,340 RMB/ton. - In the international market, sodium bisulfate prices remain relatively stable overall. However, affected by exchange rate fluctuations, the landed prices of some imported products have seen minor adjustments, ranging between 1% and 2%.2. **Supply Situation** - The operating rate of domestic sodium bisulfate producers remains stable, with most companies maintaining normal production, resulting in sufficient market supply. However, some small-scale enterprises have faced production restrictions due to environmental inspections, though the overall impact on market supply is limited. - On the import side, recent import volumes have remained stable. The main sources of imports are Southeast Asian countries, with imported products primarily meeting domestic high-end market demands.3. **Demand Situation** - Downstream industry demand shows divergence. In the papermaking industry, rising environmental standards have led some paper companies to increase their use of sodium bisulfate as an additive to improve paper quality, resulting in a demand increase of approximately 5%. - In the glass industry, sodium bisulfate is used as a clarifier, and demand remains stable. However, affected by real estate market regulations, the overall demand growth in the glass industry is sluggish, providing limited pull for sodium bisulfate demand. - In other industries such as textiles and leather, demand for sodium bisulfate has remained largely unchanged, with normal procurement levels maintained.4. **Inventory Situation** - Producer inventories are at reasonable levels, with most companies maintaining inventory turnover days of 15–20. Due to stable market demand, companies can digest inventories in a timely manner, resulting in minimal inventory pressure. - Trader inventories are divergent. Some large traders have appropriately increased inventories based on market demand forecasts, while some small traders have adopted a cautious approach, maintaining lower inventory levels.Analysis and Judgment1. **Causes of Price Fluctuations** - The slight domestic price increase is primarily driven by growing demand from the papermaking industry. Additionally, production restrictions on some small-scale enterprises have slightly tightened market supply, providing certain support for prices. - International prices remain stable but are affected by exchange rates, leading to adjustments in the landed prices of imported products. This has a minimal impact on domestic market prices.2. **Impact of Supply-Demand Relationship** - The supply side remains stable overall. Although some small-scale enterprises face production restrictions, large enterprises are operating normally, ensuring sufficient market supply. On the demand side, growth in the papermaking industry is the main driving factor, but sluggish demand growth in industries such as glass limits overall demand expansion. The supply-demand relationship remains largely balanced.3. **Role of Inventory Factors** - Reasonable producer inventories enable timely satisfaction of market demand, contributing positively to price stability. The divergence in trader inventories—where large traders have increased stocks—may provide some support for market prices, while the cautious stance of small traders reflects a certain degree of uncertainty regarding price trends.Forecast1. **Price Trend Forecast** - In the short term, sodium bisulfate prices are expected to continue fluctuating within a narrow range. Supported by sustained demand from the papermaking industry, prices may see a slight increase, but the rise is expected to be limited, around 1%–2%. - In the medium to long term, if there are no significant changes in downstream industry demand and the supply side remains stable, prices will remain relatively stable, with fluctuations not exceeding 3%.2. **Supply-Demand Relationship Forecast** - On the supply side, producer operating rates are expected to remain stable, with no significant changes in market supply. Import volumes will also maintain current levels, meeting domestic high-end market demands. - On the demand side, demand in the papermaking industry is expected to continue growing, though the growth rate may slow. Demand in industries such as glass, influenced by the macroeconomy and the real estate market, is unlikely to see significant improvement in the short term, resulting in limited overall demand growth.3. **Market Risk Warnings** - Attention should be paid to the impact of environmental policies on producers. If environmental inspection intensity increases, it may lead to production suspensions or rectifications for some enterprises, affecting market supply. - There is uncertainty in downstream industry demand changes. For instance, continued sluggishness in the real estate market may further impact demand for sodium bisulfate in the glass industry, potentially exerting downward pressure on market prices.