Below is an analysis of the price trend for solid sodium silicate in the second half of 2024:
Price situation in October
According to the business news agency on October 16, Henan Saiteng Environmental Protection Technology Co., Ltd. and other enterprises of the solid sodium silicate in Zhengzhou City, Henan Province, the latest price at the place of delivery for 5100 yuan / ton.
November price situation
According to the monitoring data of China Report Hall on 23 November, the market price of solid sodium silicate in Zhengzhou City, Henan Province is still 5100 yuan / ton. However, according to the news of Business News Agency on 5 November, the solid sodium silicate of Luhua New Material (Shandong) Co., Ltd. was quoted at RMB 3200 / tonne, and the sodium metasilicate of Chengdu Rongjiaxin Chemical Products Co.
Price trend analysis
Demand-side impact: Sodium silicate is mainly used in construction, detergent, water treatment, metal casting and other fields. In the second half of 2024, the construction industry was affected by weather and other factors, the construction activities in South China slowed down in June due to bad weather, which in turn led to a decline in the demand for sodium silicate, but with the improvement of the weather and the advancement of the construction projects in other regions, the demand gradually recovered. In the long run, with the continuous promotion of infrastructure construction and real estate development, the demand for sodium silicate in the construction industry is expected to maintain stable growth, which will form a certain support for the price.
Supply-side impact: the current supply of sodium silicate is relatively sufficient, manufacturers and suppliers can maintain a stable production, to ensure that the market inventory is sufficient, which plays an important role in stabilising prices.
Cost factors: the main raw materials for sodium silicate include quartz sand, soda ash, coal, etc., whose price fluctuations will affect the production cost of sodium silicate. In the second half of 2024, the overall price of raw materials is relatively stable, but there is a certain risk of fluctuation. If the price of raw materials rises, it will increase the production cost, which will push up the price of sodium silicate; on the contrary, if the price of raw materials falls, it will provide some space for the price downward.
Market competition factors: the number of enterprises in the sodium silicate industry, market competition is intense. Some small and medium-sized enterprises in order to occupy the market share, may take the price reduction strategy, so as to produce a certain downward pressure on the market price. And large enterprises with technology, brand and scale advantages, more voice in the market competition, its price strategy also has an important impact on the market price trend.
Policy factors: the increasingly stringent environmental policy, prompting sodium silicate enterprises to increase environmental investment, improve production processes, which may increase production costs, but also help to promote the industry’s green development and transformation and upgrading. At the same time, the adjustment of relevant industrial policies, such as support for downstream industries or restrictive policies, will also indirectly affect the market demand for sodium silicate and price trends.
Post time: Dec-14-2024