Market Analysis - Monthly Report - June, 2020 - Potassium sorbate
Potassium sorbate's overall market price continued to decline in Jun
Overview of the current market situation
China's epidemic situation has almost completely won. The potassium sorbate raw material factory crotonaldehyde has started normally, the raw material supply is stable, the transportation capacity is normal, the price is stable, and there is no obvious price increase. The domestic potassium sorbate plants in Shandong Kunda, Ningbo Wanglong, Nantong Acetic Acid, Jinneng Technology, Rugao Jiangbei, Rugao Yangtze River all started construction, and the factory has no delivery pressure.
Factory Name | Plant Capacity | Device Operation Status |
WANGLONG | 30000Ton/Year | On Power≤70% |
KUNDA | 30000 Ton/Year | On Power≤80% |
JINNENG | 10000 Ton/Year | On Power≤70% |
NANTONG CUSUAN |
27000 Ton/Year |
On Power≤70% |
JiangBei | 11000 Ton/Year | On Power≤70% |
ChangJiang | 8000 Ton/Year | On Power≤70% |
Market situation
Although the epidemic situation in foreign countries has not improved, many countries are suffering from economic reasons and have begun to resume work one after another, and the demand for preservatives in the foreign market has delayed growth. The number of domestic factories that have not yet paid their orders has gradually decreased, and the margin of debt has been favorable for shipment. Domestic traders still have a large number of low-cost RMB orders, plus the country encourages exports, the tax rebate rate has increased, the exchange rate has continued to rise, continued to facilitate shipments, and strive for orders, prices continue to fall.
Market Forecast for the Next Issue
Influence Factor | Key Points Overview | Judge |
Factories Operating Rate, Inventory And Inventory Situation | The factory has basically resumed work and increased its production to full horsepower. The inventory backlog has eased to a certain extent, and outstanding orders are still backlogged. |
Good |
Market Demand | Despite the outbreak of the foreign epidemic involving food steel demand, foreign customers still need to replenish. | Good |
Market Mentality | China encourages exports, the exchange rate rises, tax rebates increase, and traders actively make profits | Neutr al |
Factory Opinion | In the short term, there is still a shortage of goods, and the price has no mentality of price reduction. | Good |
UpstreamRaw Materials | Raw material crotonaldehyde upstream contains alcohol, there is no room for price reduction of raw materials | Good |
Industry Events | The state encourages exports, the tax rebate rate increases, and the exchange rate rises. | Good |
Summary | Although the factory as a whole is in negative inventory and there is no room for price reduction in RMB, domestic distributors are actively making profits and it is difficult for prices to continue to rise. | Good |
ECHEMI Prediction
In summary, the unpaid orders of domestic factories are relatively alleviated. The factories sell at a profit. The vast majority of the market has poor economic benefits. Domestic dealers continue to sell at a profit and prices continue to fall. In early June, Ningbo Wanglong started the 10-day shutdown again to curb the continued decline in prices, stopped the supply of sorbic acid to the southern plant, and reduced the supply of potassium sorbate in the market. It is expected to begin supply in early June, although It can partially stabilize the market and continue to decline, the market is still likely to continue to decline.
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2026-06-27
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