Business data

 Baichuan Yingfu salt and chemical industry 2024(2nd)
Date: September 26
Location: Tianjin
Recently, Baichuan yingfu organized entrepreneurs to participate in the 2024 salt and chemical industry exchange, and our company was honored to be invited to discuss the development prospects of the salt and chemical industry.
China is very rich in salt resources, proven reserves of more than 1300 billion tons. It can be divided into sea salt, well salt and lake salt. As one of the raw materials of alkali industry, the price of raw salt is not high, and transportation distance is an important factor restricting the import quantity. In recent years, the development of imported salt presents regular fluctuations, which can be divided into the following stages:
From 2014 to 2015, the caustic soda and soda Projects expanded year by year, increasing production capacity, increasing demand for raw salt procurement year by year.
From 2016 to 2021, with the increase in main downstream capacity, the caustic soda and soda market is oversupplied, the related factories were not operating properly, reduced procurement costs.
In 2022-2023, The downstream demand for imported salt increased, with imports increasing by 87.4 percent to 9.43 million tons in 2022.
 Due to its proximity to China and its relatively low price, India's imports of industrial salt in the past five years accounted for an average of more than 55% of the import market share.
The quality of Australian sea salt is good and its supply is stable.
The amount of Mexico's salt imports has increased rapidly in recent years
The import and export of raw salt in our country basically presents a pattern of“Big import and small export”. As a supplement to the salt market of our country, imported salt plays an effective role in regulating the market. Imports are closely linked to domestic supply, and overall imports have been at a high level in recent years, falling in 2019-2021 due to the impact of the pandemic and returning to earlier levels after 2022.
According to the 14th five-year plan, the development of 2024 salt industry has been progressing steadily.