Price trend

According to the monitoring of SunSirs, the price of domestic sodium metabisulfite continued to be weak this week. The average price of industrial sodium metabisulfite at the beginning of the week was 2,433.33 RMB/ton, and the average price at the weekend was 2,366.67 RMB/ton, down 2.74% during the week.

Analysis review

In December, affected by the continuous low cost of raw materials and the continued weakness of downstream demand, some enterprises lowered the ex factory price of sodium metabisulfite again, driving the domestic market price of sodium metabisulfite to continue to decline. This week, the domestic market price range of industrial sodium metabisulfite was 2,300-2,500 RMB/ton, and most of the prices were concentrated around 2,350 RMB/ton. Enterprises mainly completed orders from old customers.

In November, the domestic soda ash price was weak, falling by 0.45% in the month. In November, the domestic sulfur price continued to rebound, rising by 11.32% in the month. The raw material cost fluctuated at a low level, and the market price of sodium metabisulfite will be under pressure to recover.

Market outlook

The analysts of SunSirs believe that the raw material cost fluctuates at a low level, and the downstream purchase and sales are cautious. In the short term, the domestic sodium metabisulfite market price will recover and bear pressure.

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