Price trend

According to the monitoring of SunSirs, the domestic sodium metabisulfite price in January kept forward steadily, and the average price of industrial sodium metabisulfite on January 1 was 2,350.00 RMB/ton, and the average price on January 31 was 2,350.00 RMB/ton, which was generally stable within the month.

Analysis review

Since January, the centralized stock goods of downstream had gradually ended. In addition, the domestic logistics had been shut down at the end of the year, and the domestic market price of sodium metabisulfite had turned weak as a whole, and the domestic market price of sodium metabisulfite remained stable.

During the Spring Festival, the domestic market trade of sodium metabisulfite stopped and the market price of sodium metabisulfite remained stable. After the Spring Festival, enterprises hadresumed work one after another, the market trade of sodium metabisulfite had gradually recovered, and the market price of sodium metabisulfite continued to move forward steadily.

In January, the price of soda ash rose slightly by 1.74%, and the price of sulfur fell by 7.87%. The price of upstream raw materials rose and fell, and the cost continued to fluctuate at a low level. Later, the market of sodium pyrosulfite recovered as a whole under pressure.

Market outlook

Analysts from SunSirs believe that after the year, enterprises resumed work one after another, the overall operating rate of enterprises was low, and the domestic sodium metabisulfite inventory had fallen slightly. The tight market supply will play a certain role in supporting the domestic market price of sodium metabisulfite. Affected by the continuous low volatility of raw material costs, the overall recovery of the domestic market price of sodium metabisulfite in February is insufficient.

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