Price trend

According to the Commodity Market Analysis System of SunSirs, the domestic price of sodium metabisulfite remained stable and advanced this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 2,166.67 RMB/ton, and the average price over the weekend was 2,166.67 RMB/ton, indicating an overall stable and advanced trend.

Analysis review

Supported by a slight rebound in domestic soda ash prices in late April, some enterprises had slightly increased the factory price of sodium metabisulfite in May, driving a slight rebound in the domestic market price of sodium metabisulfite. This week, the overall market price of sodium metabisulfite remained stable and advanced. The domestic industrial grade sodium metabisulfite market price range was 2,100-2,200 RMB/ton, with most prices concentrated around 2,100 RMB/ton. The inventory of the enterprise was about 30%, and the overall supply and demand of sodium metabisulfite market was stable, with the enterprise mainly completing orders from old customers.

As of May 10th, the domestic soda ash price had risen by 2.96% within the month, and the overall sulfur price had remained stable and moving forward. The overall trend of raw material costs continuing to rise will provide certain support for the domestic sodium metabisulfite market price in the future.

Market outlook

Analysts from SunSirs believe that the cost of raw materials continues to rise, and there is still some room for recovery in the domestic market price of sodium metabisulfite in the short term.

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