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

This week, the overall trading volume of the domestic sodium metabisulfite market had been relatively stable, with slight fluctuations in raw material costs. The overall quoted prices of enterprises had remained stable. The price range of the domestic industrial grade sodium metabisulfite market this week was between 2,100 and 2,200 RMB/ton, with most prices concentrated around 2,100 RMB/ton. The inventory of the enterprise was about 30%, and the enterprise mainly completed orders from old customers.

This week, domestic soda ash prices slightly increased, rising 1.91% within the week. Sulfur prices remained weak, falling 2.45% within the week. Raw material costs fluctuated and continued to move forward. The slight increase in soda ash prices will provide some support for the bottom of sodium metabisulfite prices in the future.

Market outlook

Analysts from SunSirs believe that raw material costs had fluctuated slightly, and downstream demand was relatively stable. In the short term, the domestic market price of sodium metabisulfite will continue to fluctuate slightly at the current level.

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