Price trend

According to the Commodity Market Analysis System of SunSirs, the overall price of domestic sodium metabisulfite remained stable in May 2024. The average price of industrial grade sodium metabisulfite was 2,166.67 RMB/ton on May 1 and 2,166.67 RMB/ton on May 31, indicating overall stability.

Analysis review

Supported by a slight rebound in domestic soda ash prices in late April, some enterprises slightly increased the factory price of sodium metabisulfite in May, driving a slight rebound in the domestic market price of sodium metabisulfite at the beginning of the month. With the fluctuation and stabilization of raw material prices, the overall supply and demand of sodium metabisulfite market had remained stable, and the market price of sodium metabisulfite had remained stable throughout the month.

In May, there were overall fluctuations in the upstream raw material prices of sodium metabisulfite, with a slight increase in the price of soda ash, which rose 6.9% within the month. Sulfur prices fluctuated downward, falling 10.7% within the month. The overall raw material prices fluctuated forward, and a slight increase in the price of soda ash will provide some support for the future price of sodium metabisulfite.

Market outlook

Analysts from SunSirs believe that the price of soda ash was fluctuating upwards, and downstream demand for sodium metabisulfite was stable. With support from costs and demand, it is expected that there will still be some upward space for the domestic market price of sodium metabisulfite in June.

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