Price trend
According to the monitoring of SunSirs, the overall price of domestic sodium metabisulfite stabilized in August. The average price of industrial-grade sodium metabisulfite was 3,033.33 RMB/ton on August 1, and the average price on August 31 was 2,700.00 RMB/ton, down 10.99% within the month.
Analysis review
Affected by the sharp drop in raw material costs in July, the company lowered the ex-factory price of sodium metabisulfite in August, driving the domestic market price of sodium metabisulfite to drop sharply at the beginning of the month. At the beginning of the month, most of the domestic industrial grade sodium metabisulfite market prices were concentrated around 2,600-2,750 RMB/ton.
In late August, the overall price of upstream soda ash was weak and stabilized, the price of sulfur rebounded slightly, and the price of raw materials rebounded slightly. In addition, the overall low inventory of sodium metabisulfite manufacturers, some manufacturers slightly raised their ex-factory prices, driving the domestic market price of sodium metabisulfite to rebound slightly at the end of the month.
The domestic price of soda ash fell by 6.09% in August as a whole, and the overall weakness stabilized in late August. The price of sulfur rebounded from the bottom and rose by 25.54% within the month. The slight recovery of raw material costs will support the market price of sodium metabisulfite in the future.
Market outlook
Analysts from SunSirs believe that the cost of raw materials has rebounded slightly, the inventory of manufacturers continues to be low, and the overall supply of sodium metabisulfite market is tight. Under the support of short-term demand, it is expected that the domestic sodium metabisulfite market price will still have some room for recovery in September. On the whole, the price of upstream raw materials is still at a low level, and the overall market price of sodium metabisulfite has limited room for recovery.
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