SunSirs: Sodium Metabisulfite Prices Rose in March

Price trend

According to the Commodity Market Analysis System of SunSirs, the price of domestic sodium metabisulfite has risen this month. The average price of industrial grade sodium metabisulfite at the beginning of the month was 1,850 RMB/ton, and the average price at the end of the month was 1,926 RMB/ton, with a weekly increase of 4.14%. 

Analysis review

This week, the price of industrial grade sodium metabisulfite in the domestic market has increased. The upstream price of sodium metabisulfite, soda ash, has fallen by 1.21% this month, sulfur prices have risen by 16%, and downstream caprolactam prices have fallen by 8.03%. Although the upstream and downstream prices have fallen, the sales of sodium metabisulfite in the market have accelerated, and the industry is mostly optimistic about the future market.

Market outlook

As of March 27, the transaction volume of sodium metabisulfite market was accelerating, and it is expected that the domestic market price will mainly fluctuate with a stronger trend in the short term.

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