SunSirs: The Price of Sodium Metabisulfite Was Running to Be Weaker This Week (April 8-12)

https://www.chemnet.com   Apr 16,2024 SunSirs

　　According to the Commodity Market Analysis System of SunSirs, the domestic price of sodium metabisulfite continued to be weak this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 2,100.00 RMB/ton, and the average price over the weekend was 2,083.33 RMB/ton, a decrease of 0.79% during the week.

　　Analysis review

　　Entering April, domestic soda ash prices have continued to be weak, and under the pressure of weak raw material costs, some manufacturers lowered the factory price of sodium metabisulfite again this week. The market price range for industrial grade sodium metabisulfite this week was 2,000-2,150 RMB/ton, with most prices concentrated around 2,000-2,100 RMB/ton. The inventory of the enterprise was about 30%, mainly to complete orders from old customers.

　　This week, domestic soda ash prices remained weak and stable, with a slight increase in sulfur prices. The price rose by 5.69%, and raw material costs stopped falling and stabilized. The slight rebound will provide some support for the future market price of sodium metabisulfite.

　　Market outlook

　　SunSirs’analysts believe that raw material costs were weak and stabilizing, and the domestic market price of sodium metabisulfite is expected to follow the cost to stabilize overall.

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