SunSirs: This Week, the Price of Sodium Metabisulfite Was Stable and Forward (May13-17)

https://www.chemnet.com   May 22,2024 SunSirs

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 overall stability.

Analysis review

Affected by the overall stabilization of upstream raw material prices, the domestic market price of sodium metabisulfite remained stable and advanced this week. The market price range for industrial grade sodium metabisulfite 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 overall supply of sodium metabisulfite in the market was tight. The enterprise mainly completed orders from old customers.

This week, the overall price of domestic soda ash remained stable, with sulfur prices falling by 6.76%. The overall increase in soda ash prices had stabilized, while sulfur prices had slightly decreased. Upstream raw material costs had shown a fluctuating downward trend, and cost fluctuations will exert certain pressure on the future market price of sodium metabisulfite.

Market outlook

Analysts from SunSirs believe that the domestic price of soda ash had stopped rising and stabilized, while sulfur prices had slightly decreased. Under the pressure of cost fluctuations, the domestic market price of sodium metabisulfite will continue to fluctuate slightly at the current level in the short term.

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