SunSirs: The Transaction Volume Was Light, and the Price of Sodium Metabisulfite Had Fallen

https://www.chemnet.com   Aug 01,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, the domestic price of sodium metabisulfite had been weak this month. The average price of industrial grade sodium metabisulfite at the beginning of the week was 2,166 RMB/ton, and the average price at the end of the month was 2,123 RMB/ton, a decrease of 2.00% during the month.

Analysis review

This month, the domestic market price range for industrial grade sodium metabisulfite was 1,950-2,100 RMB/ton, with most prices concentrated around 2,000 RMB/ton. The upstream soda ash price of sodium metabisulfite fell by 4.61% this month, and the downstream CPL price fell by 3.78%. The transaction volume of sodium metabisulfite market did not meet expectations, and the sales were mainly based on orders.

Market outlook

SunSirs’ analysts believe that the trading volume of sodium metabisulfite market is light, and the domestic market price may mainly fluctuate and weaken in the short term.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.

 Print  |    add to Favorites  |    Close