SunSirs: The Market Transaction Was Weak, and the Price of Sodium Metabisulfite Had Fallen

https://www.chemnet.com   Nov 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 month was 1,953 RMB/ton, and the average price at the end of the month was 1,910 RMB/ton, a decrease of 2.22% during the month.

Analysis review

This month, the domestic industrial grade sodium metabisulfite market price range was 1,650-1,850 RMB/ton. The upstream soda ash price of sodium metabisulfite had fallen by 1.86%, sulfur had risen by 8.59%, and downstream CPL had fallen by 4.63%. The transactions in the sodium metabisulfite market were mainly based on orders, and industry insiders were mostly observing.

Market outlook

As of October 31, the trading volume of sodium metabisulfite market was light, and it is expected that the domestic market price will mainly fluctuate and weaken in the short term.

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