Price trend

According to the Commodity Market Analysis System of SunSirs, the price of domestic sodium metabisulfite was relatively stronger this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 1,950.00 RMB/ton, and the average price at the weekend was 1,966.67 RMB/ton, with a weekly increase of 0.85%.

Analysis review

In mid August, upstream raw material prices continued to be stronger, supported by higher raw material costs, the domestic sodium metabisulfite market price slightly strengthened this week, with the domestic industrial grade sodium metabisulfite market price range of 1,900-2,300 RMB/ton, and most prices concentrated around 1,900-2,100 RMB/ton.

As of August 18th, the price of soda ash had increased by 3.88% within the month, while the price of sulfur had increased by 22.27%. The continued stronger operation of raw material costs will further support the market price of sodium metabisulfite in the future.

Market outlook

Analysts from SunSirs believe that under the dual support of cost and demand, the domestic market price of sodium metabisulfite will continue to be stable and stronger in the short term.

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