SunSirs: Sodium Pyrosulfite Continued to Operate Steadily at the Bottom in September

Price trend

According to data from SunSirs, the domestic sodium metabisulfite continued to move steadily at the bottom in September. The average price of industrial sodium metabisulfite at the beginning of the month was 1816.67 RMB/ton, and the average price at the end of the month was 1816.67 RMB/ton, with an increase or decrease of 0.

Analysis review

Product: In September, the domestic market for sodium metabisulfite remained tepid and the market turnover was still light. The market price of industrial sodium metabisulfite was between 1700 and 1950 RMB/ton, and most of the prices were around 1800 RMB/ton. In September, the domestic metabisulfite market as a whole was relatively loose, and the adjustment of raw material cost continued to be weak, which led to the purchase and sale of downstream trading entities continued to be cautious. As a whole, with the use of new orders, the increase of new orders was limited. Most manufacturers were based on orders from old customers, and the demand was not as expected. In September, the market price of sodium metabisulfite as a whole continued to be relatively stable at the bottom.

Industry chain: As of September 29, the price of upstream soda increased slightly by 0.77% in the month, and the price of sulphur dropped sharply by 16.35%. Overall, the cost of sodium metabisulfite processing still showed a slight downward trend. Under the pressure of cost, the overall price of sodium metabisulfite market rose feebly.

Market outlook

The analysts from SunSirs believe that raw material costs continue to oscillate downward, market demand is not up to expectations, trade entities are cautious in purchasing and selling, lack of favorable support, the overall recovery of sodium metabisulfite still takes time, and it is expected that domestic metabisulfite market prices will continue to fluctuate slightly at the bottom in October.

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