SunSirs: The Price of Sodium Metabisulfite Continued to Be Weak This Week (July 18-22)
July 25 2022 13:47:56 SunSirs (John)Price trend
According to the monitoring of SunSirs, the domestic price of sodium metabisulfite continued to decline this week. The average price of industrial-grade sodium metabisulfite at the beginning of the week was 3,066.67 RMB/ton, and the average price at the weekend was 3,033.33 RMB/ton, down 1.09% during the week.
Analysis review
This week, the overall performance of the domestic sodium metabisulfite market was average, and some companies slightly lowered their ex-factory prices to drive the overall domestic sodium metabisulfite market to continue to decline. The market price range of industrial grade sodium metabisulfite was 2,800-3,200 RMB/ton, and most prices were concentrated around 3,000 RMB/ton. The company's inventorywas about 30%, mainly to complete the orders of old customers, and the increase of new orders was limited.
As of July 22, the domestic price of soda ash fell by 1.71% in July, the domestic sulfur price fell sharply by 54.49% within the month, the cost of raw materials fell sharply. The main body of downstream trade had a strong wait-and-see attitude, and the overall domestic market price of sodium metabisulfite will continue to be under pressure.
Market outlook
Analysts from SunSirs believe that the price of raw materials continues to decline. Under the pressure of cost, it is expected that the domestic sodium metabisulfite market price will continue to be under pressure and weakly adjusted in the short term.
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- 2024-04-24 SunSirs: This Week, the Price of Sodium Metabisulfite Remained Stable and Continued to Move Forward (April 15-19)
- 2024-04-16 SunSirs: The Price of Sodium Metabisulfite Was Running to Be Weaker This Week (April 8-12)
- 2024-04-09 SunSirs: The Price of Sodium Metabisulfite Continuedto Be Weak
- 2024-04-03 SunSirs: The Price of Sodium Metabisulfite Remained Weak in March
- 2024-03-26 SunSirs: The Price of Sodium Metabisulfite Was Weaker This Week (March 18-22)
