Price trend

According to the Commodity Market Analysis System of SunSirs, the domestic sodium metabisulfite price continued to decline in April, with an average price of 2,416.67 RMB/ton for industrial grade sodium metabisulfite on April 1st and 2,350.00 RMB/ton on April 28th, a decrease of 2.76% during the month.

Analysis review

In April, affected by the sharp drop in the price of upstream raw materials, the enterprise slightly lowered the ex factory price of sodium metabisulfite, driving the price of domestic sodium metabisulfite market to fall slightly. As the price of upstream raw materials continued to decline, the overall purchase and sales of sodium metabisulfite downstream were cautious. Under the pressure of cost and demand, manufacturers had reduced their ex factory prices. The domestic market price of sodium metabisulfite continued to fall during the month.

In April, the price of domestic soda ash dropped by 3.99%, the price of domestic sulfur dropped by 23.50%, and the cost of raw materials dropped significantly, which will further suppress the price of domestic sodium metabisulfite market in the future.

Market outlook

Analysts from SunSirs believe that the cost of raw materials continued to decline, and downstream trade entities had a strong wait-and-see attitude. It is expected that the domestic sodium metabisulfite market price will continue to fall under pressure in May.

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