Price trend

According to the Commodity Market Analysis System of SunSirs, the overall price of sodium metabisulfite in China increased significantly in September, and remained stable from mid to the end of the month. The average price of industrial grade sodium metabisulfite on September 1st was 2,283.33 RMB/ton, and on September 28th it was 2,683.33 RMB/ton, an increase of 17.52% during the month.

Analysis review

Starting from mid to late August, the price of domestic soda ash rebounded significantly, with an overall monthly increase of 41.26% in August; sulfur prices significantly increased by 30.08% in August. Upstream raw material prices significantly increased, and the overall inventory of domestic sodium metabisulfite was low. After the increase in raw material costs, downstream restocking was more active. Supported by both cost and demand, domestic sodium metabisulfite enterprises successively increased their factory prices in late August, driving a significant rebound in the domestic market price of sodium metabisulfite.

In early September, the domestic prices of soda ash and sulfur continued to rise, and the upstream raw material prices continued to be stronger, providing further support for the domestic market price of sodium metabisulfite. The domestic market price of sodium metabisulfite continued to rise significantly, and in early September, the domestic market price of sodium metabisulfite increased significantly by 16.06%.

Starting from mid September, domestic sulfur prices fell back after rising, while soda ash prices continued to rise. As of September 28th, domestic soda ash prices rose by 5.46% within the month, while domestic sulfur prices fell by 9.76%. The upstream raw material prices were fluctuating and stabilizing overall, and the overall market price of sodium metabisulfite remained relatively high and moved forward stably.

Market outlook

Analysts from SunSirs believe that raw material costs fluctuated and stabilized, and downstream trading entities increased their wait-and-see attitude. The long short game posed a dilemma for the overall market price of sodium metabisulfite in the future. It is expected that the domestic market price of sodium metabisulfite will continue to consolidate at the current level in October.

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