Price trend

According to the Commodity Market Analysis System of SunSirs, the price of domestic sodium metabisulfite continued to rise this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 2,450.00 RMB/ton, and the average price over the weekend was 2,500.00 RMB/ton, with a weekly increase of 2.04%.

Analysis review

In December, supported by the continuous increase in raw material prices, enterprises had once again raised the factory price of sodium metabisulfite, driving the domestic market price of sodium metabisulfite to continue to rise. This week, the domestic industrial grade sodium metabisulfite market price range was 2,400-2,800 RMB/ton, with most prices concentrated around 2,400-2,600 RMB/ton. The inventory of enterprises continued to be low, and the overall supply of sodium metabisulfite market was tight. Enterprises mainly fulfilled orders from old customers.

As of December 8th, domestic soda ash prices had continued to rise, rising by 6.11% within the month. Sulfur prices had remained stable and are expected to continue to rise, which will provide some support for the future market price of sodium metabisulfite.

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 remain strong in the short term.

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