Price trend

According to the Commodity Market Analysis System 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 2,433.33 RMB/ton, and the average price over the weekend was 2,400.00 RMB/ton, a decrease of 1.37% during the week.

Analysis review

Due to the continued weakness in raw material prices, some enterprises had slightly lowered the factory price of sodium metabisulfite this week, driving the domestic market price of sodium metabisulfite to continue to decline. This week, the domestic industrial grade sodium metabisulfite market price range was between 2,200-2,450 RMB/ton. The inventory of the enterprise was about 30%, mainly to complete orders from old customers.

This week, domestic soda ash prices fell by 3.42%, while sulfur prices increased by 1.08%. Overall, upstream raw material prices continued to show a downward trend, and the continuous decline in raw material costs will further suppress the domestic market price of sodium metabisulfite in the future.

Market outlook

SunSirs’ analysts believe that raw material costs continued to decline, and in the short term, the overall price of sodium metabisulfite in the domestic market is weak and difficult to improve.

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