SunSirs: The Price of Sodium Metabisulfite Kept Forward Steady (February 20-24)
February 28 2023 10:46:03 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the domestic sodium metabisulfite price remained stable this week. The average price of industrial sodium metabisulfite at the beginning of the week was 2,400.00 RMB/ton, and the average price at the end of the week was 2,400.00 RMB/ton.
Analysis review
The overall performance of the domestic sodium metabisulfite market this week was fair. The market price range of industrial grade sodium metabisulfite was 2,350-2,500 RMB/ton, with most prices concentrated around 2,350-2,450 RMB/ton. Enterprise inventory continued to be low, and enterprises mainly completed orders from old customers.
As of February 24, the domestic soda price rose by 2.44% in the month, and the domestic sulfur price fell by 4.27%. The upstream raw material price rose and fell with each other, and the cost fluctuated slightly. The domestic market price of sodium metabisulfite will continue to recover under pressure in the future.
Market outlook
Analysts from SunSirs believe that the cost of raw materials fluctuated slightly, and the domestic market price of sodium metabisulfite will follow the cost to fluctuate forward slightly at the current price level in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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- 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)
