SunSirs: The Overall Price of Sodium Metabisulfite Remained Stable This Week (March 20-24)
March 28 2023 13:49:04 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the domestic sodium metabisulfite price remained stable and advanced overall this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 2,416.67 RMB/ton, and the average weekend price was 2,416.67 RMB/ton, which remained stable overall.
Analysis review
In late March, the overall price of upstream raw materials fluctuated and moved forward. Supported by the stabilization of raw material costs, the domestic sodium metabisulfite market price overall remained stable and advanced this week, with industrial grade sodium metabisulfite overall in the range of 2,400-2,500 RMB/ton. Enterprises mainly completed orders from old customers.
As of March 24th, the domestic soda ash price fell slightly after a rise during the month, with an overall decrease of 0.36%.The overall sulfur price fluctuated at a relatively low level, rising by 3.85% during the month. The overall cost of upstream raw materials has fell back slightly after a rise, and the stabilizing cost trend will form a certain pressure on the upward space of sodium metabisulfite market prices in the future.
Market outlook
Analysts from SunSirs believe that the raw material costs fluctuated and stabilized, and the overall domestic sodium metabisulfite market price will remain stable and advanced 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)
