SunSirs: Sodium Metabisulfite Price Was Adjusted Weaker (April 10-14)
April 18 2023 10:06:08 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of Business Society, the price of domestic sodium metabisulfite was weaker this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 2,383.33 RMB/ton, and the average price at the weekend was 2,366.67 RMB/ton, with a decrease of 0.70% during the week.
Analysis review
The overall market situation of the domestic metabisulfite market this week was average. Pressed by the continuous decline in the cost of upstream raw materials, some manufacturers slightly lowered the ex factory price, driving the domestic market price of sodium metabisulfite to continue to be weaker. The market price range of industrial sodium metabisulfite this week was 2,300-2,500 RMB/ton. The inventory of the enterprise was about 30%. Enterprises mainly completed old customer orders, with limited increase in new orders.
As of April 14, the price of domestic soda ash fell 2.17% in the month, and the price of sulfur fell 11.88% in the month. The cost of upstream raw materials rose and then fell back. The continuous decline of cost will further suppress the future market price of sodium metabisulfite.
Market outlook
Analysts from SunSirs believe that under the pressure of the continuous decline of raw material costs, it is expected that the domestic market price of sodium metabisulfite will still have some downward space in the short term.
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