SunSirs: Under Cost Support, the Price of Sodium Metabisulfite Had Significantly Rebounded
September 06 2023 14:48:38 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, supported by the continuous increase in raw material costs, the price of sodium metabisulfite in China had recently rebounded significantly. On September 5th, the average price of industrial grade sodium metabisulfite was 2,550.00 RMB/ton, a significant increase of 28.57% within 10 days, and a significant increase of 36.61% from the low point of the year.
Analysis review
Starting from mid to late August, the price of domestic soda ash rebounded significantly, rising by 41.26% within the month, while the price of sulfur rose by 30.08% within the month. Upstream raw material prices also increased significantly. In addition, the overall inventory of domestic sodium metabisulfite enterprises was low, and downstream replenishment was more active after the raw material cost increased. Supported by both cost and demand, domestic sodium metabisulfite enterprises successively raised their factory prices in late August, Drive a significant rebound in the domestic market price of sodium metabisulfite.
Entering September, the domestic soda ash price continued to be stronger. As of September 5th, the soda ash price increased by 1.37%, while the sulfur price increased by 3.55%. The continued stronger operation of upstream raw material prices will further support the market price of sodium metabisulfite in the future.
Market outlook
Analysts from SunSirs believe that under the dual support of cost and demand, there is still some room for a rebound in the domestic market price of sodium metabisulfite in the short term.
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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
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