SunSirs: The price of Sodium Metabisulfite Continued to Rise This Week (September 4-8)
September 12 2023 13:58:28 SunSirs (John )
Price trend
According to the Commodity Market Analysis System of SunSirs, the price of domestic sodium metabisulfite continued to rise this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 2,550.00 RMB/ton, and the average price at the weekend was 2,650.00 RMB/ton, with a weekly increase of 3.92%.
Analysis review
In late August, the prices of upstream raw materials such as soda ash and sulfur significantly increased. Supported by a significant increase in raw material costs, in September, manufacturers once again raised the factory price of sodium metabisulfite, driving the domestic market price of sodium metabisulfite to continue to rise. This week, the domestic industrial grade sodium metabisulfite market price range was 2,700-2,800 RMB/ton. The inventory of enterprises continued to be low, and the overall supply of sodium metabisulfite market was tight. Enterprises mainly completed orders from old customers.
As of September 8th, the price of domestic soda ash continued to rise, rising by 2.39% during the month. The price of sulfur continued to rise, rising by 4.44% during the month. The continued increase in raw material costs 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, the domestic market price of sodium metabisulfite will continue to be stronger in the short term.
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- 2024-04-24 SunSirs: This Week, the Price of Sodium Metabisulfite Remained Stable and Continued to Move Forward (April 15-19)
- 2024-04-16 SunSirs: The Price of Sodium Metabisulfite Was Running to Be Weaker This Week (April 8-12)
- 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)
