SunSirs: After the Holiday, the Price of Sodium Metabisulfite Slightly Decreased
October 18 2023 09:36:38 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the price of domestic sodium metabisulfite had slightly decreased after the National Day holiday. The average price of industrial grade sodium metabisulfite on October 6th was 2,683.33 RMB/ton, and on October 13th it was 2,583.33 RMB/ton, a decrease of 3.73% overall.
Analysis review
In October, the prices of upstream raw materials fell back after a rise. while costs remained low. Under the lower costs, some manufacturers slightly lowered the factory price of sodium metabisulfite after the holiday, driving a slight decline in the domestic market price of sodium metabisulfite. This week, the domestic industrial grade sodium metabisulfite market price range was 2,500 to 2,800 RMB/ton. The enterprises had relatively sufficient inventory, mainly to complete orders from old customers.
As of October 13th, domestic soda ash prices fell by 4.21% during the month, while sulfur prices fell by 8.2% during the month. Upstream raw material prices slightly declined, and lower raw material costs had formed a certain pressure on the domestic market price of sodium metabisulfite.
Market outlook
Analysts from SunSirs believe that the cost of raw materials had slightly decreased, and the market price of sodium metabisulfite was weaker under pressure this week overall. The price of soda ash was weak and difficult to improve, and the overall market price of sodium metabisulfite will continue to be under pressure.
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