SunSirs: This Week, the Price of Sodium Metabisulfite Slightly Decreased (January 1-5)
January 09 2024 09:33:11 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, the price of domestic sodium metabisulfite slightly declined this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 2,500.00 RMB/ton, and the average price over the weekend was 2,433.33 RMB/ton, a decrease of 2.67% during the week.
Analysis review
After the holiday, the prices of upstream raw materials such as soda ash and sulfur continued to decline weakly, and the cost of raw materials remained low. In January, manufacturers lowered the factory price of sodium metabisulfite, driving the domestic market price of sodium metabisulfite back down. This week, the domestic industrial grade sodium metabisulfite market price range was between 2,300-2,500 RMB/ton. The inventory of the enterprise was about 30%, and the enterprise mainly completed orders from old customers.
This week, domestic soda ash prices fell by 5.02%, sulfur prices fell by 5%, and the continued decline in raw material costs will bring certain pressure on the domestic market price of sodium metabisulfite in the future.
Market outlook
Analysts from SunSirs believe that as costs continued to decline, the overall price of sodium metabisulfite in the domestic market will be under pressure.
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