SunSirs: This Week, the Price of Sodium Metabisulfite Was Stable and Forward (January 22-26)
January 29 2024 15:29:06 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the domestic price of sodium metabisulfite remained stable and advanced this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 2,400.00 RMB/ton, and the average price over the weekend was 2,400.00 RMB/ton, indicating an overall stable and advanced trend.
Analysis review
As the end of the year approaching, the overall trading volume of the domestic sodium metabisulfite market had turned weak. This week, the price of the domestic sodium metabisulfite market had remained stable and moving forward. The price range of the domestic industrial grade sodium metabisulfite market this week was 2,400-2,450 RMB/ton. The company's inventory was about 30%, mainly completing orders from old customers.
This week, domestic soda ash prices slightly declined, falling by 2.46% within the week, while sulfur prices rebounded slightly, rising by 1.83% within the week. Raw material prices fluctuated, and the overall fluctuation of domestic sodium metabisulfite market prices was limited.
Market outlook
Analysts from SunSirs believe that raw material costs fluctuated, and market trading had turned weak at the end of the year. In the short term, the domestic market price of sodium metabisulfite will continue to consolidate.
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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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