SunSirs: The Price of Sodium Metabisulfite Remained Weak in February
March 01 2024 10:15:21 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the domestic price of sodium metabisulfite remained weak in February 2024. The average price of industrial grade sodium metabisulfite on February 1st was 2400.00 RMB/ton, and on February 28th it was 2316.67 RMB/ton, a decrease of 3.47% within the month.
Analysis review
Entering February, due to the basic end of downstream stocking before the year and the weakening of domestic sodium metabisulfite market trading before the holiday, the overall price of domestic sodium metabisulfite market remained stable and advanced before the holiday.
After the year, enterprises gradually resumed work, and upstream soda ash prices continued to decline weakly. Raw material costs fluctuated and decreased, and downstream trading entities increased their wait-and-see attitude. Manufacturers successively lowered the factory price of sodium metabisulfite, driving the domestic market price of sodium metabisulfite to continue to decline weakly.
As of February 28th, domestic soda ash prices have continued to decline weakly, falling by 7.17% within the month, while sulfur prices had slightly rebounded, rising by 8.57% within the month. The fluctuation of soda ash prices had a direct impact on domestic sodium metabisulfite prices, and the continued weakness of soda ash prices will further suppress the domestic market price of sodium metabisulfite in the future.
Market outlook
According to analysts from SunSirs, under the dual pressure of cost and demand, it is expected that there will still be some downward space in the domestic market price of sodium metabisulfite in March.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
- 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)
