SunSirs: The Price of Sodium Metabisulfite Sas Operating to Be Weaker (March 11-15)
March 20 2024 11:16:59 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the price of domestic sodium metabisulfite remained weak this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 2,183.33 RMB/ton, and the average price over the weekend was 2,166.67 RMB/ton, a decrease of 0.76% during the week.
Analysis review
Affected by the continuous decline in upstream raw material prices, the domestic market price of sodium metabisulfite had continued to be weak and downward. This week, the price of soda ash had weakened and stabilized, and the decline in the price of sodium metabisulfite had slowed down. This week, the domestic industrial grade sodium metabisulfite market price range was 2,100 to 2,250 RMB/ton, with most prices concentrated around 2,100 to 2,200 RMB/ton. The inventory of the enterprise was about 30%, and the enterprise mainly completed orders from old customers.
This week, the domestic price of caustic soda had weakened and stabilized, while the price of sulfur had slightly rebounded. The overall decline in raw material costs will stabilize, which will provide certain support for the domestic market price of sodium metabisulfite in the future.
Market outlook
Analysts from SunSirs believe that the decline in raw material costs is stabilizing, and the overall price of sodium metabisulfite in the domestic market will become weak and stable.
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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)
