SunSirs: The Price of Sodium Metabisulfite Continuedto Be Weak
April 09 2024 10:34:42 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the domestic price of sodium metabisulfite continued to be weak this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 2,150.00 RMB/ton, and the average price over the weekend was 2,100.00 RMB/ton, a decrease of 2.33% during the week.
Analysis review
In April, due to the continued weak prices of upstream raw materials, some enterprises lowered the factory price of sodium metabisulfite again, driving the domestic market price of sodium metabisulfite to continue to be weak. This week, the domestic industrial grade sodium metabisulfite market price range was 2,000-2,150 RMB/ton. The inventory of the enterprise was about 30%, and the enterprise mainly completed orders from old customers.
As of April 7th, domestic soda ash prices had been operating weakly, with an overall decline of 1.03%. Sulfur prices had slightly rebounded, with an overall increase of 2.80%. Overall, raw material costs were still at a low level, and the decline in soda ash prices had slowed down. Raw material costs were fluctuating forward, and the weak trend of sodium metabisulfite prices in the future is expected to stabilize.
Market outlook
Analysts from SunSirs believe that raw material costs were fluctuating at a low level, and downstream purchases and sales were cautious overall. In the short term, the domestic market price of sodium metabisulfite is under pressure to recover.
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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)
- 2024-04-03 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)
- 2024-03-20 SunSirs: The Price of Sodium Metabisulfite Sas Operating to Be Weaker (March 11-15)
