SunSirs: This Week, the Price of Sodium Metabisulfite Remained Stable and Continued to Move Forward (April 15-19)
April 24 2024 15:23:24 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the overall price of domestic sodium metabisulfite was weak and stable this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 2,083.33 RMB/ton, and the average price over the weekend was 2,083.33 RMB/ton, showing a stable overall trend.
Analysis review
This week, the overall domestic market price of sodium metabisulfite remained stable and advanced. The market price range for industrial grade sodium metabisulfite was between 2,000-2,150 RMB/ton, with most prices concentrated around 2,000-2,100 RMB/ton. The overall supply and demand of sodium metabisulfite market was stable, with enterprises mainly completing orders from old customers.
This week, the overall price of domestic soda ash remained stable and advanced, with sulfur prices slightly rebounding, rising by 1.66% within the week. Upstream raw material prices stopped falling and stabilized, and cost stabilization provided strong bottom support for the future market price of sodium metabisulfite.
Market outlook
SunSirs’ analysts believe that the domestic market price of sodium metabisulfite will fluctuate upward slightly after stabilizing with the overall decline of raw material costs.
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