SunSirs: The Price of Sodium Metabisulfite Was Rising This Week (March 17-21)

Price trend

According to the Commodity Market Analysis System of SunSirs, the price of domestic sodium metabisulfite has risen this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 1,886 RMB/ton, and the average price over the weekend was 1,916 RMB/ton, with a price increase of 1.595%.

Analysis review

This week, the domestic industrial grade sodium metabisulfite market prices have risen. The upstream soda ash prices of sodium metabisulfite have fallen by 1.85%, sulfur prices have fallen by 2.14%, and downstream caprolactam prices have fallen by 1.9%. The impact of cost reduction has not yet been apparent, and the low inventory and favorable transactions in the sodium metabisulfite market have supported the price increase.

Market outlook

At present, the transaction volume of sodium metabisulfite market is accelerating, and it is expected that the domestic market price will mainly fluctuate with a stronger trend in the short term.

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