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SunSirs: The Price of Sodium Metabisulfite Was Stable in the Week (October 14-18)

October 21 2019 10:08:14     SunSirs (John)

Price trend

According to the survey data of SunSirs, the domestic price of sodium metabisulfite continued to move forward steadily last week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 1816.67 RMB/ton, and the average price at the end of the week was 1816.67 RMB/ton, up or down by 0.

 

Analysis review

Product: Last week, the overall market performance of sodium pyrosulfate market was average. The price range of industrial grade sodium metabisulfite market was 1700-1950 RMB/ton, and most of the prices were concentrated around 1800-1850 RMB/ton. At present, the domestic sodium metabisulfite market is relatively abundant in stock, and the downstream trade entities still have a strong wait-and-see attitude. Enterprises mainly complete orders from old customers, with limited new orders and fast in and out.

Industry chain: Last week, the upstream soda price slightly increased by 1.52%, and the sulfur price increased by 5.32%. The slight recovery of raw material cost will support the market price of sodium metabisulfite in the future.

 

Market outlook

Aanalysts from SunSirs believe that the raw material cost support is getting stronger and individual enterprises' quotation is increased, but most enterprises maintain the price unchanged. The market of sodium metabisulfite is still mainly affected by the demand support, and it will take some time for the market to really turn better.

 

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