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SunSirs: The Price of Sodium Metabisulfite Kept Stable in Octoberber

November 01 2019 13:59:31     SunSirs (John)

Price trend

According to statistics from SunSirs, the average price of industrial grade sodium metabisulfite on October 1 was 1861.68 RMB/ton, and on October 31 was 1861.67 RMB/ton. In October, the domestic price of sodium metabisulfite remained stable.


Analysis review

After the national day, the overall demand of the domestic sodium metabisulfite market is still tepid. In October, the overall low price of the domestic sodium metabisulfite market moved forward steadily. The price range of the industrial grade sodium metabisulfite market is 1700-1950 RMB/ton, most of which are concentrated around 1800-1850 RMB/ton.

In October, the price of raw materials upstream of sodium metabisulfite rose slightly. Supported by the positive recovery of raw materials price, some enterprises raised their external quotation slightly after the festival. In general, at present, the domestic sodium metabisulfite market inventory is relatively sufficient, the downstream demand is less than expected, the mainstream transaction price has not been adjusted, the enterprise mainly completes the old order, and the new order increase is limited.

In October, the upstream soda price slightly increased by 2.11%, and the overall sulfur price increased by 19.54%. The continuous recovery of raw material cost will support the future market price of sodium metabisulfite.


Market outlook

According to analysts of SunSirs, the raw material cost of sodium metabisulfite continued to rise in October, with the support of cost, some enterprises raised their prices, but most enterprises kept their prices unchanged, and it is expected that the domestic market price of sodium metabisulfite will slightly touch the bottom in November due to the role of cost transmission.


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