SunSirs: The Price of Sodium Metabisulfite Remained Steady This Week (August 22-26)
August 29 2022 10:11:55 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the domestic price of sodium metabisulfite remained stable as a whole this week. The average price of industrial-grade sodium metabisulfite at the beginning of the week was 2683.33 RMB/ton, and the average price at the weekend was 2683.33 RMB/ton.
Analysis review
This week, the domestic market price of sodium metabisulfite remained stable as a whole. The market price of industrial grade sodium metabisulfite was 2,600-2,800 RMB/ton, and most prices were concentrated around 2,600-2,750 RMB/ton. Enterprise inventory was about 30%, mainly to complete the orders of old customers.
The price of domestic soda ash was weak and stabilized this week, down 0.38% in the week. The price of sulfur rebounded slightly, up 0.57% in the week. On the whole, the upstream raw material cost of sodium metabisulfite is weak and stable, and the market price of sodium metabisulfite is expected to be weak and stable in the future.
Market outlook
The analyst of SunSirs believes that the overall cost of upstream raw materials is weak and stable, and the domestic market price of sodium metabisulfite will follow the overall cost and gradually stabilize.
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