SunSirs: The Price of Sodium Metabisulfite Was Lowered Aagain (October 31-November 4)
November 07 2022 13:40:42 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the price of domestic sodium metabisulfite continued to fall this week. The average price of industrial sodium metabisulfite at the beginning of the week was 2,533.33 RMB/ton, and the average price at the weekend was 2,466.67 RMB/ton, down 2.63% during the week.
Analysis review
The overall situation of sodium metabisulfite market this week was average. Influenced by the continuous weak cost, some enterprises lowered the factory price slightly again in November. The market price range of industrial grade sodium metabisulfite was 2,400-2,500 RMB/ton. The inventory of enterprises was about 30%. The increase of new orders was limited. And enterprises mainly completed orders from old customers.
In October, the price of domestic soda ash fell by 0.75%, the price of sulfur fell by 11.88%, and the cost of raw materials fell again, which would suppress the market price of sodium metabisulfite in the future.
Market outlook
According to the analysts of SunSirs, the cost fell again, and the downstream had a strong wait-and-see attitude. In the short term, the domestic sodium metabisulfite market price is under pressure.
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