Price trend
According to the monitoring of SunSirs, after the May 1st holiday, the domestic sodium metabisulfite price moved slightly stronger. The average price of industrial grade sodium metabisulfite was 1,783.33 RMB/ton at the beginning of the week, and the average weekend price was 1,800.00 RMB/ton, with a slight increase of 0.93%.
Analysis review
This week, the overall market performance of sodium metabisulfite was acceptable. The market price range of industrial grade sodium metabisulfite was 1,700-1,950 RMB/ton, and most of the prices were around 1,800-1,850 RMB/ton. The production of the enterprise was stable, the inventory was maintained at about 30%, the enterprise mainly completed the orders of old customers, and the increase of new orders was limited. This week, some enterprises slightly increased the ex factory price of sodium metabisulfite supported by tight supply, driving the domestic market price of sodium metabisulfite slightly stronger.
After May Day, the domestic soda price rose again by 0.57%, the sulfur price remained stable as a whole, and the high raw material cost became stronger, which would further support the future market price of sodium metabisulfite.
Market outlook
Analysts of SunSirs believe that the cost of upstream raw materials is getting stronger again, and the supply in some areas is tight. It is expected that the domestic market price of sodium metabisulfite will continue to be stable and strong in the short term.
