According to the commodity market analysis system of SunSirs, the domestic sodium metabisulfite price continued to decline in a weak way this week. The average price of industrial sodium metabisulfite at the beginning of the week was 1,966.67 RMB/ton, and the average price at the weekend was 1,833.33 RMB/ton, down 4.24% in the week.
Analysis review
Pressed by the sharp loss of upstream raw material prices, the manufacturer again slightly lowered the ex factory price in July, driving the domestic sodium metabisulfite market price to further decline. This week, the domestic industrial sodium metabisulfite market price range was 1,800-2,300 RMB/ton, most prices were concentrated around 1,800-2,000 RMB/ton, and enterprises mainly completed orders from old customers.
As of July 7, the price of domestic soda ash had risen slightly, up 0.51% in the month, and the price of sulfur had risen slightly, up 2.34% in the month. Upstream raw materials stopped falling and recovered, and the cost recovery would support the market price of sodium metabisulfite in the future.
Market outlook
Analysts from SunSirs believe that the cost of raw materials had stopped falling and recovered, and the domestic market price of sodium metabisulfite is expected to stop falling and stabilize in the short term.
