According to the commodity market analysis system of SunSirs, the price of sodium metabisulfite in China this week moved forward steadily. The average price of industrial sodium metabisulfite at the beginning of the week was 1,866.67 RMB/ton, and the average price at the weekend was 1,866.67 RMB/ton, moving forward steadily on the whole.
Analysis review
In the middle of July, the upstream raw materials stopped falling and recovered slightly, the raw material cost was volatile and stable, and the market price of sodium metabisulfite was stable as a whole. This week, the domestic industrial sodium metabisulfite market price range was 1,800-2,300 RMB/ton, and most prices were concentrated around 1,800-1,950 RMB/ton. The inventory of the enterprise was about 30%, and the willingness to stock of downstream had increased after the cost recovery.
As of July 21, the price of soda ash had risen slightly by 1.02%, and the price of sulfur had risen significantly by 22.9%. The rebound of raw material cost will form a certain support for the future market price of sodium metabisulfite.
Market outlook
Analysts from SunSirs believe that raw materials stopped falling and recovered, the willingness of downstream to stock up had increased, and the domestic market price of sodium metabisulfite is expected to rise.
