According to the Commodity Market Analysis System of SunSirs, the domestic price of sodium metabisulfite stabilized this week and then remained stable. The average price of industrial grade sodium metabisulfite at the beginning of the week was 2,500.00 RMB/ton, and the average price over the weekend was 2,500.00 RMB/ton, indicating overall stability.
Analysis review
Due to the stabilizing trend of raw material prices and the strong wait-and-see attitude of downstream trading entities, the overall quoted prices of domestic sodium metabisulfite enterprises had remained stable this week, with a market price range of 2,450-2,600 RMB/ton for industrial grade sodium metabisulfite. The product inventory was about 30%, and the company mainly completed orders from old customers.
This week, domestic soda ash prices slightly increased, rising 0.72% within the week, while sulfur prices slightly increased, rising 3.46% within the week. The upward trend of upstream product prices slowed down during the week, and the overall fluctuation of raw material costs stabilized. The market price of sodium metabisulfite in the future lacks further upward momentum.
Market outlook
Analysts from SunSirs believe that the rising trend of raw material costs was stabilizing, and downstream trading entities were adopting a more wait-and-see attitude. The domestic market price of sodium metabisulfite lacked sufficient momentum to continue rising, and it will remain stable in the short term.
