The price of Sodium metabisulfite dropped sharply this week (6.5-6.9)

Price trend of domestic Sodium metabisulfite

According to the commodity market analysis system of the business community, the price of Sodium metabisulfite in China dropped sharply this week. The average price of industrial Sodium metabisulfite at the beginning of the week was 2250.00 yuan/ton, and the average price at the weekend was 2033.33 yuan/ton, down 9.63%.

Pressed by the continuous weakness of upstream raw material prices, in June, Sodium metabisulfite manufacturers significantly reduced the ex factory price, driving the market price of Sodium metabisulfite down sharply this week, falling to around 1900-2200 yuan/ton as a whole, with most prices concentrated around 1900-2000 yuan/ton. The market price dropped significantly, the wait-and-see attitude of downstream trade entities of Sodium metabisulfite increased, and the increase of new orders of enterprises was limited, mainly to complete orders from old customers. (The above prices refer to external quotations from mainstream domestic enterprises, and some enterprises that have not been quoted are temporarily excluded from their scope. The prices are for reference only and are not related to the manufacturer’s final pricing. For more information, please contact each manufacturer for consultation.).

In May, the price of domestic soda ash dropped sharply, falling by 20% in the month. In June, the price of soda ash continued to decline, falling by 6.25% as of June 9. The price of sulfur rose slightly in June, rising by 3.7% in the month. In general, the cost of upstream raw materials continued to decline, and the continued decline in cost will further suppress the price of Sodium metabisulfite market in the future.

Future Market Forecast

Analysts from the business community believe that the cost of raw materials has dropped significantly, and downstream purchases and sales have become more cautious. Under the pressure of many bad news, it is expected that the domestic Sodium metabisulfite market price will continue to operate under pressure in the short term.