According to the Commodity Market Analysis System of Business Society, the domestic price of sodium metabisulfite continued to be weak this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 2150.00 yuan/ton, and the average price over the weekend was 2100.00 yuan/ton, a decrease of 2.33% during the week.
In April, due to the continued weak prices of upstream raw materials, some enterprises have lowered the factory price of sodium metabisulfite again, driving the domestic market price of sodium metabisulfite to continue to be weak. This week, the domestic industrial grade sodium metabisulfite market price range is 2000-2150 yuan/ton. The inventory of the enterprise is about 30%, and the enterprise mainly completes orders from old customers. (The above prices refer to the quotations from mainstream domestic enterprises, and some enterprises that have not been reported are not within their scope. The prices are for reference only and are not related to the final pricing of the manufacturers. For details, please contact each manufacturer for consultation.).
As of April 7th, domestic soda ash prices have been operating weakly, with an overall decline of 1.03%. Sulfur prices have slightly rebounded, with an overall increase of 2.80%. Overall, raw material costs are still at a low level, and the decline in soda ash prices has slowed down. Raw material costs are fluctuating forward, and the weak trend of sodium metabisulfite prices in the future is expected to stabilize.
Future Market Forecast
Analysts from Business Society believe that raw material costs are fluctuating at a low level, and downstream purchases and sales are cautious overall. In the short term, the domestic market price of sodium metabisulfite is under pressure to recover.
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