According to the monitoring of the Business News Agency, the overall price of domestic sodium metabisulfite in March was slightly stronger, with the average price of industrial grade sodium metabisulfite being 2400.00 yuan/ton on March 1 and 2416.67 yuan/ton on March 31, a slight increase of 0.69% during the month.

In early March, the overall increase in domestic soda ash prices remained stable, while sulfur prices continued to rise. Supported by the continued upward trend in raw material costs, manufacturers again slightly increased the ex-factory price of sodium metabisulfite, driving the domestic market price of sodium metabisulfite to operate slightly stronger at the beginning of the month. In mid March, the price of soda ash fell slightly, while the price of sulfur decreased slightly after stabilizing. The overall price of upstream raw materials rose and fell. The downstream procurement of sodium metabisulfite was more cautious, and the cost rose and fell slightly. The domestic market price of sodium metabisulfite remained stable and advanced.

In March, the domestic soda ash price was slightly weak, with a slight decrease of 0.72% in the month. The sulfur price rose first and then fell, and fluctuated and fell by 3.85% in the month. After the upward trend of upstream raw material prices stabilized, they fell slightly. The cost will form a certain pressure on the domestic sodium pyrosulfite market price in April.

Aftermarket Forecast

Analysts from the Business News Agency believe that the upstream raw material cost has risen and fallen, while the downstream trading entities have increased their wait-and-see attitude. It is expected that the domestic sodium metabisulfite market price in April will follow a small decline in raw material cost, and the overall price will fluctuate after a small decline.