According to the Commodity Market Analysis System of Business Society, the domestic sodium metabisulfite price continued to decline in April, with an average price of 2416.67 yuan/ton for industrial grade sodium metabisulfite on April 1st and 2350.00 yuan/ton on April 28th, a decrease of 2.76% during the month.
| Sodium Molybdate |
In April, affected by the sharp drop in the price of upstream raw materials, the enterprise slightly lowered the ex factory price of sodium metabisulfite, driving the price of domestic sodium metabisulfite market to fall slightly. With the continuous decline in the price of upstream raw materials, the overall purchase and sales of sodium metabisulfite downstream are cautious, and the cost and demand are suppressed, the manufacturers have reduced the ex factory price one after another. The domestic market price of sodium metabisulfite continues to be weak for months.
In April, the price of domestic soda ash dropped by 3.99%, the price of domestic sulfur dropped by 23.50%, and the cost of raw materials dropped significantly, which will further suppress the price of domestic sodium metabisulfite market in the future.
Future Market Forecast
Analysts from the business community believe that the cost of raw materials continues to decline, and downstream trade entities have a strong wait-and-see attitude. It is expected that the domestic sodium metabisulfite market price will continue to fall under pressure in May.
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