Price trend of domestic Sodium metabisulfite

According to the commodity market analysis system of the business community, the price of domestic Sodium metabisulfite rebounded from the bottom this week. The average price of industrial Sodium metabisulfite was 1866.67 yuan/ton at the beginning of the week, 1933.33 yuan/ton at the weekend, up 3.57% in the week.

Supported by the continuous rising cost of raw materials, in August, the manufacturer successively raised the ex factory price, driving the domestic industrial Sodium metabisulfite market price to the bottom of the traditional style at the beginning of the month. This week, the domestic industrial Sodium metabisulfite ranged from 1850 to 2300 yuan/ton, and most prices were concentrated around 1900 to 2000 yuan/ton. (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 July, the price of domestic soda ash rose by 5.1%, and the price of sulfur rose by 18.69%. The rising cost of raw materials strongly supported the bottoming of domestic Sodium metabisulfite. As of August 4, the price of soda ash continued to rise, rising by 2.23% in the month, and the price of sulfur was relatively strong, rising by 3.91% in the month. The continued rising cost of raw materials will further support the market price of Sodium metabisulfite in the future.

Future Market Forecast

Analysts from the business community believe that the domestic market price of Sodium metabisulfite still has some room to rise in the short term under the dual support of cost and demand.