Price trend chart of sodium pyrosulfite in China
| Melamine |
According to the Commodity Market Analysis System of Business Society, the price of domestic sodium metabisulfite significantly rebounded in August. The average price of industrial grade sodium metabisulfite on August 1st was 1866.67 yuan/ton, and on August 31st it was 2250.00 yuan/ton, with a significant increase of 20.54% during the month.
In August, upstream raw material prices continued to rise, supported by rising raw material costs. Domestic sodium metabisulfite manufacturers have successively raised the factory price of sodium metabisulfite, driving a significant rebound in the domestic market price of sodium metabisulfite. Raw material costs have rapidly increased, and the inventory of sodium metabisulfite is relatively low. After the price increase, downstream stocking willingness has become stronger, and supported by costs and demand, some companies’ quotations have increased to around 2600 yuan/ton at the end of the month.
| EDTA |
In August, the price of domestic soda ash increased significantly, with a 41.26% increase within the month. The price of sulfur increased significantly, with a 30.08% increase within the month. The significant increase in raw material costs will further support the domestic market price of sodium pyrosulfite in the future.
Future Market Forecast
Analysts from Business Society believe that under the dual support of cost and demand, there is still some room for upward movement in the domestic sodium metabisulfite market price in September.
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