According to the Commodity Market Analysis System of the Business Society, supported by the continuous increase in raw material costs, the price of sodium metabisulfite in China has recently rebounded significantly. On September 5th, the average price of industrial grade sodium metabisulfite was 2550.00 yuan/ton, a significant increase of 28.57% within 10 days, and a significant increase of 36.61% from the low point of the year.

Starting from mid to late August, the price of domestic soda ash rebounded significantly, rising by 41.26% within the month, while the price of sulfur rose by 30.08% within the month. Upstream raw material prices also increased significantly. In addition, the overall inventory of domestic sodium metabisulfite enterprises was low, and downstream replenishment was more active after the raw material cost increased. Supported by both cost and demand, domestic sodium metabisulfite enterprises successively raised their factory prices in late August, Drive a significant rebound in the domestic market price of sodium pyrosulfite.

Entering September, the domestic soda ash price continued to be relatively strong. As of September 5th, the soda ash price increased by 1.37%, while the sulfur price increased by 3.55%. The continued strong operation of upstream raw material prices will further support the 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 a rebound in the domestic market price of sodium metabisulfite in the short term.