According to the Commodity Market Analysis System of Business Society, the overall price of sodium metabisulfite in China increased significantly in September, and remained stable from mid to the end of the month. The average price of industrial grade sodium metabisulfite on September 1st was 2283.33 yuan/ton, and on September 28th it was 2683.33 yuan/ton, an increase of 17.52% during the month.

Starting from mid to late August, the price of domestic soda ash rebounded significantly, with an overall monthly increase of 41.26% in August and a significant increase of 30.08% in sulfur prices. Upstream raw material prices significantly increased, and the overall inventory of domestic sodium metabisulfite was low. After the increase in raw material costs, downstream restocking was more active. Supported by both cost and demand, domestic sodium metabisulfite enterprises successively increased their factory prices in late August, driving a significant rebound in the domestic market price of sodium metabisulfite.

In early September, the domestic prices of soda ash and sulfur continued to rise, and the upstream raw material prices continued to be strong, providing further support for the domestic market price of sodium metabisulfite. The domestic market price of sodium metabisulfite continued to rise significantly, and in early September, the domestic market price of sodium metabisulfite increased significantly by 16.06%.

Starting from mid September, domestic sulfur prices rose and fell, while soda ash prices continued to rise. As of September 28th, domestic soda ash prices rose by 5.46% within the month, while domestic sulfur prices fell by 9.76%. The overall fluctuation of upstream raw material prices is stabilizing, and the overall market price of sodium metabisulfite remains relatively high.

Future Market Forecast

Analysts from Business Society believe that the fluctuation of raw material costs is stabilizing, and downstream trading entities have increased their wait-and-see attitude. The long short game poses a dilemma for the overall market price of sodium metabisulfite in the future. It is expected that the domestic market price of sodium metabisulfite will continue to operate at the current level in October.