Price trend chart of sodium pyrosulfite in China
| Sodium Molybdate |
According to the Commodity Market Analysis System of Business Society, the price of domestic sodium metabisulfite was weak and downward in October. The average price of industrial grade sodium metabisulfite on October 1st was 2683.33 yuan/ton, and on October 31st it was 2450.00 yuan/ton, a decrease of 8.70% during the month.
In October, the prices of domestic soda ash and sulfur have significantly decreased, and under the low cost system, manufacturers have successively lowered the factory price of sodium metabisulfite. The domestic market price of sodium metabisulfite continues to be weak and downward.
The raw material cost continues to be weak, downstream trading entities have increased their wait-and-see attitude, and market trading has become more light. Under the dual pressure of cost and demand, the domestic market price of sodium metabisulfite continues to be weak and downward during the month.
In October, the prices of domestic soda ash and sulfur decreased comprehensively, with soda ash prices falling by 18.77% and sulfur prices falling by 7.87%. The continued weakness of raw material costs will further suppress the market price of sodium metabisulfite in the future.
Future Market Forecast
Analysts from Business Society believe that raw material costs continue to decline, and downstream demand is cautious. It is expected that the domestic sodium metabisulfite market price will continue to operate under pressure in November.
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