Domestic sodium metabisulfite price trend chart
Sodium Molybdate |
According to the commodity market analysis system of Shengyishe, the price of domestic sodium metabisulfite stopped falling and slightly rebounded in November. The average price of industrial grade sodium metabisulfite on November 1st was 2450.00 yuan/ton, and on November 30th it was 2333.33 yuan/ton, a decrease of 4.76% within the month.
Entering November, the prices of upstream raw materials continued to decline, and under the pressure of weak raw material costs, the domestic industrial grade sodium metabisulfite market price continued to decline weakly in the first half of the year, falling overall to the range of 2100-2300 yuan/ton.
In the middle of the month, the overall price of upstream raw materials fluctuated and stabilized, and the domestic market price of sodium metabisulfite continued to stabilize and move forward. Starting from mid to late October, the price of soda ash has bottomed out and rebounded significantly, while the price of sulfur has continued to rise. The cost of raw materials has rebounded significantly, and the inventory of manufacturers has continued to decline. Under the downstream buying mentality, the willingness to stock up has increased significantly, and the cost of raw materials has continued to rise. Supported by the rebound in downstream demand, the price of sodium metabisulfite in the domestic market has continued to rise.
In November, domestic soda ash prices bottomed out and rebounded, rising by 3.25% within the month. Sulfur prices continued to rise, rising by 13.07% within the month. Upstream raw material prices continued to rise, and rising costs will further support the market price of sodium metabisulfite in the future.
Future Market Forecast
Analysts from Business Society believe that with the dual support of cost and demand, it is expected that there is still some room for a rebound in the domestic sodium metabisulfite market price in November.
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