According to the Commodity Market Analysis System of Business Society, the domestic price of sodium metabisulfite remained weak in February 2024. The average price of industrial grade sodium metabisulfite on February 1st was 2400.00 yuan/ton, and on February 28th it was 2316.67 yuan/ton, a decrease of 3.47% within the month.

Entering February, due to the basic end of downstream stocking before the year and the weakening of domestic sodium metabisulfite market trading before the holiday, the overall price of domestic sodium metabisulfite market remained stable and advanced before the holiday.

After the year, enterprises gradually resumed work, and upstream soda ash prices continued to decline weakly. Raw material costs fluctuated and decreased, and downstream trading entities increased their wait-and-see attitude. Manufacturers successively lowered the factory price of sodium metabisulfite, driving the domestic market price of sodium metabisulfite to continue to decline weakly.

As of February 28th, domestic soda ash prices have continued to decline weakly, falling by 7.17% within the month, while sulfur prices have slightly rebounded, rising by 8.57% within the month. The fluctuation of soda ash prices has a direct impact on domestic sodium metabisulfite prices, and the continued weakness of soda ash prices will further suppress the domestic market price of sodium metabisulfite in the future.

Future Market Forecast

According to analysts from Business Society, under the dual pressure of cost and demand, it is expected that there will still be some downward space in the domestic market price of sodium metabisulfite in March.