According to the Commodity Market Analysis System of Business Society, the price of domestic sodium metabisulfite continued to decline weakly this week. The average price of industrial grade sodium metabisulfite on February 25th was 2333.33 yuan/ton, and on February 29th it was 2316.67 yuan/ton, a decrease of 0.71% for the week.
| Sodium Molybdate |
In late February, as raw material prices continued to fall under the low-pressure system, some enterprises lowered the factory price of sodium metabisulfite again, driving the domestic market price of sodium metabisulfite to continue to decline weakly. This week, the domestic industrial grade sodium metabisulfite market price range was 2200-2400 yuan/ton, and enterprise inventory continued to be around 30%. The overall supply and demand of the sodium metabisulfite market remained stable, with enterprises mainly completing orders from old customers. (The above prices refer to quotes from mainstream domestic enterprises, and some companies that have not been quoted are temporarily not within their scope. The prices are for reference only and are not related to the final pricing of the manufacturer. For more details, please contact each manufacturer for consultation.).
As of February 29th, domestic soda ash prices fell by 3.52% during the week, while sulfur prices fell by 0.65%. The continued weakness of raw material prices will further suppress the market price of sodium metabisulfite in the future.
Future Market Forecast
Business Society analysts believe that raw material costs continue to decline, and the domestic market price of sodium metabisulfite is weak and difficult to improve in the short term.
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