Domestic sodium metabisulfite price trend chart
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According to the Commodity Market Analysis System of Business Society, the domestic price of sodium metabisulfite continued to decline weakly in March 2024. The average price of industrial grade sodium metabisulfite on March 1st was 2316.67 yuan/ton, and on March 29th it was 2150.00 yuan/ton, a decrease of% within the month.
Due to the significant decline in upstream raw material prices, domestic sodium metabisulfite production enterprises significantly lowered their factory prices in March, driving a significant decline in the domestic sodium metabisulfite market price. As upstream raw material prices continue to decline, the domestic sodium metabisulfite market price continues to be suppressed and lowered to around 2150 yuan/ton.
In March, domestic soda ash prices continued to be weak, falling by 11.42% within the month, while sulfur prices slightly rebounded, rising by 4.22% within the month. Overall, the cost of raw materials for sodium metabisulfite is showing a downward trend, and the continuous decline in 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 be weak, and downstream trading entities are cautious in purchasing. It is expected that the domestic market price of sodium metabisulfite will continue to be under pressure in April, with a moderate to weak trend.
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