According to the Commodity Market Analysis System of Business Society, the price of domestic sodium metabisulfite stabilized after a weak trend in April 2024, and then stopped falling and rebounded. The average price of industrial grade sodium metabisulfite on January 1st was 2150.00 yuan/ton, and on April 29th it was 2166.67 yuan/ton, with a monthly increase of 0.78%.

In early April, the domestic price of pure alkali sulfur continued to decline, and the raw material cost continued to decrease under the low-pressure system. As a result, enterprises once again lowered the factory price of sodium metabisulfite, driving the domestic market price of sodium metabisulfite to continue to be weak. In the middle of the month, the overall price of upstream raw materials stopped falling and stabilized, and the price of sodium metabisulfite also stabilized and moved forward. In the latter half of the year, supported by the rise in domestic soda ash prices, the domestic market price of sodium metabisulfite also stopped falling and rebounded.

As of April 29th, the domestic soda ash price rose by 4.64% within the month, and the domestic sulfur price rose by 11.8% within the month. The rebound in raw material costs will provide strong support for the domestic sodium metabisulfite market price in May.

Future Market Forecast

Analysts from Shengyishe Sodium Metabisulfite Product believe that upstream raw material prices have stopped falling and rebounded, raw material costs continue to rise, downstream trading entities have a stronger willingness to stock up, and supported by costs and demand, it is expected that the domestic sodium metabisulfite market price will still have some upward space in May.