According to the monitoring of SunSirs, the price of domestic sodium metabisulfite was weak this week. The average price of industrial sodium metabisulfite at the beginning of the week was 2,366.67 RMB/ton, and the average price at the weekend was 2,350.00 RMB/ton, a small drop of 0.70%.
Analysis review
The overall performance of domestic sodium metabisulfite market was average this week. The price range of industrial grade sodium metabisulfite was 2,300-2,450 RMB/ton, and most prices were concentrated around 2,350 RMB/ton. The inventory of the enterprise was about 30%, and the enterprise mainly completed orders from old customers.
From the beginning of December to 16, the price of domestic soda ash rose 0.08%, and the price of sulfur rose 8.18%. After the price of raw materials stopped falling and stabilized, it recovered slightly, and the small recovery of raw material cost will form a certain support for the future market price of sodium metabisulfite.
Market outlook
Analysts from SunSirs believe that the upstream raw material cost has stopped falling and picked up slightly, and the domestic sodium metabisulfite market price will also follow the overall weakness of the cost and become stable.
