According to the Commodity Market Analysis System of SunSirs, the price of domestic sodium metabisulfite continued to rise this week. The average price of industrial grade sodium metabisulfite at the beginning of the week was 1,966.67 RMB/ton, and the average price at the weekend was 1,983.33 RMB/ton, with a weekly increase of 0.85%.
Analysis review
Supported by the continuous upward trend in raw material prices, some enterprises had slightly increased the factory price of sodium metabisulfite this week. The overall price range of domestic industrial grade sodium metabisulfite market was between 1,900 and 2,300 RMB/ton, with most prices concentrated around 1,950 to 2,100 RMB/ton. The cost of raw materials increased, the inventory of enterprises was low, and the overall supply of sodium metabisulfite market was tight. Enterprises mainly completed old customer orders.
As of August 25th, the price of soda ash had increased by 17.48% during the month, while the price of sulfur had increased by 25.39%. The cost of raw materials continued to rise, and the price of sodium metabisulfite will continue to rise in the future.
Market outlook
Analysts from SunSirs believe that under the dual support of cost and demand, the domestic market price of sodium metabisulfite will continue to rebound in the short term.
