Price trend of domestic sodium metabisulfite

According to the monitoring of the business community, the overall low price of domestic sodium metabisulfite in November was weak. The average price of industrial sodium metabisulfite on November 1 was 2533.33 yuan/ton, and the average price on November 29 was 2433.33 yuan/ton, with an overall drop of 3.95% in the month.

Affected by the continuous decline of upstream raw material cost, domestic sodium metabisulfite enterprises lowered the factory price slightly again in November, driving the overall low price of domestic sodium metabisulfite market to operate. In November, the domestic sulfur price picked up slightly. In addition, the overall inventory of the domestic sodium metabisulfite market was relatively low. Although the cost of raw materials was at a low level, the shipment of sodium metabisulfite manufacturers was relatively stable. The old customers just needed to clinch deals, and the overall increase of new orders was limited.

As of November 29, the price of soda ash fell by 0.45% in the month, and the price of sulfur rose significantly by 11.32%. Although the price of sulfur rose by a relatively high margin, there was still a large gap compared with the ultra-high level at the beginning of the year. The cost of upstream raw materials continued to fluctuate at the bottom, and downstream trading entities were cautious in purchasing and selling. The overall price of domestic sodium metabisulfite market in the future recovered and came under pressure.

Future market forecast

According to the analysts of the business community, the prices of some upstream raw materials rose slightly, the overall low price of raw materials fluctuated, the trading entities were cautious in purchasing and selling, the market was long and short, and the domestic sodium metabisulfite market price was in a dilemma in the short term. It was expected that the overall domestic sodium metabisulfite market price in December would fluctuate slightly near 2400.00 yuan/ton.