Sodium Metabisulfite Prices Rise This Week in China (4.13-4.17)

April 17 news

China Sodium Metabisulfite Price Trend

According to the commodity market analysis system, the price of sodium metabisulfite in China increased this week. The average price of industrial-grade sodium metabisulfite at the beginning of the week was 3,916 CNY per ton, and by the end of the week, it was 3,950 CNY per ton, representing a price increase of 0.85%.

This week, the market price of industrial-grade sodium metabisulfite (96.5% content) in China has increased. The prices of upstream raw materials for sodium metabisulfite have continued to rise, and factors such as environmental control and maintenance-related production cuts on the supply side have led to an increase in the production cost of sodium metabisulfite. The market supply is tight, driving up prices. (The above prices refer to the quotes from major Chinese companies. Some companies that have not reported their prices are not included. The prices are for reference only and are not related to the final pricing by manufacturers. For more details, please contact the respective manufacturers.)

Future Market Forecast

The cost of sodium metabisulfite raw materials in China continues to rise, supporting prices. It is expected that the market prices in China may mainly show a strong fluctuation trend in the short term.

Technical Analysis

From the spot market analysis system, it can be seen that the future trend of sodium metabisulfite can be analyzed from two dimensions:

When the 10-day moving average is above the 20-day moving average, the probability of an increase is higher, indicating that the sodium metabisulfite trend in China is in an upward phase.

2. Current position: Considering the five-day and ten-day moving averages, both the 10-day and 20-day positions for sodium metabisulfite are currently at high levels, leaving limited room for further price increases.