September 4th, according to the news,
China Sodium Metabisulfite Price Trend
According to the commodity market analysis system, the price of sodium metabisulfite in China fell this week. The average price of industrial-grade sodium metabisulfite at the beginning of the week was 3,996 CNY per ton, and by the end of the week, it was 3,970 CNY per ton, a decrease of 0.67%.
This week, the market price of industrial-grade sodium metabisulfite (96.5% content) in China has decreased. The prices of upstream raw materials have recently diverged, with some raw material prices dropping, leading to a weakening of the cost support for sodium metabisulfite, which has put some pressure on the prices. (The above prices refer to the quotations 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 the manufacturers. For more details, please contact the respective manufacturers.)
Supply-side factories are operating at normal rates, and the market supply is relatively sufficient. The tight supply situation caused by previous environmental protection production limits has eased somewhat, resulting in no significant pressure on the overall supply side. Downstream demand mainly consists of rigid demand procurement, with a focus on purchasing as needed, lacking large-scale centralized stockpiling demands. Thus, the overall demand side has limited influence on price movements.
Future Market Prediction
Sodium metabisulfite downstream in China is mainly driven by rigid demand, and it is expected that the market prices in China may follow a weak and fluctuating trend in the short term.
