I. Price Trend Chart of Sodium metabisulfite in China
According to the monitoring of business associations, the domestic price of sodium pyrosulfite continued to run weakly at the bottom this week. The average price of industrial grade sodium pyrosulfite at the beginning of the week was 1833.33 yuan/ton, while the average price at the end of the week was 1816.67 yuan/ton, down 0.91%.
II. Market Analysis
Product: This week, the market performance of sodium pyrosulfite is still low. The market price range of industrial sodium pyrosulfite is 1700-1900 yuan/ton. Most of the prices are concentrated around 1750-1850 yuan/ton. Processing costs continue to suppress, downstream trade entities have a strong wait-and-see attitude, and domestic sodium pyrosulfite market prices continue to operate slightly weaker at the bottom this week. Affected by high temperature and continuous shrinkage of processing profits, some manufacturers have entered the state of shutdown and maintenance. Enterprises mainly complete orders from old customers, and the market atmosphere is general. (The above prices refer to the foreign quotations of the mainstream domestic enterprises, some of which are not reported for the time being. The prices are for reference only. They have nothing to do with the final pricing of the manufacturers. For details, please contact the manufacturers for consultation.
Industry chain: Soda price in the upstream of this week is steadily moving forward, sulfur price fell 5.81%, processing costs continued to decline, trade entities procurement caution, cost suppression, pyrosulfite market price overall warming pressure.
3. Future Market Forecast
Business analysts believe that processing costs remain low, downstream demand remains weak, and the domestic pyrosulfite market price is expected to continue to maintain a weak bottom trend next week.