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First, the domestic sodium metabisulfite price chart
According to the monitoring of the business agency, the domestic price of sodium metabisulfite in September has rebounded sharply across the board, and the average price of industrial grade sodium metabisulfite on September 3 was 1700 yuan / ton, a sharp increase of 22.89% over the low point in July.
Second, market analysis
In August, domestic soda ash and sulfur prices continued to rise, supported by raw material costs, some manufacturers slightly increased the market price of sodium metabisulfite, and the overall domestic market price of sodium metabisulfite ended the downward journey for nearly two consecutive years, and the overall bottom of sodium metabisulfite in August rose by 6.02%. Affected by the continuous decline in domestic soda ash inventories, the domestic soda ash price rose day by day, or even rose more than a day, the cost of raw materials rose sharply, and under the support of processing costs, domestic sodium metabisulfite enterprises have raised the factory price, driving the domestic sodium metabisulfite market price to rise sharply in September.
Since August, the price of sodium metabisulfite upstream products has risen across the board, and from August 1 to September 3, the domestic price of light soda ash has risen sharply by 25.64%, the price of sulfur has risen sharply by 24.61%, the cost of raw materials has risen sharply, and the price of sodium metabisulfite has risen sharply.
Third, the future market forecast
Business analysts believe that the prices of soda ash and sulfur continue to rise sharply, and under the support of raw material costs, it is expected that there is still some room for growth in the market price of sodium metabisulfite in the future.