Weak price adjustment of Sodium Metabisulfite last week (2.1-2.5)

Last week, the domestic price of Sodium Metabisulfite(Sodium Pyrosulfite) was adjusted weakly. The average price of industrial grade sodium pyrosulfite at the beginning of the last week was 1683.33 CNY / ton, and that at the end of the last week was 1633.33 CNY / ton, a slight drop of 2.97%

The overall market performance of sodium pyrosulfite was general. The market price range of industrial grade sodium pyrosulfite was 1450-1750 CNY / ton, and most of the prices were around 1600 CNY / ton. Near the Spring Festival holiday, the procurement of downstream trade entities basically ended, and the market transaction was relatively light. Affected by the continuous cost suppression and shipping pressure, some enterprises slightly reduced the ex factory price, while the domestic market price of sodium pyrosulfite was slightly weakened. (the above prices are quoted by domestic mainstream enterprises, and some enterprises not quoted are not within this scope. The prices are for reference only and have nothing to do with the final pricing of manufacturers.)

This week, the domestic soda ash price rose slightly by 0.74%, the sulfur price rose slightly by 2.8%, the raw material cost bottomed out and rebounded, and the processing cost of sodium pyrosulfite rose slightly, which will play a certain support for the future market price of sodium pyrosulfite. In other words, the price recovery of upstream products will form a certain support for the domestic market price of sodium pyrosulfite, and the domestic market price of sodium pyrosulfite is expected to rise slightly after the Spring Festival.