February 5th News
On February 5th, the quotation for industrial-grade sodium metabisulfite (content 96.5%) in the Shanghai market was 2,300 yuan per ton, with a price increase of 50 yuan per ton. The inventory accounted for approximately 30%.
Chempricehub Analysis of Sodium Metabisulfite:
Bull-Bear Score: 1
The article indicates that on February 5th, the quotation for industrial-grade sodium metabisulfite in the Shanghai market was 2,300 yuan per ton, an increase of 50 yuan per ton compared to the previous period, representing a rise of approximately 2.22%. At the same time, the inventory accounted for around 30%, suggesting tight supply and increased demand. The low inventory level (typically normal inventory is above 50%) further supports the upward price trend, creating a favorable situation for the spot market. This reflects a short-term imbalance between supply and demand in the market, and it is expected that spot prices may continue to rise moderately, albeit with limited gains, representing a generally positive outlook.