January 9th News
On January 9th, the quoted price for industrial-grade sodium metabisulfite (content 96.5%) in the Shanghai market was 2,300 yuan per ton, representing an increase of 50 yuan per ton, with inventory levels at approximately 30%. According to Chempricehub's analysis of sodium metabisulfite, the bullish-bearish score is 1. The article indicates that on January 9th, the quoted price for industrial-grade sodium metabisulfite in the Shanghai market rose from 2,250 yuan per ton to 2,300 yuan per ton, a 2.22% increase, while inventory levels remained at only around 30%. This suggests tight supply and strong demand. This development generally supports spot prices, as the price increase directly reflects an imbalance between market supply and demand, and low inventory levels may further bolster short-term upward price trends.