January 8th News: On January 8th, the quoted price for industrial-grade sodium metabisulfite (96.5% purity) in Hebei was 2,300 yuan per ton, marking an increase of 50 yuan per ton. Influenced by rising raw material costs and growing demand, sodium metabisulfite prices remain elevated and are undergoing consolidation. Chempricehub's analysis of sodium metabisulfite, with a bullish-bearish score: On November 8th, the quoted price for industrial-grade sodium metabisulfite in Hebei rose by 50 yuan per ton to 2,300 yuan per ton, primarily driven by the dual factors of increasing raw material costs and rising demand. The rise in raw material costs has pushed up production expenses, while the growth in demand reflects robust market consumption, leading to a consolidation of spot prices at high levels. This situation indicates mounting pressure on the supply side and strengthening support from the demand side, forming a generally positive influence on spot prices. It is expected that prices may maintain an upward trend or stabilize at high levels in the short term.
Comments
0