On January 16, the price of industrial-grade sodium metabisulfite (96.5% content) in Hebei was quoted at 2,300 yuan per ton, an increase of 50 yuan per ton. The price of sodium metabisulfite remained high due to rising raw material costs and increased demand. PriceSeek analyzed sodium metabisulfite, with a bullish-bearish score of 1.5. The article indicates that the spot price of sodium metabisulfite rose by 50 yuan per ton to 2,300 yuan per ton, primarily driven by higher raw material costs and stronger demand, with prices remaining elevated. This suggests increased pressure on the supply side (higher raw material costs pushing up production expenses) and robust demand-side pull, leading to a tight market supply-demand balance, which supports spot prices. The score of +1.5 falls between moderate and significant positive factors, as both cost and demand factors are driving the market. However, the moderate price increase and high-level consolidation suggest that short-term upside potential may be limited.
Comments
0