March 24, 2024 — On March 24, the quotation for industrial-grade sodium metabisulfite (96.5% content) in the Hunan market was 3,200 yuan per ton, representing a price increase of 500 yuan per ton. The continuous rise in sodium metabisulfite prices is attributed to increasing raw material costs and growing demand. According to Chempricehub's analysis of sodium metabisulfite, the long-short score is 2. The article indicates that the spot price of sodium metabisulfite has surged by 500 yuan per ton to 3,200 yuan per ton, primarily driven by the dual factors of rising raw material costs and increased demand. This suggests tightening market supply and robust demand. The rise in raw material costs has pushed up production expenses, while demand growth has strengthened buying support, leading to sustained price increases. This constitutes a significant positive factor for the spot market, with prices expected to remain strong in the short term.