On January 29, the quotation for industrial-grade sodium metabisulfite (content 96.5%) in Hebei was 2,300 yuan/ton, with a price increase of 50 yuan/ton. The prices of raw materials such as sulfur and soda ash remained high and volatile, driving up the cost pressure and pushing the price of sodium metabisulfite higher.
PriceSeek analysis of sodium metabisulfite, Bull-Bear Score: 1.5
The article indicates that the quotation for industrial-grade sodium metabisulfite in Hebei increased by 50 yuan/ton to 2,300 yuan/ton, a rise of approximately 2.17%. This was mainly driven by cost pressures resulting from the high and volatile prices of raw materials such as sulfur and soda ash. This reinforces expectations of tight supply and demand in the spot market, supporting the upward price trend and benefiting the spot market conditions.
Sulfur, Bull-Bear Score: 0.5
As a key raw material for sodium metabisulfite, sulfur prices remain high and volatile. Although no direct mention of price increases or decreases is made, the ongoing cost pressure may support the spot price to remain stable or experience slight increases. However, the volatile pattern indicates high uncertainty, with a mildly positive impact on the spot price.
Soda Ash, Bull-Bear Score: 1.5
Soda ash prices remain high and volatile. As a core raw material in sodium metabisulfite production, its cost pressure is transmitted downstream, supporting the spot price. Combined with futures data, such as the 2609 contract rising by 15 yuan to 1,281 yuan/ton, a settlement price of 1,270 yuan, a trading volume of 42,376 lots, and an increase in open interest by 8,241 lots, it indicates strong market optimism, benefiting the upward trend in futures prices.
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