March 2nd News
On March 2nd, driven by increased market demand and rising raw material costs, the quoted price for industrial-grade sodium metabisulfite (96.5% purity) in the Shanghai market reached 2,450 yuan per ton, marking an increase of 100 yuan per ton. Inventory levels are currently around 20%.
Chempricehub Analysis on Sodium Metabisulfite: Bull-Bear Score: 2
The article indicates that on March 2nd, the quoted price for industrial-grade sodium metabisulfite in the Shanghai market rose by 100 yuan per ton to 2,450 yuan per ton, primarily driven by increased market demand and rising raw material costs. With inventory levels at only around 20%, supply tightness is evident, reinforcing upward pressure on prices. The growth in demand reflects the recovery of downstream industries, while rising raw material costs further elevate production expenses, creating significant positive momentum. Spot prices are expected to remain strong in the short term, with the potential for further increases.