I. price trend of sodium pyrosulfite in China
According to the monitoring of the business association, in November, the domestic sodium pyrosulfite continued to operate at a weak bottom. The average price of industrial grade sodium pyrosulfite was 1816.67 yuan / ton on November 1, 1783.33 yuan / ton on November 29, down 1.84% in the month.
II. Market analysis
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Product: in November, the sodium pyrosulfite market continued its previous downturn. The price range of industrial grade sodium pyrosulfite market is 1700-1900 yuan / ton, most of which are concentrated around 1800 yuan / ton.
In November, the overall inventory of sodium metabisulfite industry was relatively sufficient, the production of enterprises was stable, and the price of raw materials continued to be weak, which led to the overall procurement of downstream trade subjects being cautious. Most enterprises focused on completing orders of old customers, with limited increase of new orders and cost suppression. In the month, some enterprises slightly reduced the price of transfer out factories, and in November, the price of sodium metabisulfite continued to be weak at the bottom.
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Industrial chain: in November, the upstream soda ash fell by 8.44% as a whole, the sulfur price dropped by 12.5%, the raw material cost continued to decline, and the processing cost was suppressed. In November, the market price of sodium pyrosulfite continued to maintain a weak operation at the bottom.
III. future forecast
Analysts of the business club believe that the cost of raw materials continues to decline, the downstream trade subjects are cautious in purchasing and selling, the market trading is light, and the price of sodium pyrosulfite is under pressure in December.
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