On February 4, the quoted price for industrial-grade sodium metabisulfite (content 96.5%) in Hebei was 2,300 yuan per ton, an increase of 50 yuan per ton. The prices of raw materials such as sulfur and soda ash remained high and volatile, with cost pressures driving up the price of sodium metabisulfite.

PriceSeek Analysis: Sodium Metabisulfite
Bull-Bear Score: 1
The article indicates that the quoted price for industrial-grade sodium metabisulfite in Hebei increased by 50 yuan per ton to 2,300 yuan per ton, primarily driven by cost pressures resulting from the high and volatile prices of raw materials such as sulfur and soda ash. This suggests rising costs on the supply side, which may reflect stable or increasing demand, constituting a generally positive factor for spot prices. However, there is no futures data available for this commodity, limiting its impact to the spot market.

Sulfur
Bull-Bear Score: 0
As a raw material for sodium metabisulfite, sulfur prices remain high and volatile. However, the article does not mention specific price changes for sulfur, only emphasizing its role in cost support. This implies a relatively balanced supply and demand in the market, resulting in a neutral impact on sulfur spot prices. No futures data is available, and the analysis is based on the spot market.

Soda Ash
Bull-Bear Score: 1
Soda ash prices remain high and volatile. As a key raw material for sodium metabisulfite, they have driven up the latter's costs. Combined with recent futures data (e.g., the closing price of the Zhengzhou Commodity Exchange soda ash contract 2609 at 1,289 yuan per ton, with a change of +14.00), the overall upward trend in the futures market and positive changes in open interest indicate strong market expectations. This reinforces the cost support logic, constituting a generally positive factor for both spot and futures prices of soda ash.