January 4th News
On January 4th, the quoted price for industrial-grade sodium metabisulfite (with a content of 96.5%) in the Hunan market was 2,200 yuan per ton, marking an increase of 50 yuan per ton. The price of sodium metabisulfite continues to rise due to the increase in raw material costs and growing demand.
Chempricehub Analysis of Sodium Metabisulfite: Bull-Bear Score: +1.5
The article reports that the spot price of industrial-grade sodium metabisulfite in the Hunan market has increased by 50 yuan per ton to 2,200 yuan per ton, primarily driven by the dual factors of rising raw material costs and increased market demand. The rise in raw material costs (such as the price increase of upstream raw materials like sulfur) has increased production costs, while sustained strong demand has intensified the tight supply-demand situation in the market, indicating that prices may continue to rise in the short term. Considering the current performance of the spot market, this represents a strong positive signal, thus a score of +1.5 is given, reflecting the supportive effect on commodity prices.
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