April 10th — On April 10th, 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 3,800 RMB/ton, marking an increase of 400 RMB/ton. Inventory levels are approximately 10%. Chempricehub analysis of sodium metabisulfite, with a bullish-bearish score of 2, indicates that spot prices have surged from 3,400 RMB/ton to 3,800 RMB/ton, a rise of 400 RMB/ton, due to heightened market demand and increased raw material costs. Inventory levels at around 10% reflect tight supply, reinforcing the upward price trend. This news is significantly positive for the spot market, as demand growth and cost-driven factors directly support prices, with expectations of continued strength in the short term.
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