Throughout the whole year 2021, the price of industrial grade Sodium Metabisulfite in China, rose by 64.36% from January to December throughout the year.
From January to April in 2021, the China Soda Ash price rose steadily; the wait-and-see attitude of downstream trade subjects increased, and the domestic Sodium Metabisulphite/SMBS market price stabilized as a whole and kept moving forward. In May, Soda Ash and Sulfur prices rose again, coupled with the overall low inventory of downstream trade entities, double support of cost and demand, Sodium Metabisulfite market price continues to rise. Sodium Metabisulfite market price has surged in June, raw material costs rose sharply, factories constantly low inventory, Sodium Metabisulfite market overall supply is tight; in the domestic market SMBS prices sharply higher . Combined with the double control policy implementation at the end of September, manufacturers decrease inventory, some enterprises are helpless,have to stop to accept new orders ; In the third quarter ,Sodium Metabisulphite market prices was higher and higher.
In October, double control policy influence still, Sodium Metabisulfite inventories remained low, the market supply continued tight; with high cost and large demand, the SMBS market prices continue to rise. Affected by soda ash and sulphur prices , at the end of the this month ,sodium metabisulfite price trend stabilization, the Sodium Metabisulfite price was up 130.61% from Feb.to Oct.
In November, the prices of soda and sulfur in China fell sharply, raw material costs fell sharply, downstream trading entities were cautious in purchasing, costs fell and demand dropped, sodium metabisulfite 97% manufacturers have lowered the ex-factory price of sodium metabisulphite for many times, and the market price of Sodium metabisulfite in China dropped 26.55% from November to December.
Toption Chemical market analysts said that in 2021 China Sodium Metabisulphite market price overall rise and fall. Mainly because the cost of raw materials has risen dramatically, the cost is still at a higher level than in previous years. Before 2022 Spring Festival, the downstream traders basicly stopped to purchase SMBS, trading is relatively light, affected by cost suppression and delivery pressure continues to fall, producer prices for some enterprises to decline again, China Sodium Metabisulphite prices slightly weaker in adjustment, after the Spring Festival, China Sodium Metabisulphite manufacturer successively to resume production. At the same time, the prices of up stream soda ash and sulfur continued to rise, Toption Chemical and other manufacturers have raised the ex-factory price of Sodium Metabisulfite, driving the price of Sodium Metabisulfite to bottom out and rise.
In general, since the beginning of 2021, the Soda Ash price has increased by 101.49%, the Sulfur price has increased by 100%, and the annual increase of raw material cost has exceeded 100%. The cost will strongly support the market price of Sodium Metabisulphite in 2022. The market price of Sodium Metabisulfite in 2022 will continue to be mainly affected by the fluctuation of raw material prices, and will continue to rise in the first quarter under the double pull of Sulfur and Soda Ash prices.
Post time: Feb-10-2022