2021 domestic sodium metabisulfite market price rises and falls.

 Domestic Sodium Metabisulfite Price Trend

Throughout the year, domestic sodium metabisulfite prices surged higher and lower in 2021, with the average price of industrial-grade sodium metabisulfite at 1,683.33 CNY/ton on January 1 and 2,766.67 CNY/ton on December 31, a significant increase of 64.36% during the year.

Before the Spring Festival, the downstream trade body procurement basically ended, the market trading is relatively light, by the continued decline in cost suppression and shipping pressure, some enterprises again slightly lowered factory prices, domestic sodium metabisulfite market prices slightly weak adjustment, February 3 domestic sodium metabisulfite prices fell to a year low of 1,633.33 CNY / ton, down 3.54% over the same period in 2020.

After the Spring Festival, domestic sodium metabisulfite manufacturers resumed production one after another, and the manufacturers' operating rate gradually picked up, while the upstream soda ash and sulfur prices continued to rise, and manufacturers raised the factory price of sodium metabisulfite one after another, driving the domestic sodium metabisulfite market price to bottom out.

In April, the domestic soda ash prices stabilized, the cost trend stabilized, and the downstream trade body increased its wait-and-see attitude, the domestic sodium metabisulfite market price stabilized after the overall price stabilization is located near 1800 CNY / ton stabilization forward.

In May, domestic soda ash and sulfur prices rose again, coupled with the overall low inventory of downstream trade entities, the cost and demand for dual support, the domestic sodium metabisulfite market prices continue to move higher, in June, sodium metabisulfite market prices rose to 2000 CNY / ton, the cost of raw materials rose sharply, manufacturers continue to low inventory, the overall supply of sodium metabisulfite market tight, the third quarter of the domestic sodium metabisulfite market Prices rose sharply, coupled with the implementation of the dual-control policy at the end of September, manufacturers' inventories decreased sharply, some enterprises had no choice but to close the order, and a number of enterprises have adjusted the factory price to 3,500 CNY / ton near the end of September, the third quarter of the domestic market price of metabisulfite higher.

In October, the impact of the dual control policy remains, sodium metabisulphite inventory continues to be low, the market supply continues to be tight, the cost and demand support, the domestic sodium metabisulfite market prices continue to go up, some manufacturers offer up to 4100 CNY / ton near the end of the month with the soda ash and sulfur prices tend to stabilize, the overall price of domestic smbs market price stabilization, October 27, the average price of domestic sodium metabisulfite The average price of domestic sodium metabisulfite on Oct. 27 was RMB 3766.67 per ton, up 130.61% from the yearly low on Feb. 3.

In November, the domestic soda ash and sulfur prices fell sharply, the cost of raw materials fell sharply, the main downstream trade purchases cautiously, the cost fell and demand fell, sodium metabisulfite manufacturers have repeatedly lowered the factory price of sodium metabisulfite, the domestic sodium metabisulfite market prices fell sharply by 26.55% in November-December.

Since the beginning of 2021, domestic soda ash prices rose 101.49% in the year, sulfur prices rose 100% in the year, the annual increase in raw material costs are more than 100%, the cost will play a strong support for the market price of sodium metabisulfite in 2022.

Post-market forecast

Business analysts believe that, by the end of the year, the impact of high raw material costs back down, 2021 domestic sodium metabisulfite market prices as a whole, the domestic sodium metabisulfite market prices are still expected to have some room for decline in the short term, after the Spring Festival, the overall average price will fall back to 2000 CNY / ton near. Overall, the cost of raw materials is still huge, the cost is still at a high level compared with previous years, coupled with the current domestic sodium metabisulfite inventory is still low, the domestic sodium metabisulfite market prices overall fall back to limited space, 2022 domestic sodium metabisulfite market prices will continue to be influenced by the fluctuations in raw material prices.