Sodium Metabisulfite Price Trend and Forecast

Sodium Metabisulfite Regional Price Overview

Get the latest insights on price movement and trend analysis of Sodium Metabisulfite in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Sodium Metabisulfite Price Trend for the First Half of 2024

Asia

In the first half of 2024, the sodium metabisulfite market in Asia experienced fluctuating trends, influenced by varying demand across key sectors and changing production dynamics. The market saw a slow start as downstream demand from industries like food preservation and water treatment remained subdued, leading to excess inventories. However, by mid-year, a recovery in demand, particularly from the textile and paper industries, provided a slight boost in market sentiment.
 

Sodium Metabisulfite Price Chart

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China's production maintained slight stability while rising freight costs limited exports, particularly to Europe, further affecting the regional supply-demand balance. Overall, the sodium metabisulfite market exhibited a cautious recovery, with price trends reflecting moderate adjustments driven by domestic consumption and global trade challenges.

Europe

In the first half of 2024, the sodium metabisulfite market in Europe experienced a mix of fluctuating trends driven by both supply chain challenges and shifting economic conditions. The year began slowly, with demand subdued due to the New Year holidays and ample inventories covering most of the initial industrial needs. However, as the quarter progressed, demand from key sectors like textiles, food preservation, and water treatment began to normalize, stabilizing the market.

The ongoing global supply chain disruptions, exacerbated by the Red Sea crisis, led to increased freight rates and tighter shipping conditions, further complicating supply dynamics. Despite these challenges, the European market saw a modest uptick in demand toward the latter half of the period, supported by improved industrial activity and business confidence, signaling a cautious rebound.

North America

Just like the Asian and European markets, the sodium metabisulfite market in North America experienced a mixed pricing trend during the first half of 2024, influenced by both global geopolitical tensions and domestic market dynamics. The early part of the year saw subdued pricing due to limited international trade and economic uncertainties, mirroring trends seen in Europe.

However, by mid-year, prices began to stabilize and gradually increase, driven by stronger consumer demand in industrial, household, and water treatment sectors as they prepared for summer. Despite this upward momentum, demand from the textile and paper industries remained weak, and manufacturers faced rising costs due to elevated energy and labor expenses. Fluctuating freight rates and strategic adjustments to geopolitical risks further impacted market conditions, contributing to a cautiously optimistic outlook for sodium metabisulfite in North America.

Analyst Insight

According to Procurement Resource, the Sodium Metabisulfite prices are expected to continue fluctuating in the coming months. The supply and demand dynamics suggest a consolidated performance.
 

Sodium Metabisulfite Price Trend for the Second Half of 2023

Asia

Sodium metabisulfite prices observed a mixed price trajectory during the said period of H2’23. The market behaved differently in both quarters as the supply and demand dynamics evolved throughout the discussed span. The Chinese sodium metabisulfite market had a favorable start at the beginning of the third quarter in July. Along with the supportive response from the downstream industries, the depreciation of US Dollars against the Chinese Yuan automatically lifted the export gains for the region.

This gave an inclined start to the sodium metabisulfite price graph. Seeing this the suppliers started to procure more and more products, which started excessively filling up the inventories and started exerting a downward pressure on the sodium metabisulfite price trend since the demand didn’t grow after a point. Overall, mixed market sentiments were witnessed.

Europe

The prices for sodium metabisulfite fluctuated in the European region, too, throughout the period under discussion. Paper and bleaching industries generally struggled to sustain the consumer interest. However, the economic improvements in the third quarter were reflected in the sodium metabisulfite price trend as well. However, the fourth quarter was largely slumped. Some upward peaks were registered around mid-Q4, albeit the price trend remained downward for the majority of said period.

North America

Varying from its Asian counterparts, the American sodium metabisulfite market faced issues maintaining its customer base during the third quarter as the ongoing economic struggles in the region were hampering the purchasing power of its people. So, the price trend was found to be tepid throughout the first three months of H2. However, as the fourth quarter hit and the suppliers became cautious with upstream procurements, the gap between the supply and demand outlooks also started to dip. This, in turn, marginally stabilized the sodium metabisulfite market in the region.

Analyst Insight

According to Procurement Resource, the Sodium Metabisulfite price trends are likely to continue to fluctuate in the coming months as well. The prices are likely to vacillate as per the downstream demands majorly.
 

Sodium Metabisulfite Price Trend for the First Half of 2023

Asia

Sodium Metabisulfite is made of sodium hydroxide and sulfur dioxide and is primarily used as a bleaching agent in the textile and paper industry and in the pharma sector. Prices varied with the feedstock costs and downstream demands from the consuming sectors.

In the first half of the year 2023, the prices started slumping in the first quarter as the demands dipped majorly because of the Chinese Lunar New Year Holidays. Some market correction was observed as the quarters shifted, but soon, the trend shifted to an even steeper downward curve. Overall, the market sentiments remained muted; the long-term shutdown of industries because of the covid 19 pandemic let the products accumulate in inventories, which primarily led to this sharp decline in prices.

Europe

Following in the Asian footsteps, the market started slowing in the European region as well, attributed greatly to the economic slowdown caused by the Russia – Ukraine conflict. However, as the crude oil prices started normalizing in the middle of the first quarter, the supply and demand dynamics for Sodium Metabisulfite also improved a little. But the momentum again shifted with the onset of the second quarter, and with rising inventory levels, the prices decelerated further in the second quarter; overall, the prices kept oscillating at the lower end of the curve.

North America

The North American market replicated the European market trend for Sodium Metabisulfite during the said time period with a slow start in January’23; the prices inclined a little and had a stable run for the rest of Q1. However, Q2 witnessed a widened gap between supply and demand, which resulted in declined prices.

Analyst Insight

According to Procurement Resource, with the current Sodium Metabisulfite trade scenario, the market is expected to strive for stability in the upcoming times.

Procurement Resource provides latest prices of Sodium Metabisulfite. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.