Sodium Metabisulfite Price Trend and Forecast

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 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.

Sodium Metabisulfite Price Chart

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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.