BASF has increased prices for its Lupranate MDI and Lupranate TDI products in ASEAN and South Asia markets, citing rising raw material, transportation, and energy costs as key drivers. The price hike takes effect immediately or as existing contract terms permit, signaling sustained upward cost pressure in the isocyanates supply chain.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Sodium Metabisulfite | China | SPOT | USD 593.00/MT | August 2026 |
| China | SPOT | USD 588.00/MT | July 2026 |
Stay updated with the latest Sodium Metabisulfite prices, historical data, and tailored regional analysis
Asia
The market for Sodium Metabisulfite in Asia experienced significant fluctuations throughout the year, closely tracking movements in caustic soda, a primary feedstock in its production process. Early in the year, prices trended upward driven by stable supply chains and low inventory levels. Production maintenance at major manufacturing facilities further tightened feedstock availability, supporting price increases. However, as production resumed, prices began to stabilize before facing downward pressure. The middle months brought continued volatility with initial declines due to weak demand and oversupply situations. Prices subsequently reversed as suppliers tightened supplies and downstream industries revived buying activity. Market stabilization occurred in the latter half, though sentiment remained conservative with buyers preferring short-term purchases. Later in the year, prices displayed a steady upward trajectory as inventories gradually tightened in key producing regions. Maintenance activities reduced immediate availability, supporting stronger trading activity. Toward year-end, prices eased slightly as major downstream consumers faced narrower margins, though overall market conditions remained balanced.
Europe
European Sodium Metabisulfite markets demonstrated instability throughout the year. Prices rose initially as downstream industries resumed operations, benefiting from improved feedstock availability including caustic soda. However, as production limitations relaxed and inventories accumulated, a declining trend emerged. Subsequent months showed range-bound movements with gentle declines influenced by weak sentiment and oversupply conditions. Falling prices in exporting countries further supported the downward trend. The latter half witnessed consistent strengthening amid better-controlled production management and close tracking of imports. Later in the year, prices remained largely stable with slight fluctuations as supply availability stayed consistent. Trade framework uncertainties between the EU and US created occasional hesitation in deal conclusions, though market activity remained balanced.
North America
The North American Sodium Metabisulfite market recorded an initial price decrease due to surplus stocks and poor demand. As the year progressed, a rebound occurred from tightening supply driven by maintenance shutdowns and transportation issues affecting caustic soda availability. Production disruptions caused temporary upward price movements, though conservative downstream demand countered this effect. Mid-year brought oscillating trends before establishing a firmer trend supported by enhanced demand from paper, textiles, and chemicals sectors. Later months showed stability with localized weakness as uneven demand signals created mild downward pressure, with buyers delaying procurement anticipating more favourable conditions.
Analyst Insight
According to Procurement Resource, Sodium Metabisulfite prices are expected to remain relatively stable in the near term with moderate fluctuations based on feedstock cost movements and seasonal demand patterns.
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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.
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.
Sodium metabisulfite is a white crystalline powder with a slight sulfur-like odour. It is non-combustible but emits toxic fumes once decomposed. It is used in medications, as a bleaching agent, textiles and paper industry.
Na2S2O5
Bleaching agent, textile, paper industry, steroids, anasthetics, analgesics and other medications.
BASF, Esseco, INEOS Calabrian, Metabisulphite, Kailong Chemical Technolog, Huizhong Chemical Industry, Yinqiao Technology.
CurrencyUS$ (Data can also be provided in local currency)
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Sodium metabisulfite can be produced by reacting sodium hydroxide with sulfur dioxide in warm water to give yellow sodium sulfate precipitate, which dissolves on adding Sulphur dioxide and is later cooled to give the Sodium metabisulfite crystals.
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