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Sodium Bisulfite Prices Rise on the Loop in the US Market
Sodium Bisulfite Prices Rise on the Loop in the US Market

Sodium Bisulfite Prices Rise on the Loop in the US Market

  • 16-Feb-2023 6:15 PM
  • Journalist: Jai Sen

USA: Following the prolonged market volatility in the US, which included trade restrictions, congested international ports, and rapidly declining stocks in local inventories, several end-user industries, including the Food and Beverage (F&B) sectors, are finally witnessing a sigh in consumption and supply-demand patterns. The third week of February is expected to see a rise in Sodium Bisulfite price in the US domestic market, based on projections from ChemAnalyst data. Sodium Bisulfite is an antioxidant and widely used food additive to preserve freshness and color in vegetables and juices, particularly green vegetables, which increases its demand in its end-user industries, thus further supporting the increase in the price of the product.

Since January, downstream's centralized stock products have steadily ended in the US. Additionally, the domestic logistics had been shut down at the end of the year, and the price of Sodium Bisulfite had declined overall while being stable. The domestic market trade of goods ceased in the US domestic market during the Spring Festival in the major exporting country China, while the Sodium Bisulfite market price remained constant. After the resumption of the market from the Spring Festival, industries gradually resumed operations, the Sodium Bisulfite market trade gradually improved, and the product market price continued to grow steadily.

Businesses started up again one by one after the holidays, their collective operating efficiency was low, and their domestic Sodium Bisulfite stockpile had somewhat decreased. A portion of the increase in the domestic market price of Sodium Bisulfite is supported by the market's limited supply.

According to ChemAnalyst, the price of Sodium Bisulfite is predicted to rise in the domestic market as the supply did not recover significantly overall in the second week of February due to the ongoing low volatility of raw material costs. Since the stability of everything depends on a solid supply chain, it is imperative to stay prepared and adaptable in these unpredictably changing times.

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