Price trend of sodium bicarbonate in 2022

According to the monitoring data of the Business Agency, the price of sodium bicarbonate fluctuated in 2022. The average market price at the beginning of the year was 2,483.33 yuan/ton, and the average market price at the end of the year was 2,530 yuan/ton, with a price increase of 1.88%. The highest price was 2,783.33 yuan/ton in early July, and the lowest price was 2,416.67 yuan/ton in late January, with an amplitude of 15.17%.

From the K-bar chart of the month of sodium bicarbonate, it can be seen that the price of this year rose by 6 months, with the largest increase of 8.85% in September, and the price fell by 6 months, with the largest decrease of 8.28% in August.

Upstream soda ash

According to the data of Business News Agency, the average market price of soda ash at the beginning of 2022 was about 2,700 yuan/ton, and the average market price at the end of 2022 was about 2,648 yuan/ton, with a price drop of 1.93%. The price of soda ash fluctuated greatly in the first half of the year and it showed a fluctuating operation in the second half of the year.

From the price trend chart of sodium bicarbonate and soda ash in 2022, it can be seen that the price of sodium bicarbonate was greatly affected by soda ash, and the price fluctuation of soda ash had a deep impact on sodium bicarbonate.

Future Forecast 

Analysts from the Business News Agency believe that: from the perspective of raw materials, the price of upstream soda ash may increase first and then decrease due to the production capacity in the second half of 2023, and the price may be under pressure in the second half of the year.

From the perspective of supply, Yuanxing Energy will have a new capacity of 300,000 tons in 2023, and the output of sodium bicarbonate will increase in 2023. Data shows that the output of sodium bicarbonate was about 2.2 million tons in 2022, and the capacity will increase in 2023.

From the perspective of demand, with the opening of the epidemic and the economic recovery, the operating rate of the downstream of sodium bicarbonate will recover, and the demand for sodium bicarbonate may increase. Now because the Spring Festival is coming, the downstream market for sodium bicarbonate is approaching the end, and the price of sodium bicarbonate fluctuates little. After the year, the price of sodium bicarbonate will increase as the weather warms. However, in the second half of the year, with the increase of new capacity of soda ash, the downward pressure of soda ash will increase, and the price of sodium bicarbonate may fall back. It is estimated that the price of sodium bicarbonate will be high first and then low in 2023.

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