Review of sodium bicarbonate market in 2022

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.

The price of sodium bicarbonate fell first and then rose in the first quarter.

The price of upstream soda ash declined due to inventory. According to the data, the inventory of soda ash in this period was about 1.7 million tons. In addition, during the Spring Festival, many downstream such as medicine, textiles, food and other goods had been prepared and purchased as needed. The price increase in mid-February was mainly due to the increase in the price of raw soda ash, which was mainly due to the increase in the number of soda ash maintenance manufacturers and the reduction in supply. The price of raw materials supported the increase in the price of sodium bicarbonate.

The price of sodium bicarbonate rose in the second quarter.

From April to the middle of May, the price remained to fluctuate in a narrow range, and from the end of May to the end of June, the price rose. This was mainly due to the increase of soda ash maintenance manufacturers and the reduction of supply. According to data, as of the end of June, the inventory of soda ash enterprises was 397,600 tons, a decrease of 44,000 tons, a decrease of 9.96% month on month. The downstream construction started well, and the demand for sodium bicarbonate increased.

In the third quarter, sodium bicarbonate dropped precipitously.

From June to early August, the price of sodium bicarbonate continued to decline. The average market price of sodium bicarbonate at the end of June was 2,783.33 yuan/ton, and the average market price of sodium bicarbonate at the beginning of August was 2,550 yuan/ton, down 8.83%. This was mainly due to the fact that there were few soda ash manufacturers to be overhauled, and the market as a whole maintained a high level of operation, and the price of sodium bicarbonate declined due to the drag of raw soda ash. The price of sodium bicarbonate rose in September, mainly in the 'golden September and silver October', the downstream demand was better than before, the downstream operating rate was improved, and the delivery of sodium bicarbonate was smoother than in the earlier period.

In the fourth quarter, sodium bicarbonate was consolidated.

At this stage, the price of soda ash fluctuated little. Under the game of upstream and downstream, the price of soda ash was mainly stable and with small fluctuations, and most enterprises implemented one order with one price negotiation. Downstream demand for sodium bicarbonate was mostly tepid and tepid, and the price of sodium bicarbonate mainly fluctuated in a narrow range.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com