SunSirs: Last week, the price of Sodium Bicarbonate was adjusted
May 30 2022 10:05:291、 Price trend
According to the monitoring data of the SunSirs, the price of Sodium Bicarbonate was consolidated last week. The average market price at the beginning of the week was 2733.33 RMB/ton, and the average market price at the weekend was 2740 RMB/ton, up 0.24%, up 73.05% year on year
2、 Market analysis
According to the SunSirs, the price of Sodium Bicarbonate has been adjusted and operated, and the downstream market has a general demand recently. At present, the price of Sodium Bicarbonate in Henan is about 2700-2900 RMB/ton.
Raw materials: according to the monitoring data of the SunSirs, the price of soda ash was strong last week. The mainstream market price of light soda ash in East China is about 2800-2950 RMB/ton. The price of soda ash in North China is temporarily stable, and the current market price of light soda ash is about 2850-3050 RMB/ton. Data show that the output of soda ash during the week was 597000 tons, an increase of 20800 tons, and the inventory of soda ash enterprises was 581300 tons.
Demand: downstream, the demand for Sodium Bicarbonate from medicine, textiles and food is acceptable. Raw materials, soda ash prices were strong last week. The average market price of light soda ash was 2790 RMB/ton at the beginning of the week and 2850 RMB/ton at the end of the week, up 2.15% and 62.86% over the same period last year. In the downstream, the demand for sodium bicarbonate from medicine, textile and food is fairly good in the near future. In general, the price of sodium bicarbonate may maintain a consolidation operation in the short term, depending on the downstream market demand.
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