SunSirs: Last week, the price of Sodium Bicarbonate was adjusted
June 20 2022 09:41:321、 Price trend
According to the monitoring data of the SunSirs, the price of Sodium Bicarbonate was consolidated last week. From the beginning of last week to the end of last week, the average market price was 2766.67 RMB/ton, up 74.37% 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 2750-2950 RMB/ton.
Raw materials: according to the monitoring data of SunSirs, the mainstream market price of light soda ash in East China is about 2900-3100 RMB/ton. The price of soda ash in North China is temporarily stable, and the current market price of light soda ash is about 2900-3100 RMB/ton. Data show that the output of soda ash in the week was 592300 tons, a decrease of 11300 tons or 1.87%.
Demand: downstream, the demand for baking soda from medicine, textiles and food is acceptable. Raw material soda ash price consolidation operation this week. The average market price of light soda ash was 2920 RMB/ton at the beginning of the week and 2930 RMB/ton at the end of the week, with a price increase of 0.34% and a year-on-year increase of 58.72%. 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..
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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