Price trend

According to the Commodity Market Analysis System of SunSirs, the price of sodium bicarbonate temporarily stabilized this week, with an average market price of 2,162.5 RMB/ton from the beginning of the week to the weekend, a decrease of 6.45% and a year-on-year decrease of 14.19%.

On April 6th, the sodium bicarbonate commodity index was 143.53 point, unchanged from the previous day, a decrease of 39.14% from the cycle's highest point of 235.84 points (2021-11-10), and an increase of 62.60% from the lowest point of 88.27 points on December 22, 2020. (Note: The cycle refers to the period from September 1st, 2020 to the present)

Analysis review

According to the Commodity Analysis System of SunSirs, the price of sodium bicarbonate was weak and consolidating, and the downstream market demand was general recently. On the 7th, the mainstream market price for sodium bicarbonate in Henan province was around 2,050-2,250 RMB/ton. According to the Commodity Analysis System of SunSirs, the price of soda ash was weak this weaker On the 7th, the current mainstream market price of light soda ash in East China was about 2,600-2,800 RMB/ton. The price of soda ash in North China temporarily stabilized, and the t market price of light soda ash was about 2,700-2,900 RMB/ton. Data showed that the weekly operating rate of soda ash was around 91%.

Market outlook

Analysts from SunSirs believe that the price of sodium bicarbonate has been weak recently, and there is sufficient supply of sodium bicarbonate. In terms of raw material soda ash, the price has been in consolidation. Downstream demand for sodium bicarbonate in pharmaceuticals, textiles, food, and other areas has been slow to follow up. For sodium bicarbonate, it is mainly purchased according to demand, with a cautious purchasing sentiment. Overall, it is expected that the weak price of sodium bicarbonate will be mainly weak and consolidated in the later stage, depending on the downstream market demand.

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