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 1,925 RMB/ton from the beginning of the week to the weekend, and a year-on-year decrease of 30.67%.

On June 26th, the sodium bicarbonate commodity index was 127.77 points, unchanged from the previous day, a decrease of 45.82% from the cycle's highest point of 235.84 points (2021-11-10), and an increase of 44.75% 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 demand of downstream was general recently. The mainstream market price of sodium bicarbonate in Henan region was around 1,700-2,100 RMB/ton. According to the product analysis system of SunSirs, the upstream soda ash price of sodium bicarbonate was temporarily stable. The average market price of light soda ash from June 20th to June 27th was 1,960 RMB/ton, a decrease of 32.88% compared to the same period last year.

Market outlook

Analysts from SunSirs believe that the price of sodium bicarbonate maintained a consolidation, the supply of sodium bicarbonate was sufficient and the price of raw material soda ash was stable. The soda ash plants were relatively stable, and the overall trading atmosphere was acceptable. Downstream soda ash purchases were more on demand recently, and the supply and demand gamed. Overall, it is expected that the price of soda ash will mainly fluctuate, while the demand of downstream pharmaceutical, textile, food and other aspects of sodium bicarbonate will be average. For sodium bicarbonate, it is mainly purchased according to demand, with a cautious purchasing sentiment and a supply-demand game. Overall, it is expected that the price of sodium bicarbonate will mainly consolidated in the later stage, depending on the downstream market demand.

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