Price trend

According to monitoring data from SunSirs, the price of sodium bicarbonate increased this month, with an average market price of 1,912.5 RMB/ton at the beginning of the month and around 2,125 RMB/ton at the end of the month. The price had increased by 11.11%, and a year-on-year decrease of 11.46%.

On August 29th, the sodium bicarbonate commodity index was 137.72 points, an increase of 6.64 points from the previous day, a decrease of 41.60% from the cycle's highest point of 235.84 points (2021-11-10), and an increase of 56.02% 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 SunSirs, as of August 30, the price of sodium bicarbonate in Henan region was around 1,900-2,400 RMB/ton, which was the mainstream market quotation. Raw materials: According to monitoring data from SunSirs, the overall price of soda ash increased in August. The average market price of light soda ash at the beginning of the month was 2,060 RMB/ton, and the average market price at the end of the month was around 2,890 RMB/ton, with a price increase of 40.29%, and an increase of 11.15% compared to the same period last year.

In terms of demand: Downstream, pharmaceuticals, textiles, and food had a positive demand for sodium bicarbonate at the end of this month. The price of sodium bicarbonate was relatively stronger recently. On the one hand, the supply of sodium bicarbonate manufacturers was tight recently, and on the other hand, the upstream raw material of sodium bicarbonate, soda ash, was rising strongly recently. Finally, downstream pharmaceutical, textile, food and other aspects of sodium bicarbonate had good demand recently, and they were actively purchasing sodium bicarbonate, resulting in a better shipping sentiment than before.

Market outlook

Overall, it is expected that the price of sodium bicarbonate will mainly improve in the later stage, depending on downstream market demand.

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