Price trend

According to monitoring data from SunSirs, the price of sodium bicarbonate increased this month, with an average market price of 2,175 RMB/ton at the beginning of the month and around 2,275 RMB/ton at the end of the month. The price had increased by 4.6%, and a year-on-year decrease of 10.34%.

On September 26th, the sodium bicarbonate commodity index was 151.00 points, unchanged from the previous day, a decrease of 35.97% from the cycle's highest point of 235.84 points (2021-11-10), and an increase of 71.07% 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 September 27th, the mainstream market quotation price of sodium bicarbonate in Henan region was around 1,900-2,400 RMB/to. Raw materials: According to monitoring data from SunSirs, the overall price of soda ash increased in September. The average market price of light soda ash at the beginning of the month was 2,930 RMB/ton, and the average market price at the end of the month was around 3,090 RMB/ton, with a price increase of 5.46%, and an increase of 15.73% compared to the same period last year.

In terms of demand: The main reason for the increase in sodium bicarbonate was that on one hand, sodium bicarbonate manufacturers had a tight supply, and on the other hand, the upstream raw material of sodium bicarbonate, soda ash, had risen in the market. However, towards the end of the month, there was an increase in the supply of sodium bicarbonate, and downstream demand was average.

Market outlook

Analysts from SunSirs believe that the price of sodium bicarbonate recently consolidated and operated, with sufficient supply of sodium bicarbonate. The upstream raw material, soda ash, had temporarily stabilized the market, and downstream pharmaceutical, textile, food, and other aspects of sodium bicarbonate purchased mainly on-demand recently. Overall, it is expected that the price of sodium bicarbonate will be mainly consolidated in the future, depending on the downstream market demand.

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