Price trend

According to the Commodity Market Analysis System of SunSirs, the price of sodium bicarbonate has stabilized this week, with an average market price of 2,162.5 RMB/ton from the beginning of the week to the weekend, a year-on-year decrease of 16.83%.

On October 19th, the sodium bicarbonate commodity index was 143.53 points, 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 had stabilized and purchased mainly on demand in the downstream market. The the mainstream market quotation. price of sodium bicarbonate in Henan region was around 1,900-2,100 RMB/ton. According to the product analysis system of SunSirs, the price of upstream soda ash was relatively weaker. At the beginning of the week, the average market price was 2,960 RMB/ton, while on the weekend, the average market price was 2,740 RMB/ton, a decrease of 7.43% and an increase of 3.01% compared to the same period last year.

Market outlook

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

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