Price trend

According to the commodity market analysis system of SunSirs, the price of sodium bicarbonate was weak this week, with an average market price of 2,617.8 RMB/ton at the beginning of the week and 2,591.8 RMB/ton on the weekend, a decrease of 0.99% and a year-on-year increase of 2.61%.

On January 11th, the sodium bicarbonate commodity index was 172.69, a decrease of 0.26 points from the previous day, a decrease of 26.78% from the highest point in the cycle of 235.84 points (2021-11-10), and an increase of 95.64% from the lowest point of 88.27 points on December 22, 2020. (Note: The cycle refers to the period from September 1, 2020 to present)

Analysis review

According to the commodity analysis system of SunSirs, the price of sodium bicarbonate was weak and downstream markets were purchasing on demand recently. As of January 12th, the price of sodium bicarbonate in China was strong, with a mainstream market quotation of around 2,200-2,900 RMB/ton. According to the Commodity Analysis System of SunSirs, the upstream soda ash prices for sodium bicarbonate had been weak this week. The average market price at the beginning of the week was 2,630 RMB/ton, while the average market price on the weekend was 2,540 RMB/ton, a price drop of 3.42%, and a decrease of 3.76% compared to the same period last year.

Market outlook

According to analysts from SunSirs, the price of sodium bicarbonate had been weak in recent times, and the upstream raw material of soda ash had been weak in recent times. The downstream demand for sodium bicarbonate in medicine, textiles, food, and other areas was average in recent times, and the supply-demand game is expected to be dominated by weak sodium bicarbonate prices in the later stage. It is necessary to specifically look at the downstream market demand.

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