Price trend

According to the Commodity Market Analysis System of SunSirs, the price of sodium bicarbonate had been consolidating this week, with an average market price of 2,509.8 RMB/ton at the beginning of the week and 2,508.9 RMB/ton at the end of the week. The price had decreased by 0.07%, and the price had dropped by 0.67% year-on-year.

On January 25th, the sodium bicarbonate commodity index was 166.49 points, a decrease of 0.04 points from the previous day, a decrease of 29.41% from the highest point in the cycle of 235.84 points (2021-11-10), and an increase of 88.61% 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 26th, the price of sodium bicarbonate in China was strong, with a mainstream market quotation of around 2,200-2,700 RMB/ton. According to the commodity analysis system of SunSirs, the price of soda ash had been running weakly this week. At the beginning of the week, the average market price was 2,440 RMB/ton, while on the weekend, the average market price was 2,380 RMB/ton, a decrease of 2.46%, and a decrease of 10.73% compared to the same period last year.

Market outlook

Analysts from SunSirs believe that the price of sodium bicarbonate had been weaker in recent times, with weak performance in the upstream raw material soda ash sector. Downstream pharmaceutical, textile, food and other sectors of sodium bicarbonate had been purchasing on demand in recent times, and there was a supply-demand game. Overall, it is expected that sodium bicarbonate prices will be weak in the future, depending on downstream market demand.

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