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 2,450 RMB/ton at the beginning of the week and 2,392 RMB/ton on the weekend, a price drop of 2.37%, and a year-on-year decrease of 1.77%.

On March 7th, the sodium bicarbonate commodity index was 158.85 points, a decrease of 1.64 points from the previous day, a decrease of 32.65% from the highest point in the cycle of 235.84 points (2021-11-10), and an increase of 79.96% 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 in recent times. As of March 8th, the price of sodium bicarbonate in China was running weakly, with the mainstream market quotation of around 1,900-2,400 RMB/ton.

According to the Commodity Analysis System of SunSirs, the price of soda ash had been weak this week. The average market price at the beginning of the week was 2,190 RMB/ton, and the average market price over the weekend was 2,040 RMB/ton, a decrease of 6.85%, and a decrease of 26.62% compared to the same period last year.

Market outlook

Analysts from SunSirs believe that the price of sodium bicarbonate had been weak 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 recently made more purchases according to demand, replenishing inventory in an appropriate amount, without any positive support. It is expected that sodium bicarbonate prices will mainly fluctuate in the later stage, depending on downstream market demand.

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