Price trend

According to the SunSirs commodity market analysis system, the average market price of sodium bicarbonate from the beginning of the week to the end of the week was 1,248 RMB/ton, down 27.61% from the same period last year.

On September 11th, the SunSirs sodium bicarbonate index was 82.83 points, unchanged from the previous day, hitting a new low for the cycle and down 64.88% from the peak of 235.84 points on November 10, 2021. (Note: The cycle refers to the period from September 1, 2020 to the present.)

Analysis review

According to the SunSirs commodity analysis system, sodium bicarbonate prices were consolidating, and companies were shipping reasonably well. Sodium bicarbonate prices were weak in Henan Province, with ex-factory prices at 1,270 RMB/ton and 1,200-1,300 RMB/ton in Shandong Province. As downstream buyers were primarily purchasing on demand, consolidation is expected in the latter part of the period.

Upstream: According to the SunSirs commodity analysis system, soda ash prices were consolidating last week. The average market price from the beginning of the week to the weekend was 1,186 RMB/ton, down 31.68% from the same period last year. Downstream buyers were primarily purchasing on demand.

Market outlook

SunSirs' analysts believe that sodium bicarbonate prices have been consolidating recently, with upstream raw material soda ash experiencing a period of consolidation. Downstream industries such as pharmaceuticals, textiles, and food were primarily purchasing on-demand, indicating reasonable demand. Overall, sodium bicarbonate prices are expected to fluctuate in the future, depending on downstream market demand.

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