Price trend:

According to data from the SunSirs' commodity market analysis system, the average market price of sodium bicarbonate at the beginning of the week was 1,211.25 RMB/ton, and the average market price at the end of the week was 1,208.75 RMB/ton, a decrease of 0.21%, and a decrease of 21.92% compared to the same period last year.

On November 20th, the SunSirs' sodium bicarbonate index was 80.23 points, a decrease of 0.08 points from the previous day, hitting a new historical low within the cycle, and a decrease of 65.98% from the highest point of 235.84 points on November 10th, 2021. (Note: The cycle refers to September 1st, 2020 to present.)

Market Analysis

According to the SunSirs' commodity analysis system, sodium bicarbonate prices were trending weakly, with enterprises experiencing moderate sales. In Henan province, ex-factory prices were between 1,080-1,200 RMB/ton, while in Shandong province, prices were between 1,150-1,250 RMB/ton. Downstream buyers were mostly purchasing on an as-needed basis, and the market is expected to remain range-bound in the near future.

Upstream: According to the SunSirs' commodity analysis system, soda ash prices were consolidating last week. The average market price from the beginning to the end of the week was 1,224 RMB/ton, a decrease of 20.83% compared to the same period last year. Downstream buyers were mostly purchasing on an as-needed basis.

Market outlook

Analysts at SunSirs believe that sodium bicarbonate prices were weak recently, while upstream raw material soda ash was consolidating. Downstream sectors such as pharmaceuticals, textiles, and food were primarily purchasing on an as-needed basis, with demand remaining relatively strong. Overall, sodium bicarbonate prices are expected to fluctuate in the near future, depending on downstream market demand.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.