Price trend:

According to SunSirs' commodity price analysis system, the average market price of sodium bicarbonate from the beginning to the end of the week was 1,190 RMB/ton, a decrease of 23.03% compared to the same period last year.

On December 24th, SunSirs' sodium bicarbonate index was 78.98 points, remaining unchanged from the previous day, reaching a historical low within the cycle, and a decrease of 66.51% from the highest point of 235.84 points on November 10, 2021. (Note: The cycle refers to the period from September 1, 2020 to the present.)

Market Analysis

According to SunSirs' commodity analysis system, the price of sodium bicarbonate was showing a weak trend, although shipments from manufacturers were still acceptable. In Henan province, the price of sodium bicarbonate was weak, with ex-factory prices ranging from 1,080-1,200 RMB/ton. In Shandong province, ex-factory prices are between 1,150-1,250 RMB/ton. Due to downstream buyers purchasing mainly on demand, the market is expected to remain stable in the near future.

Upstream: According to SunSirs' commodity analysis system, the price of soda ash remained stable last week. The average market price at the beginning of the week was 1,258 RMB/ton, and the average market price at the end of the week was 1,252 RMB/ton, a decrease of 18.6% compared to the same period last year. Downstream buyers were mostly purchasing on demand.

Market Outlook

According to analysts at SunSirs, the price of sodium bicarbonate was weak recently. The upstream raw material, soda ash, was trading sideways. Downstream industries such as pharmaceuticals, textiles, and food were temporarily purchasing sodium bicarbonate on an as-needed basis, with demand remaining relatively stable. Overall, it is expected that the price of sodium bicarbonate will fluctuate in the future, depending on downstream market demand.

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