Price trend:

According to data monitored by SunSirs, the price of sodium bicarbonate showed a weak trend this month. The average market price at the beginning of the month was 1,202.5 RMB/ton, and the average market price at the end of the month was around 1,190 RMB/ton, a decrease of 1.04%, and a year-on-year decrease of 23.03%.

On December 30th, the SunSirs sodium bicarbonate index was 78.98 points, unchanged from the previous day, reaching a historical low within the cycle, a decrease of 66.51% compared to 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 the Commodity Analysis System of SunSirs, 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 were 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.

Raw materials: According to data monitored by SunSirs, the price of soda ash showed a weak trend in December. The average market price of light soda ash at the beginning of the month was 1,252 RMB/ton, and at the end of the month it was around 1,250 RMB/ton, a decrease of 0.16%, and a decrease of 18.19% compared to the same period last year.

Market Outlook

According to analysts at SunSirs, the price of sodium bicarbonate was weak recently. Upstream raw material soda ash prices were generally weak in December, but downstream industries such as pharmaceuticals, textiles, and food were purchasing sodium bicarbonate mainly on a needs basis, resulting in generally moderate demand. Given the supply and demand dynamics, it is expected that sodium bicarbonate prices will fluctuate in the near future, with the specific trend depending on downstream market demand.

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