SunSirs: The Sodium Bicarbonate Prices Were Upward Overall in December

Price trend

According to monitoring data from SunSirs, the overall price of sodium bicarbonate had increased this month, with an average market price of 2,366 RMB/ton at the beginning of the month and around 2,688 RMB/ton at the end of the month. The price has increased by 13.61%, a year-on-year decrease of 6.25%.

On December 28th, the sodium bicarbonate commodity index was 178.39 points, an increase of 0.01 points from the previous day, a decrease of 24.36% from the highest point in the cycle of 235.84 points (2021-11-10), and an increase of 102.10% 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 understanding of SunSirs, the price of sodium bicarbonate in Henan region was consolidating, with the mainstream market price ranging from 2,600 to 2900 RMB/ton; The price of sodium bicarbonate in Shandong region was consolidating, with the mainstream market price around 2,500-2800 RMB/ton.

Raw materials: According to monitoring data from SunSirs, the overall price of soda ash increased in December. The average market price of light soda ash at the beginning of the month was 2,620 RMB/ton, and the average market price at the end of the month was around 2,790 RMB/ton, with a price increase of 6.49%, an increase of 5.36% compared to the same period last year. According to the Commodity Analysis System of SunSirs, the overall price of soda ash had increased this month.

Market outlook

According to analysts from SunSirs, the price of sodium bicarbonate had recently stabilized, while the upstream raw material soda ash had recently fluctuated. Downstream pharmaceutical, textile, food, and other sectors of sodium bicarbonate had mainly purchased on demand recently. It is expected that the price of sodium bicarbonate will continue to consolidate in the future, with a specific focus on downstream market demand.

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