SunSirs: Sodium Bicarbonate Prices Are Fluctuating This Week (August 18-22)

Price trend

According to the SunSirs commodity market analysis system, the average market price of sodium bicarbonate was 1,249.4 RMB/ton at the beginning of the week and 1,249.2 RMB/ton at the weekend, a 0.02% decrease and a 34.7% drop compared to the same period last year.

On August 21st, the SunSirs sodium bicarbonate Index was 82.91 points, unchanged from the previous day, hitting a new low within the cycle and down 64.84% from its 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 are consolidating, and companies are shipping reasonably well. sodium bicarbonate prices are 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 are 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 are consolidating this week. The average market price from the beginning of the week to the weekend is 1,224 RMB/ton, down 32.75% from the same period last year. Downstream buyers are primarily purchasing on demand.

Market outlook

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

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