SunSirs: On August 26, the Price of Sodium Bicarbonate Was Consolidating

Price trend

According to the SunSirs commodity market analysis system, the average market price of sodium bicarbonate on August 26th was 1,249 RMB/ton, down 33.24% from the same period last year.

On August 25th, the SunSirs sodium bicarbonate index was 82.90 points, down 0.01 points from the previous day, hitting a new historical low for the cycle and down 64.85% from the 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 were consolidating, and companies were shipping well. Sodium bicarbonate prices were 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 suppliers were primarily purchasing on demand, consolidation is expected in the late period.

Upstream: According to the SunSirs commodity analysis system, soda ash prices were consolidating last week. The average market price was 1,220 RMB/ton, down 32.6% from the same period last year. Downstream suppliers were primarily purchasing on demand.

Future outlook:

SunSirs’ analysts believe that sodium bicarbonate prices have been consolidating recently, with upstream raw material soda ash experiencing a period of consolidation. Downstream industries such as pharmaceuticals, textiles, and food were primarily purchasing on-demand, indicating reasonable demand. Overall, sodium bicarbonate prices are expected to 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.