SunSirs: Sodium Bicarbonate Prices Were Consolidating Last Week (September 15-19)

Price trend

According to the SunSirs commodity market analysis system, the average market price of sodium bicarbonate from the beginning of the week to the end of the week was 1,248 RMB/ton, down 24.82% from the same period last year.

On September 18th, the SunSirs sodium bicarbonate index was 82.83 points, unchanged from the previous day, hitting a new low for the cycle and down 64.88% 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 reasonably 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 purchases were primarily on-demand, consolidation is expected in the later period.

Upstream: According to the SunSirs commodity analysis system, soda ash prices were consolidating last week. The average market price at the beginning of the week was 1,184 RMB/ton, and the average price at the weekend was 1,188 RMB/ton, a 0.34% increase and a 30.36% decrease compared to the same period last year. Downstream purchases were primarily on-demand.

Market 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 are primarily purchasing on-demand, indicating reasonable demand. Overall, sodium bicarbonate prices are expected to fluctuate in the future, depending on downstream market demand.

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