Price trend

According to the monitoring data of SunSirs, the price of sodium bicarbonate in this month was in an overall consolidation operation. The average market price at the beginning of the month was 2,527.5 RMB/ton, and the average market price at the end of the month was about 2,530 RMB/ton. The price rose 0.1%, and up 1.88% year on year.

On December 30, the sodium bicarbonate commodity index was 167.92, unchanged from the previous day, down 28.80% from the highest point of 235.84 points (2021-11-10) in the cycle, and up 90.23% from the lowest point of 88.27 points on December 22, 2020. (Note: Period refers to the period from September 1, 2020 to now)

Analysis review

According to SunSirs, the price of sodium bicarbonate in November was adjusted and consolidated as a whole, and the downstream market mainly purchased on demand recently. The price of sodium bicarbonate in Henan was about 2,500-2,700 RMB/ton. Raw material: The price of light soda ash in the mainstream market in East China was about 2,550-2,700 RMB/ton. The price of soda ash in North China was temporarily stable, and the market price of light soda ash was about 2,600-2,750 RMB/ton.

Demand: downstream medicine, textile and food demand for sodium bicarbonate was average this month. Raw soda ash: According to the monitoring data of SunSirs, the price of soda ash rose by a narrow margin in December. The average market price of light soda ash at the beginning of the month was 2,638 RMB/ton, and the average market price at the end of the month was about 2,648 RMB/ton. The price rose 0.38%, and 1.93% lower than the same period last year.

Market outlook

In the downstream, medicine, textiles and food mostly purchased sodium bicarbonate on demand, and the price of sodium bicarbonate was consolidated. In general, the price of sodium bicarbonate may still be consolidated in the short term, depending on the downstream market demand.

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