Price trend

According to monitoring data from SunSirs, the price of sodium bicarbonate had been weak and consolidating this month, with an average market price of 2,275 RMB/ton at the beginning of the month and around 2,150 RMB/ton at the end of the month. The price decreased by 5.49%, and a year-on-year decrease of 17.31%.

On October 26th, the sodium bicarbonate commodity index was 142.70 points, a decrease of 0.83 points from the previous day, a decrease of 39.49% from the cycle's highest point of 235.84 points (2021-11-10), and a 61.66% increase from the lowest point of 88.27 points on December 22, 2020. (Note: The cycle refers to the period from September 1st, 2020 to the present)

Analysis review

According to SunSirs, the price of sodium bicarbonate in Henan region was around 1,900-2,200 RMB/ton, which was the mainstream market quotation. Raw materials: According to monitoring data from SunSirs, the price of soda ash was relatively weaker in October. The average market price of light soda ash at the beginning of the month was 3,090 RMB/ton, while the average market price at the end of the month was around 2,550 RMB/ton. The price decreased by 17.48%, and a decrease of 4.14% compared to the same period last year.

Market outlook

Analysts from SunSirs believe that the price of sodium bicarbonate recently consolidated, with sufficient supply of sodium bicarbonate. The upstream raw material of soda ash had recently been weaker, and downstream pharmaceutical, textile, food and other aspects of sodium bicarbonate mainly purchased on demand recently. Overall, it is expected that the price of sodium bicarbonate will be mainly consolidated in the future, depending on the downstream market demand.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.