Price trend

According to monitoring data from SunSirs, the overall price of sodium bicarbonate had increased this month, with an average market price of 2,150 RMB/ton at the beginning of the month and around 2,366 RMB/ton at the end of the month. The price increased by 10.05%, and a year-on-year decrease of 6.39%.

On November 29th, the sodium bicarbonate commodity index was 156.1 points, an increase of 4.29 points from the previous day, a decrease of 33.81% from the highest point in the cycle of 235.84 points (2021-11-10), and an increase of 76.86% from the lowest point of 88.27 points on December 22, 2020. (Note: The cycle refers to the period from September 1, 2020 to present)

Analysis review

According to the understanding of SunSirs, as of November 30th, the mainstream market quotation price of sodium bicarbonate in Henan region was around 2,200-2,400 RMB/ton. According to monitoring data from SunSirs, the price of soda ash first fell and then rose in November, with an overall upward trend. The average market price of light soda ash at the beginning of the month was 2,460 RMB/ton, and the average market price at the end of the month was around 2,580 RMB/ton, with a price increase of 4.88%, and a decrease of 2.2% compared to the same period last year.

Market outlook

According to analysts from SunSirs, the price of sodium bicarbonate had recently shown a positive trend, while the upstream raw material, soda ash, had been strong recently. The downstream demand for sodium bicarbonate, including pharmaceuticals, textiles, and food, had been slightly better than in the early stage. Overall, it is expected that sodium bicarbonate prices will continue to improve in the later stage, depending on downstream market demand.

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