Price trend

According to the commodity market analysis system of SunSirs, the price of sodium bicarbonate had been improving this week. The average market price on December 4th was 2,635 RMB/ton, and on December 11th it was 2,680 RMB/ton, with a price increase of 1.71% and a year-on-year increase of 6.03%.

On December 10th, the sodium bicarbonate commodity index was 176.95 points, unchanged from the previous day, a decrease of 24.97% from the cycle's highest point of 235.84 points (2021-11-10), and an increase of 100.46% from the lowest point of 88.27 points on December 22nd, 2020. (Note: The cycle refers to the period from September 1, 2020 to present)

Analysis review

According to the commodity analysis system of SunSirs, the price of sodium bicarbonate was strong and the downstream market was purchasing on demand recently. As of December 11th, domestic sodium bicarbonate prices had remained strong, with mainstream market quotes of around 2,500-2,900 RMB/ton.

According to the product analysis system of SunSirs, the price of soda ash in the upstream of sodium bicarbonate remained strong. The average market price on December 4th was 2,680 RMB/ton, and on December 11th it was 2,780 RMB/ton, with a price increase of 3.73%, up 5.3% from the same period last year.

Market outlook

Analysts from SunSirs believe that the price of sodium bicarbonate had been strong in recent times, and the upstream raw material of soda ash had been strong in recent times. The downstream demand for sodium bicarbonate, including pharmaceuticals, textiles, and food, was still acceptable. Supported by raw materials, it is expected that sodium bicarbonate prices will remain strong in the future, depending on downstream market demand.

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