Price trend

According to the commodity market analysis system of SunSirs, the price of sodium bicarbonate had been consolidating this week, with an average market price of 2,680 RMB/ton at the beginning of the week and 2,672 RMB/ton at the end of the week. The price had decreased by 0.3% and increased by 5.82% year-on-year.

On December 14th, the sodium bicarbonate commodity index was 177.34 points, unchanged from the previous day, a decrease of 24.80% from the cycle's highest point of 235.84 points (2021-11-10), and an increase of 100.91% 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 Commodity Analysis System of SunSirs, the price of sodium bicarbonate was consolidating and downstream markets were purchasing on demand recently. As of December 15th, the price of sodium bicarbonate in China was strong and the mainstream market quotation was around 2,500-2,900 RMB/ton. According to the Commodity Analysis System of SunSirs, the price of soda ash remained strong. The average market price at the beginning of the week was 2,780 RMB/ton, and the average market price over the weekend was 2,800 RMB/ton, with a price increase of 0.72%, and an increase of 6.06% compared to the same period last year.

Market outlook

According to analysts from SunSirs, the price of sodium bicarbonate had recently stabilized and the upstream raw material, soda ash, had been strong. 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 mainly consolidate in the future, depending on downstream market demand.

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