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 2,673 RMB/ton at the beginning of the week and 2,686.4 RMB/ton at the end of the week. The price had increased by 0.5%, with a year-on-year increase of 6.39%.

On December 21, the sodium bicarbonate commodity index was 178.27 points, an increase of 0.33 points from the previous day, a decrease of 24.41% from the highest point in the cycle of 235.84 points (2021-11-10), and an increase of 101.96% 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 were purchasing on demand recently. As of December 22nd, 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 product analysis system of SunSirs, the price of soda ash was relatively stable. The average market price from the beginning of the week to the weekend was 2,800 RMB/ton, an increase of 5.9% compared to the same period last year.

Market outlook

According to analysts from SunSirs, the price of sodium bicarbonate had recently consolidated, while the upstream raw material of soda ash had remained stable. 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 continue to consolidate in the future, depending on downstream market demand.

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