Price trend

According to the commodity market analysis system of SunSirs, the price of sodium bicarbonate was weak this week, with an average market price of 2,591.8 RMB/ton at the beginning of the week and 2,509.8 RMB/ton on the weekend, a price drop of 3.16% and a year-on-year increase of 0.6%.

On January 21st, the sodium bicarbonate commodity index was 166.59 points, unchanged from the previous day, a decrease of 29.36% from the highest point in the cycle of 235.84 points (2021-11-10), and an increase of 88.73% 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 weak and downstream markets were purchasing on demand recently. As of January 22nd, the price of sodium bicarbonate in China was strong, with a mainstream market quotation of around 2,200-2,700 RMB/ton. According to the Commodity Analysis System of SunSirs, the upstream soda ash prices for sodium bicarbonate had been weak this week. The average market price at the beginning of the week was 2,500 RMB/ton, and the average market price on the weekend was 2,440 RMB/ton, a decrease of 2.4%, a decrease of 8.48% compared to the same period last year.

Market outlook

Analysts from SunSirs believe that the price of sodium bicarbonate had been weak in recent times, with weak performance in the upstream raw material soda ash sector. Downstream pharmaceutical, textile, food and other sectors of sodium bicarbonate had been purchasing on demand in recent times, and there was a supply-demand game. Overall, it is expected that sodium bicarbonate prices will be weak in the future, depending on downstream market demand.

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