Price trend

According to the commodity market analysis system of SunSirs, the price of sodium bicarbonate had stabilized this week, with an average market price of 2,286 RMB/ton from the beginning of the week to the weekend, an increase of 8.21% year-on-year.

On April 18th, the sodium bicarbonate commodity index was 151.67 points, an increase of 0.01 points from the previous day, a decrease of 35.69% from the highest point in the cycle of 235.84 points (2021-11-10), and an increase of 71.83% 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 in recent times. As of April 19th, the price of sodium bicarbonate in China was consolidating, with a mainstream market quotation of around 1,800-2,400 RMB/ton.

According to the commodity analysis system of SunSirs, the price of soda ash had remained stable this week. The market price from the beginning of the week to the weekend was 1,900 RMB/ton, a decrease of 29.1% compared to the same period last year. The prices of soda ash in the East China region were consolidating, with the mainstream market price of light soda ash being around 1,850-2,050 RMB/ton. The prices of soda ash in the Central China region were consolidating, with the mainstream market price of light soda ash being around 1,800-2,000 RMB/ton.

Market outlook

Analysts from SunSirs believe that the price of sodium bicarbonate had recently stabilized and fluctuated, with upstream raw materials such as soda ash experiencing recent fluctuations. Downstream pharmaceutical, textile, and food sectors of sodium bicarbonate had recently made more on-demand purchases, and the sentiment was slightly better than before. Overall, it is expected that sodium bicarbonate prices will mainly fluctuate in the later stage, depending on downstream market demand.

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