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 2,372 RMB/ton at the beginning of the week and 2,392 RMB/ton at the end of the week. The price had increased by 0.84%, with a year-on-year increase of 14.59%.

On May 10th, the sodium bicarbonate commodity index was 158.76 points, unchanged from the previous day, a 32.68% decrease from the highest point in the cycle of 235.84 points (2021-11-10), and an increase of 79.86% 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 the company's shipment was still acceptable. As of May 11th, the price of sodium bicarbonate in China was consolidating, with a mainstream market quotation of around 1,900-2,400 RMB/ton.

Upstream: According to the commodity analysis system of SunSirs, the price of soda ash had been consolidating this week. At the beginning of the week, the market price was 2,050 RMB/ton, and the average weekend market price was 2,090 RMB/ton, with a price increase of 1.95% and a decrease of 19.62% compared to the same period last year.

Market outlook

Analysts from SunSirs believe that the price of sodium bicarbonate had recently stabilized and the upstream raw material, soda ash, had been stronger in recent times. Downstream pharmaceutical, textile, food and other sectors of sodium bicarbonate had recently made more purchases on demand. It is expected that sodium bicarbonate prices will mainly fluctuate in the later stage, depending on downstream market demand.

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