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 2,392 RMB/ton at the beginning of the week and 2,384 RMB/ton on the weekend. The price had decreased by 0.33% and increased by 14.89% year-on-year.

On May 16th, the sodium bicarbonate commodity index was 158.23 points, a decrease of 0.53 points from the previous day, a decrease of 32.91% from the highest point in the cycle of 235.84 points (2021-11-10), and an increase of 79.26% 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 17th, 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 fluctuated this week. The average market price from the beginning of the week to the weekend was 2,090 RMB/ton, a decrease of 16.73% compared to the same period last year.

According to the commodity analysis system of SunSirs, the overall price of soda ash had stabilized this week. The price of soda ash in Central China was stable and relatively strong, with the mainstream market price of light soda ash around 2,000-2,100 RMB/ton. The price of soda ash in East China was stable and relatively strong, with the mainstream market price of light soda ash around 2,100-2,200 RMB/ton.

Market outlook

According to analysts from SunSirs, the price of sodium bicarbonate had recently stabilized and the upstream raw material soda ash had recently stabilized. 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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