Price trend                               

According to the Commodity Market Analysis System of SunSirs, the average market price of sodium bicarbonate at the beginning of the week was 1,753 RMB/ton, and the average market price of sodium bicarbonate at the end of the week was 1,704 RMB/ton, a decrease of 2.8% and a year-on-year decrease of 24.27%.

On September 13th, the sodium bicarbonate commodity index was 113.76 points, a decrease of 0.66 points from the previous day, a decrease of 51.76% from the cycle high of 235.84 points (2021-11-10), and an increase of 28.88% from the lowest point of 88.27 points on December 22, 2020. (Note: Cycle refers to September 1, 2020 to present)

Analysis review

According to the commodity analysis system of SunSirs, the price of sodium bicarbonate was running weakly, and the company's shipments were still acceptable. The price of sodium bicarbonate in Henan region was declining, with a factory price of around 1,400-1,500 RMB/ton. Due to poor downstream demand, it is expected to operate weakly in the later stage.

Upstream: According to the commodity analysis system of SunSirs, the price of soda ash has been running weakly this week. The average market price was 1,736 RMB/ton.

Market outlook

SunSirs’ analysts believe that the price of sodium bicarbonate has been weak recently, and the upstream raw material soda ash has been weak recently. Downstream industries such as pharmaceuticals, textiles, and food have been purchasing on demand recently, with average demand enthusiasm and a supply-demand game. It is expected that the price of sodium bicarbonate will be weaker in the later stage, depending on downstream market demand.

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