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 1,466 RMB/ton, and the average market price of sodium bicarbonate at the end of the week was 1,412 RMB/ton, a decrease of 3.68% and a decrease of 38.35% compared to the same period last year.

On April 10th, the SunSirs’ sodium bicarbonate Index was 93.98 points, a decrease of 1.6 points from the previous day, a decrease of 60.15% from the highest point of 235.84 points during the cycle (November 10, 2021), and an increase of 6.47% 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 running weakly, with a factory price of 1,350-1,450 RMB/ton in Henan region and 1,400-1,600 RMB/ton in Shandong region. Due to downstream procurement were mostly based on demand, it is expected that weak operations will be the main focus in the later stage.

Upstream: According to the commodity analysis system of SunSirs, the price of soda ash has remained stable this week. The average market price at the beginning of the week was 1,424 RMB/ton, and the average market price over the weekend was 1,414 RMB/ton, a decrease of 0.7% compared to the same period last year, a decrease of 25.58%. Downstream buyers tended to purchase on demand.

Market outlook

SunSirs’ analysts believe that the price of sodium bicarbonate has been weak in recent times, while the upstream raw material soda ash has been generally operating. Downstream sodium bicarbonate was mainly purchased on demand in pharmaceuticals, textiles, textiles, food, and other fields, with average demand enthusiasm. Overall, it is expected that the price of sodium bicarbonate will mainly fluctuate in the later stage, depending on downstream market demand.

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