SunSirs: Sodium Bicarbonate Prices Were Consolidating This Week (December 9-13)
December 16 2024 15:35:44 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the average market price of sodium bicarbonate from the beginning of the week to the weekend was 1,548 RMB/ton, a year-on-year decrease of 12.14%.
On December 12th, the sodium bicarbonate commodity index was 102.61 points, unchanged from yesterday, a decrease of 56.49% from the highest point of 235.84 points during the cycle (November 10, 2021), and an increase of 16.25% 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 steadily, and the company's shipments were still acceptable. The price of sodium bicarbonate in Henan region was consolidating and running. The ex factory price of sodium bicarbonate in Henan region was around 1,450-1,550 RMB/ton. Due to downstream procurement based on demand, it is expected that consolidation and operation will be the main focus in the later stage.
Upstream: According to the commodity analysis system of SunSirs, the price of soda ash had been consolidating this week. The current market average price was 1538 RMB/ton, and downstream customers tend to purchase according to their needs.
Market outlook
SunSirs’ analysts believe that the price of sodium bicarbonate has been consolidating recently, with a general trend in the upstream raw material soda ash market. Downstream areas of sodium bicarbonate, such as pharmaceuticals, textiles, and food, have been purchasing on demand recently, with average demand enthusiasm and a supply-demand game. 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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