SunSirs: On February 19th, Sodium Bicarbonate Was Temporarily Stable in Operation

Price trend

According to the Commodity Market Analysis System of SunSirs, the average market price of sodium bicarbonate on February 18th was 1,550.4 RMB/ton.

On February 18th, the SunSirs Sodium bicarbonate Index was 102.90 points, a decrease of 0.14 points from the previous day, a decrease of 56.37% from the highest point of 235.84 points during the cycle (November 10, 2021), and an increase of 16.57% 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 operating steadily, with a factory price of 1,450-1,550 RMB/ton in Henan region and 1,500-1,750 RMB/ton in Shandong region. Due to downstream demand based procurement, 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 has been consolidating this week. The market average price was 1,420 RMB/ton, and downstream customers tended to purchase according to their needs.

Market outlook

According to analysts from SunSirs, the price of sodium bicarbonate has been weak and consolidating in recent times. The upstream raw material soda ash has generally been in operation recently, while downstream industries such as pharmaceuticals, textiles, and food will mostly purchase according to demand after the year. The demand enthusiasm was average, and there was a supply-demand game. Overall, it is expected that sodium bicarbonate prices will mainly fluctuate in the later period, depending on downstream market demand.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.