SunSirs: On September 24th, the Price of Sodium Bicarbonate Remained Weak

https://www.chemnet.com   Sep 25,2024 SunSirs

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According to the Commodity Market Analysis System of SunSirs, the average market price of sodium bicarbonate is around 1,633.6 RMB/ton.

On September 23, the sodium bicarbonate commodity index was 109.09 points, a decrease of 0.75 points from the previous day, a decrease of 53.74% from the highest point of 235.84 points during the cycle (2021-11-10), and an increase of 23.59% 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 1,350-1,500 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 had been running weakly this week. The current average market price was 1,660 RMB/ton.

Market outlook

SunSirs’ analysts believe that the price of sodium bicarbonate had been weak recently, and the upstream raw material soda ash had been weak recently. Downstream industries such as pharmaceuticals, textiles, and food had 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.

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

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