SunSirs: Sodium Bicarbonate Prices Were Consolidating This Week (October 21-25)

https://www.chemnet.com   Oct 28,2024 SunSirs

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 1,604 RMB/ton, and the average market price of sodium bicarbonate at the end of the week was 1,592 RMB/ton, a decrease of 0.75% and a year-on-year decrease of 26.38%.

On October 24th, the sodium bicarbonate commodity index was 106.00 points, a decrease of 0.06 points from the previous day, a decrease of 55.05% from the highest point of 235.84 points during the cycle (2021-11-10), and an increase of 20.09% 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 declining, with a factory price of around 1,400-1,550 RMB/ton. Due to downstream demand for purchasing, it is expected that consolidation 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 running weakly this week. The average market price was 1,594 RMB/ton.

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, had 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.

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

 Print  |    add to Favorites  |    Close