SunSirs: Sodium Bicarbonate Prices Were Consolidating and Running on November 25th

https://www.chemnet.com   Nov 26,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, the average market price of sodium bicarbonate on November 25th was around 1.548 RMB/ton.

On November 24th, the sodium bicarbonate commodity index was 102.74 points, unchanged from the previous day, a decrease of 56.44% from the highest point of 235.84 points during the cycle (2021-11-10), and an increase of 16.39% 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 are 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 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 had been running weakly this week. The average market price was 1,546 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, 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.

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

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