SunSirs: The Sodium Bicarbonate Prices Were Consolidating on November 28th

https://www.chemnet.com   Nov 29,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, the average market price of sodium bicarbonate on November 28th was around 1,548 RMB/ton.

On November 27th, the sodium bicarbonate commodity index was 102.74 points, unchanged from the precious 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 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 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 1,556 RMB/ton.

Market outlook

SunSirs’ analysts believe that in the recent times, the price of caustic soda has been consolidating and operating, with low inventory in some areas, and downstream demand was fair. It is expected to maintain consolidating in the future, 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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