Price trend
According to the monitoring data of SunSirs, the price of sodium bicarbonate was consolidated this week. The average market price at the beginning of the week was 2,766.67 RMB/ton, and the average market price at the weekend was 2,716.67 RMB/ton, down 1.81% and up 58.25% year-on-year.
On July 14, the Sodium bicarbonate Commodity Index was 182.52, a decrease of 1.11 points from previous day, a decrease of 22.61% from the highest point in the cycle of 235.84 points (2021-11-10), and an increase of 106.77% from the lowest point of 88.27 points on December 22, 2020. (Note: The cycle refers to 2020-09-01 to the present)
Analysis review
According to SunSirs, the price of sodium bicarbonate was consolidating and running, and the downstream market had a general demand recently. On the 15th, the price of sodium bicarbonate in Henan was about 2,550-3,000 RMB/ton.In terms of raw materials: According to the monitoring data of SunSirs, the price of soda ash was consolidating and running this week. The current mainstream market price of light soda ash in East China was about 2,850-3,000 RMB/ton. The price of soda ash in North China was temporarily stable, and the market price of light soda ash was about 2,850-3,000 RMB/ton.
In terms of demand: the downstream pharmaceuticals, textiles, and food have a average demand for sodium bicarbonate. In terms of raw materials, according to the monitoring data of SunSirs, the price of soda ash was consolidating this week. The average market price of light soda ash at the beginning of the week was 2,910 RMB/ton, and the average market price at the weekend was 2,890 RMB/ton, down 0.69% and up 51.59% over the same period last year.
Market outlook
Recently, in the downstream, the demand for sodium bicarbonate in medicine, textile and food is general In general, the price of sodium bicarbonate may be weak in the short term, depending on the downstream market demand..
