The Chinese price of Sodium Bicarbonate was mainly stable on May.27

The price of Sodium Bicarbonate has been stable in the near future. At present, the average price in the domestic market is 1583.33 CNY / ton. On May 27, the commodity index of Sodium Bicarbonate was 105.09, unchanged from yesterday, down 13.63% from 121.68 (2020-10-21), the highest point in the cycle, and up 19.06% from 88.27, the lowest point on December 22, 2020（ Note: period refers to the period from September 1, 2020 to now

For the raw material situation, domestic Soda Ash price is mainly stable and small dynamic. The total inventory is still large, but the uneven distribution of inventory still exists. The overall trading atmosphere of Soda Ash is acceptable, and the manufactures are mainly active in cargo delivery. The rise of glass price has a favorable support for Soda Ash, but there is still a price game between Soda Ash and glass, and most of them are in a wait-and-see state for high price. In the short term, Soda Ash price is still in a small fluctuation. In the downstream, medicine, textile and food mainly purchase baking soda on demand. Generally speaking, the price of Sodium Bicarbonate may still maintain a narrow consolidation trend in the short term, depending on the downstream market demand.