The price of China Sodium Bicarbonate was mainly adjusted last week(Mar.22-Mar.26)

Sodium bicarbonate prices are in recent high consolidation operation. From the beginning of the week to the end of the week, the average price in the domestic market is 1616.67 CNY / ton. On March 25, the commodity index of sodium bicarbonate was 107.30, unchanged from yesterday, down 11.82% from 121.68 (2020-10-21), the highest point in the cycle, and up 21.56% from 88.27, the lowest point on December 22, 2020. (Note: cycle refers to the period from September 1, 2020 to now)

Raw materials: the domestic soda ash price is strong. The main market price of light soda ash is about 1750-1850 CNY / ton. In Central China, the main market price of light soda ash is about 1600-1750 CNY / ton. In East China, the main market price of light soda ash is about 1650-1750 CNY / ton. The demand of downstream glass for soda ash is relatively stable. It is expected that the price of soda ash will be strong in the short term.

Demand: downstream medicine, textile, food demand for baking soda is still acceptable, the price of baking soda is strong in the near future. In the near future, the raw material baking soda is generally stabilized and stable, and the main operation is firm, and the downstream market demand is still acceptable. In a comprehensive view, the price of Sodium Bicarbonate can be seen in the short term or the trend of consolidation is maintained, and depends on the downstream market demand.