The price of Chinese Sodium Bicarbonate was stable last week

The price of Sodium Bicarbonate has been stable recently. From the beginning of the last week to the end of the last week, the average price in the domestic market is 1616.67 CNY / ton. On April 15, the commodity index of baking soda was 107.30, flat with 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)

The price of sodium bicarbonate is running at a high level, and the shipment in the downstream market is acceptable.

Raw materials: soda ash in East China operates stably and dynamically, and the current mainstream market price of light soda ash is about 1700-1850 CNY / ton. The main market price of light soda asg is about 1750-1850 CNY/ ton. The main market price of light soda ash is about 1650-1750 CNY / ton, and the price of downstream glass may play a leading role in soda ash industry. Generally speaking, the price of short-term soda ash is mainly consolidated. The total amount of soda ash inventory is large, but there is still uneven distribution. Some data show that the overall inventory of domestic soda ash is about 870000 tons, and now most of the former orders are executed at present.

Demand side: downstream medicine, textile and food mainly purchase sodium bicarbonate on demand, and the price of sodium bicarbonate has been consolidated recently. In the near future, the overall situation of raw material soda ash is stable with small movements, mainly with narrow fluctuation. The price of downstream glass market rises, it may lead to drive the demand for soda ash, but the short-term soda ash market is still in consolidation operation. Generally speaking, the price of sodium bicarbonate is still in consolidation trend in the short term, and the specific situation is the demand of downstream market.