Views: 1 Author: Site Editor Publish Time: 2021-06-28 Origin: Site
The price of Sodium Bicarbonate rose slightly. At the beginning of the last week, the average market price was 1586.67 CNY / ton, while at the end of the last week, the average market price was 1626.67 CNY / ton, up 2.52%. On Jun.25, the commodity index of baking soda was 107.96, unchanged from Jun.24, down 11.28% from 121.68 (2020-10-21), the highest point in the cycle, and up 22.31% from 88.27, the lowest point on December 22, 2020（ Note: period refers to the period from September 1, 2020 to now).
In the downstream, medicine, textile and food industry mainly purchase Baking Soda on demand, and the price of Baking Soda has been consolidated recently. The price of domestic Soda Ash in the upper reaches is stable, and the market trading atmosphere is relatively stable. At present, there is still a phenomenon of large inventory but uneven distribution of Soda Ash, and the manufacturers adjust the quotation themselves. The price of downstream glass is strong, but it is still wait-and-see for high price Soda Ash. The buyers and sellers still play a game on the price, and most of them purchase 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.
