Views: 3 Author: Site Editor Publish Time: 2021-02-09 Origin: Site
The price of Sodium Bicarbonate was stable for the time being. On February 7, the average price in the domestic market was 1496.67 CNY / ton, and the commodity index of baking soda was 99.34, unchanged from yesterday, down 18.36% from 121.68 (2020-10-21), the highest point in the cycle, and up 12.54% from 88.27, the lowest point on December 22, 2020. (Note: cycle refers to the period from September 1, 2020 to now).
Raw materials: domestic Soda Ash market is stable. Over the weekend, the average market price was 1360 CNY / ton, down 12.26% over the same period last year. The domestic Soda Ash market atmosphere is light, downstream manufacturers are cautious and wait-and-see attitude is dominant.
Demand side: downstream medicine, textile and food demand for Sodium Bicarbonate is acceptable, and the price of Sodium Bicarbonate is stable. It is expected that the general market operation of Soda Ash will be maintained in the later period. In general, the price of Sodium Bicarbonate may continue to maintain a temporary stable trend during the Spring Festival, depending on the downstream market demand.
