Baichuan Information and Soda Ash Fair Trade Workstation: (2024.3.29-4.3) Sodium Bicarbonate Market Overview

The overall market price of sodium bicarbonate last week (2024.3.29-2024.4.3). As of last Thursday, the average market price of sodium bicarbonate was 1,779 yuan/ton, which was the same as the average price two weeks ago. In terms of costs, soda ash prices are currently at a low level and the cost of sodium bicarbonate is stable, providing a certain basis for the stalemate. In terms of supply, seasonal parking in Inner Mongolia is about to resume production, other companies are operating normally, and there is an accumulation of inventory on site. On the demand side, downstream companies are not very enthusiastic about purchasing goods. The overall market situation is mainly wait-and-see, and there is a certain contradiction between supply and demand. Industrial grade and food grade prices are in a stalemate, and the overall trading atmosphere on the market is light and stable. The price atmosphere is expected to be calm this week.

Market price (as of April 3)

The market price of industrial grade sodium bicarbonate: 1,700-2,150 yuan/ton from manufacturers in Central China; 1,600-2,400 yuan/ton from manufacturers in East China.

Market price of food additive grade sodium bicarbonate: The ex-factory price in the local market in Henan is around 1,600 yuan/ton; the mainstream ex-factory price in the Lianghu region is 1,500-2,050 yuan/ton including tax; the early execution order price in the Tianjin market is around 2,100 yuan/ton; in Shandong regional small businesses The current mainstream price of soda in the market is 1,600-2,400 yuan/ton. In addition, due to the obvious price difference between Qingdao Alkali Products’ customized products and mainstream products, the price is around 2,400 yuan/ton; the current price in the area adjacent to Qinghai in the west is 1,400-2,000 yuan/ton. In the eastern part of Inner Mongolia and adjacent to the northeastern region, the market price is 2,000 yuan/ton; for users in South China, the price of goods from inside and outside the province is 2,000-2,400 yuan/ton.

Market price of feed-grade sodium bicarbonate: The mainstream ex-factory price including tax is around 2,400-3,000 yuan/ton. The ex-factory price of pharmaceutical grade sodium bicarbonate including tax ranges widely depending on the category, ranging from 3,000-10,000 yuan/ton. The annual industry output is about 20,000 tons. The expected demand growth is related to national conditions and policies.