Asia
The Sodium Bicarbonate price curve exhibited mixed trends in the Chinese market during the last quarter of 2024. At the beginning of the quarter, prices remained stable during the Golden Week holidays, as a decline in supply offset lower demand. However, as the quarter progressed, prices trended downward due to moderate downstream demand from the pharmaceutical, textile, and food industries.
Additionally, the falling upstream market, particularly soda ash, exerted further pressure on Sodium Bicarbonate prices. By November, prices stabilized and remained steady, with only marginal fluctuations for the remainder of the quarter, as cautious demand patterns aligned with reduced supply amid the seasonal slowdown in the final months of the year.
Europe
In Q4'24, the Sodium Bicarbonate price graph exhibited a fluctuating trajectory in the European region, mirroring the trend in Asia. The Sodium Bicarbonate market faced several challenges during this period. Initially, prices declined due to lower production costs. However, later in the quarter, the market stabilized with only marginal fluctuations. Demand from downstream sectors remained moderate, while raw material prices stabilized in November. These factors contributed to a range-bound fluctuation in Sodium Bicarbonate prices throughout the quarter.
North America
In the North American region, the Sodium Bicarbonate price graph exhibited significant fluctuations during the fourth quarter of 2024. At the beginning of the quarter, the price trajectory displayed mixed trends. Prices initially gained positive momentum due to strong trading activity, with manufacturers reporting increased procurement from overseas buyers. Additionally, domestic demand remained high due to pre-festival stocking. However, towards the end of the quarter, prices declined and stabilized as downstream industries shut down during the Christmas holidays.