Influencing factors of sodium bicarbonate price
1. Consumer psychological barriers
Circulation channels and merchants have changed their mindset after facing various influences, which often leads to mood swings, judgment negligence, blind buying or wild selling behaviors, which also caused the sodium bicarbonate prices and other sodium bicarbonate commodities to plummet during certain periods One of the core elements of the rise.
2. Import and export trade factors
The import volume of domestic sodium bicarbonate accounts for a small proportion of total demand. Although the export volume ranks third in the sodium bicarbonate international trade, the proportion of domestic production capacity is not high. In China, the sodium bicarbonate lacks the leading power in international trade, and the price follows the way. Therefore, the rise and fall of the price of international sodium bicarbonate has little effect on the market price of the mainland, but it will affect the psychological expectations of the upstream and downstream industries of sodium bicarbonate at a certain stage.
