sodium bicarbonate consumer market:
China is the world's largest consumer of sodium bicarbonate. Along with the development trend of economic development, the consumption of sodium bicarbonate in China shows an overall growth trend. In 2018, China's total sodium bicarbonate requirement was 25.12 million tons, a decrease of 660,000 tons from 2017, an increase of 6.35 million tons from 2010, and a total increase of 34% in 8 years.
sodium bicarbonate price analysis:
China's sodium bicarbonate price is highly socialized and its production capacity asset profit margin is low. No company can control prices based on manipulating production or consumption. In order to prevent the damage caused by the price war, most of the companies choose the "follow the market" strategy, which will require the company's product quotation to be maintained at the average demand of the sales market to obtain normal industry profits. Some midstream and downstream companies or trading fellows with stronger overall assets will store products when the sales market is sluggish, and then start when the sales market improves to obtain higher profits.
