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Article: Sodium bicarbonate market supports level pricing--for now.
- Article from:
- Purchasing
- Article date:
- April 5, 2007
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By Staff
Suppliers of sodium bicarbonate are eager to get prices back up where they were a couple months ago, but supply and demand balances don't give buyers much reason to pay more.
Sodium bicarbonate suppliers got a minor price increase to 23¢/lb for a couple of months late last year but the price has slipped back down to 22¢ in early 2007, as demand has been less than robust lately in key end-use sectors. And economists at Global Insight except spot prices to drop closer to 21¢ this year.
Sodium bicarbonate is a mature commodity, with sales growth typically hovering around 3% annually. So, with industrial manufacturing now ...