The international Sodium Bicarbonate market reflects considerable price volatility during April xxxx, with different areas experiencing divergent pricing trends based on unique local conditions. Market experts affirm that prices of Sodium Bicarbonate have become more and more volatile, posing difficulties for industries relying on this vital chemical substance.
The Thailand Sodium Bicarbonate market first showed an upward trend, with prices climbing x.xxx to $xxx/MT FOB Laem Chabang in early April. The growth is a result of elevated manufacturing costs initiated by a x.xxx weakening of the Thai baht. Regardless of relatively low prices for soda ash—a key raw material used in manufacturing Sodium Bicarbonate—the currency weakness actually raised domestic manufacturing costs.
The Thai Sodium Bicarbonate industry illustrates the effects of currency movement on the direct pricing of chemicals, irrespective of whether raw materials are favorably priced. This higher production expense...
