1、 Price trend
According to the monitoring data of the business club, the price of baking soda was adjusted and operated this week. The average market price from the beginning of the week to the end of the week was 2766.67 yuan / ton, up 74.37% year-on-year. On June 19, the commodity index of baking soda was 183.63, unchanged from yesterday, down 22.14% from the highest point 235.84 in the cycle (2021-11-10), and up 108.03% from the lowest point 88.27 on December 22, 2020. (Note: the period refers to the period from September 1, 2020 to now)
2、 Market analysis
According to the business agency, the price of baking soda has been adjusted and operated, and the downstream market has a general demand recently. At present, the price of baking soda in Henan is about 2750-2950 yuan / ton. Raw materials: according to the monitoring data of business agency, the mainstream market price of light soda ash in East China is about 2900-3100 yuan / ton. The price of soda ash in North China is temporarily stable, and the current market price of light soda ash is about 2900-3100 yuan / ton. Data show that the output of soda ash in the week was 592300 tons, a decrease of 11300 tons or 1.87%.
Demand: downstream, the demand for baking soda from medicine, textiles and food is acceptable. Raw material soda ash price consolidation operation this week. The average market price of light soda ash was 2920 yuan / ton at the beginning of the week and 2930 yuan / ton at the end of the week, with a price increase of 0.34% and a year-on-year increase of 58.72%. In the downstream, the demand for sodium bicarbonate from medicine, textile and food is fairly good in the near future. In general, the price of sodium bicarbonate may maintain a consolidation operation in the short term, depending on the downstream market demand.