1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average market price of baking soda at the beginning of the week was 1539.6 yuan/ton, and the average market price of baking soda over the weekend was 1539.8 yuan/ton, with a price increase of 0.01% and a decrease of 35.44% compared to the same period last year. On March 13th, the Business Society Baking Soda Index was 102.20, unchanged from yesterday, a decrease of 56.67% from the highest point of 235.84 points during the cycle (November 10, 2021), and an increase of 15.78% from the lowest point of 88.27 points on December 22, 2020. (Note: Cycle refers to September 1, 2020 to present)
2、 Market analysis
According to the commodity analysis system of Shengyi Society, the price of baking soda is running steadily, and the company’s shipments are still acceptable. The price of baking soda in Henan region is operating steadily, with a factory price of 1400-1550 yuan/ton in Henan region and 1500-1700 yuan/ton in Shandong region. Due to downstream demand based procurement, it is expected that consolidation and operation will be the main focus in the later stage. Upstream: According to the commodity analysis system of Shengyi Society, the price of soda ash has remained stable this week. The average market price from the beginning of the week to the end of the week is 1512 yuan/ton, a decrease of 25.88% compared to the same period last year, and downstream purchases are mostly made on demand.
Business Society analysts believe that the price of baking soda has been consolidating recently, with a general trend in the upstream raw material soda ash market. Downstream areas of baking soda, such as pharmaceuticals, textiles, and food, have been purchasing on demand recently, with average demand enthusiasm and a supply-demand game. Overall, it is expected that the price of baking soda will mainly fluctuate in the later stage, depending on downstream market demand.
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