1、 Price trend

According to the monitoring data of the business community, the price of baking soda was temporarily stable this week. The average market price from the beginning of the week to the weekend was 2527.5 yuan/ton, down 24.17% year on year. On December 11, the sodium bicarbonate commodity index was 167.75, unchanged from yesterday, down 28.87% from the peak of 235.84 (2021-11-10) in the cycle, and up 90.04% from the low of 88.27 on December 22, 2020. (Note: Period refers to the period from September 1, 2020 to now)

2、 Market analysis

According to the business community, the price of baking soda is temporarily stable, and the downstream market is in general demand recently. The current price of baking soda in Henan is about 2500-2700 yuan/ton. According to the monitoring data of the business community, the overall price of soda ash this week is mainly stable, and the price is large, stable and small. The current mainstream market price of light soda ash in East China is about 2550-2750 yuan/ton. The price of soda ash in North China is temporarily stable, and the current market price of light soda ash is about 2650-2750 yuan/ton. At present, soda ash enterprises maintain low inventory.

Demand: downstream medicine, textile and food demand for baking soda is average. In terms of raw materials, according to the monitoring data of the business community, the price of soda ash this week was stable and dynamic. According to the monitoring data of the business community, the price of soda ash this week was largely stable and slightly dynamic. The average market price of light soda ash was 2638 yuan/ton at the beginning of the week and 2640 yuan/ton at the weekend. The price rose by 0.08%, down 12.73% compared with the same period last year. In the downstream, medicine, textile and food are mostly purchased on demand. In general, the price of sodium bicarbonate in the short term or consolidation operation is determined by the downstream market demand.