1、 Price trend

According to the monitoring data of the Business News Agency, the price of baking soda this week was weak. The average market price at the beginning of the week was 2435 yuan/ton, and the average market price at the weekend was 2387.5 yuan/ton. The price fell 1.95%, down 5.51% year on year. The baking soda commodity index on March 9 was 161.61, which was the same as yesterday, down 31.47% from the cycle’s highest point of 235.84 points (2021-11-10), and up 83.09% from the lowest point of 88.27 points on December 22, 2020. (Note: the period refers to the period from September 1, 2020 to now)

2、 Market analysis

According to the business news agency, the price of baking soda is weak, and the downstream market is in general demand recently. At present, the price of baking soda in Henan is about 2200-2400 yuan/ton. The current price of light soda ash in the upstream of baking soda in East China is about 2700-2900 yuan/ton in the mainstream market. The price of soda ash in North China is temporarily stable, and the current market price of light soda ash is about 2800-2900 yuan/ton. According to the data, the inventory of soda ash manufacturers is about 250000 tons.

According to the analyst of Business Agency, the price of baking soda is weak in the near future, the price of raw soda is temporarily stable in the near future, and the downstream medicine, textile, food and other aspects of baking soda are mainly purchased on demand. It is comprehensively estimated that the price of baking soda will be weak in the future, depending on the downstream market demand.