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 1538.6 yuan/ton, and the average market price of baking soda over the weekend was 1518 yuan/ton, a decrease of 1.34% in price and a decrease of 35.6% compared to the same period last year. On March 27th, the Business Society Baking Soda Index was 101.28, a decrease of 0.27 points from yesterday, a decrease of 57.06% from the highest point of 235.84 points during the cycle (November 10, 2021), and an increase of 14.74% 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 weakly, 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 1480 yuan/ton, a decrease of 24.49% 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 the upstream raw material soda ash generally operating in the near future. Downstream baking soda is mostly purchased on demand in pharmaceuticals, textiles, food, and other fields, with average demand enthusiasm. It is reported that a new 200000 tons/year baking soda project will start construction in early March at Shandong Haihua. At that time, production capacity will increase, and the form of baking soda will be even more pessimistic. It is expected that baking soda prices will mainly fluctuate in the later stage, depending on downstream market demand.