1、 Price trend

According to the commodity market analysis system of Shengyishe, the price of baking soda was weak this week, with an average market price of 2383.4 yuan/ton at the beginning of the week and 2361.2 yuan/ton on the weekend, a decrease of 0.93% and an increase of 8.56% year-on-year. On March 21, the baking soda commodity index was 156.72, a decrease of 1.38 points from yesterday, a decrease of 33.55% from the highest point in the cycle of 235.84 points (2021-11-10), and an increase of 77.55% from the lowest point of 88.27 points on December 22, 2020. (Note: The cycle refers to the period from September 1, 2020 to present)

2、 Market analysis

According to the commodity analysis system of Business Society, the price of baking soda is running weakly, and downstream markets are purchasing on demand in the near future. Currently, the price of baking soda in China is running weakly, with the mainstream market quotation of around 1900-2400 yuan/ton. According to the Commodity Analysis System of Business Society, the price of soda ash has been weak this week. The average market price at the beginning of the week was 2040 yuan/ton, while the weekend market price was 1980 yuan/ton, a decrease of 2.94%, a decrease of 28.52% compared to the same period last year.

Analysts from Business Society believe that the price of baking soda has been weak in recent times, while the upstream raw material soda ash has temporarily stabilized. Downstream pharmaceutical, textile, food and other sectors of baking soda have recently made more purchases according to demand, replenishing inventory in an appropriate amount, without any positive support. It is expected that baking soda prices will mainly fluctuate in the later stage, depending on downstream market demand.