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 1550 yuan/ton, and the average market price of baking soda at the weekend was 1548 yuan/ton, a decrease of 0.13% and a year-on-year decrease of 29.95%. On November 21st, the baking soda commodity index was 102.74, a decrease of 0.14 points from yesterday, a decrease of 56.44% from the cycle high of 235.84 points (2021-11-10), and an increase of 16.39% 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 consolidating and running. The ex factory price of baking soda in Henan region is around 1450-1550 yuan/ton. 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 been running weakly this week. The current average market price is 1546 yuan/ton.

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.