In June, the price of baking soda rose as a whole

1、 Price trend

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According to business agency monitoring data, the price of soda rose in June. The average market price at the beginning of the month was 1583.33 yuan / ton, and the average market price at the end of the month was 1683.33 yuan / ton, and the price rose 6.32%. On June 29, the soda commodity index was 111.73, up 3.77 points from yesterday, down 8.18% from 121.68 (2020-10-21) of the cycle’s highest point, and 26.58% higher than the lowest point of 88.27 on December 22, 2020( Note: the cycle refers to September 1, 2020 to present)

2、 Market analysis

According to the business agency, the price of baking soda rose in June, and the downstream market was still available. At present, the price of baking soda in Henan Province is about 1650-1750 yuan, and the downstream demand is acceptable. The price of baking soda in Hebei Province is about 1700-1800 yuan / ton, and the downstream demand is acceptable.

Raw materials: according to the monitoring data of business society, the soda in North China is operating in a narrow range, and the current mainstream market price of light soda is about 1850-1950 yuan / ton. Downstream glass mainly purchases soda on demand, and generally speaking, the short-term price consolidation operation of soda is mainly. The main market price of light soda ash is 1700-1850 yuan / ton. Downstream glass mainly purchases soda on demand. Generally speaking, the short-term price consolidation operation of soda ash is the main.

Demand: downstream medicine, textile, food for baking soda on demand mainly, baking soda prices in the near future prices consolidation operation. Analysts of business society think: domestic soda is relatively strong finishing, and the downstream glass price is strong. But the overall demand performance in the near future is still acceptable, and it is expected that the soda ash will fluctuate in a narrow range. Downstream medicine, textile and food mainly purchase baking soda on demand, and take a cautious and wait-and-see attitude towards rising baking soda. In a comprehensive view, the price of baking soda is short-term or still maintain a narrow consolidation trend, and the specific market demand in the downstream is seen.

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