1、 Price trend
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According to the monitoring data of business agency, the price of domestic sodium bicarbonate is stable. On September 29, the average price of the domestic market was 1760 yuan / ton, while on September 28, the average price of the domestic market was 1666.67 yuan / ton, with a price increase of 5.4%. On September 28th, the bicarbonate commodity index was 110.62, which was the same as yesterday, setting a record high in the cycle. It was 10.62% higher than the lowest point of 100.00 on September 06, 2020. (Note: cycle refers to September 1, 2020 to now)
2、 Market analysis
According to the business agency, the price of baking soda is strong now. At present, the price of sodium bicarbonate in Henan is firm, and the mainstream quotation in the market is about 1750-1850 yuan / ton. The price of sodium bicarbonate is rising, and the downstream demand is fair. It is expected that the price will slightly consolidate in the near future. The price of sodium bicarbonate in Hebei Province has been running steadily. The mainstream market quotation is about 1700-1850 yuan / ton. The price of sodium bicarbonate is stable and the downstream demand is fair.
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Raw materials: according to the business agency, the price rise of sodium bicarbonate is due to the price rise of soda ash upstream. The price trend of soda ash manufacturers / 200 tons is stronger than that of domestic manufacturers, and the price of some soda ash manufacturers is up in one week. Second, domestic soda ash inventory declined. According to statistics, the inventory continued to maintain a downward trend, with a total of 517300 tons, with a decrease rate of 76700 tons or 12.91%, and the number of maintenance enterprises increased recently. The domestic total operating rate is about 76%. The following figure shows the domestic mainstream market quotation of light soda ash.
Regional price (yuan / ton)
North China 1850-1900 + 200
East China 1700-1850 + 100
Central China 1700-1800 + 100
Demand: in the downstream, the demand for sodium bicarbonate in medicine, textile and food is fair, while the price of sodium bicarbonate goes up. According to the analysts of the business agency, the domestic soda ash market is rising steadily, the market atmosphere has recovered, and the downstream demand is fair. The soda industry meeting was held and some manufacturers adjusted their prices at the end of the month. It is expected that the trend of stable and upward trend of soda ash in the later stage is expected. The price of soda ash in East China is relatively strong. The current mainstream market price of light soda ash is about 1700-1850 yuan / ton, and that of heavy soda ash is 1850-1950 yuan / ton. The market atmosphere is fair and the inventory clearing rhythm is good. It is expected that the price of soda ash will be strong in the short term. On the downstream side, the demand for sodium bicarbonate in medicine, textile and food is fair, and the supply of sodium bicarbonate in Shandong is tight. It is expected that the price of sodium bicarbonate will maintain a high level in the future.
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