1、 Price trend

According to the monitoring data of business news agency, the overall upward trend of baking soda price in March was dominated. The average market price at the beginning of the month was 1496.67 yuan / ton, and that at the end of the month was 1616.67 yuan / ton, up 8.02%. On March 29, the commodity index of baking soda was 107.30, flat with yesterday, down 11.82% from 121.68 (2020-10-21), the highest point in the cycle, and up 21.56% from 88.27, the lowest point on December 22, 2020. (Note: cycle refers to the period from September 1, 2020 to now)

2、 Market analysis

According to the business community, the price of sodium bicarbonate is running at a high level, and the shipment in the downstream market is fair. At present, the price of sodium bicarbonate in Henan is about 1550-1700 yuan, which is the mainstream quotation in the market. The downstream demand is acceptable. It is expected that the price will be slightly consolidated in the near future. The price of baking soda in Hebei is about 1550-1650 yuan / ton, which is the mainstream price in the market, and the downstream demand is acceptable.

Raw materials: according to the monitoring data of the business community, the price of soda ash rose in March. The average market price at the beginning of the month was about 1586 yuan / ton, and that at the end of the month was about 1736 yuan / ton, up 9.46%. The main market price of light soda is 1700-1800 yuan / ton. In North China, soda ash mainly operates in a narrow range, and the current mainstream market price of light soda ash is about 1750-1850 yuan / ton. In Central China, soda ash mainly fluctuates in a narrow range. The current mainstream market price of light soda ash is about 1600-1750 yuan / ton. The demand of downstream glass for soda ash is relatively stable. It is expected that soda ash price will be strong in the short term. At the beginning of the month, the price of soda rose, which led to the rise of the price of baking soda.

 
Demand side: downstream medicine, textile and food demand for sodium bicarbonate is fair, and the price of sodium bicarbonate has been strong recently. Business analysts believe that: raw soda prices up, baking soda prices with the rise. However, in the near future, soda ash as a raw material has been consolidated temporarily and operated strongly. The downstream market mainly purchases soda on demand. Generally speaking, the price of soda ash may maintain a consolidation trend in the short term, and the specific situation depends on the demand of the downstream market.