1、 Price trend

According to the monitoring data of the business agency, the price of baking soda was adjusted and operated this week. The average market price at the beginning of the week was 2550 yuan / ton, and the average market price at the weekend was 2533.33 yuan / ton. The price fell by 0.65%, up 60.68% year-on-year. On August 11, the baking soda commodity index was 168.14, down 1.11 points from yesterday, down 28.71% from the highest point 235.84 (November 10, 2021) in the cycle, and up 90.48% from the lowest point 88.27 on December 22, 2020. (Note: period refers to September 1, 2020 to now)

2、 Market analysis

According to the business agency, the price of baking soda has been adjusted and operated, and the demand of the downstream market is generally in the near future. At present, the price of baking soda in Henan Province is about 2300-2600 yuan / ton. In terms of raw materials: according to the monitoring data of the business agency, the price of soda ash this week has been adjusted and operated as a whole. The current mainstream market price of light soda ash in East China is about 2600-2700 yuan / ton. The price of soda ash in North China is temporarily stable, and the current market price of light soda ash is about 2700-2800 yuan / ton.

Demand: in the downstream, the demand for baking soda in medicine, textile and food is general. In terms of raw materials, according to the monitoring data of the business agency, the average market price of light soda ash at the beginning of the week was 2700 yuan / ton, and the average market price at the weekend was 2690 yuan / ton, with a decrease of 0.37% and an increase of 24.39% over the same period last year. On the downstream side, the demand for baking soda in medicine, textile and food is generally in the near future. In a comprehensive view, the price of baking soda is short-term or consolidation operation, and the specific demand of the downstream market.