1、 Price trend

According to monitoring data from Business Society, the overall price of baking soda has increased this month, with an average market price of 2366 yuan/ton at the beginning of the month and around 2688 yuan/ton at the end of the month. The price has increased by 13.61%, a year-on-year decrease of 6.25%. On December 28th, the baking soda commodity index was 178.39, an increase of 0.01 points from yesterday, a decrease of 24.36% from the highest point in the cycle of 235.84 points (2021-11-10), and an increase of 102.10% from the lowest point of 88.27 points on December 22, 2020. (Note: The cycle refers to the period from September 1, 2020 to present)

2、 Market analysis

According to the understanding of Business Society. The current price of baking soda in Henan region is consolidating, with the mainstream market price ranging from 2600 to 2900 yuan/ton; The price of baking soda in Shandong region is consolidating, with the mainstream market price around 2500-2800 yuan/ton. Raw materials: According to monitoring data from Business Society, the overall price of soda ash increased in December. The average market price of light soda ash at the beginning of the month was 2620 yuan/ton, and the average market price at the end of the month was around 2790 yuan/ton, with a price increase of 6.49%, an increase of 5.36% compared to the same period last year. According to the Commodity Analysis System of Business Society, the overall price of soda ash has increased this month.

According to analysts from Business Society, the price of baking soda has recently stabilized, while the upstream raw material soda ash has recently fluctuated. Downstream pharmaceutical, textile, food, and other sectors of baking soda have mainly purchased on demand in the near future. It is expected that the price of baking soda will continue to consolidate in the future, with a specific focus on downstream market demand.