1、 Price trend

According to the monitoring data of the business community, the price of baking soda was temporarily stable this week. The average market price from the beginning of the week to the weekend was 2525 yuan/ton, down 15.36% year on year. On December 26, the sodium bicarbonate commodity index was 167.92, up 0.33 points from yesterday, down 28.80% from the peak of 235.84 (2021-11-10) in the cycle, and up 90.23% from the lowest point of 88.27 on December 22, 2020. (Note: Period refers to the period from September 1, 2020 to now)

2、 Market analysis

According to the business community, the price of baking soda is temporarily stable, and the downstream market is in general demand recently. The current price of baking soda in Henan is about 2500-2700 yuan/ton. According to the monitoring data of the business community, the price of soda ash upstream of bicarbonate this week is now about 2550-2750 yuan/ton in the mainstream market of light soda ash in East China. The price of soda ash in North China is temporarily stable, and the current market price of light soda ash is about 2650-2750 yuan/ton. At present, the inventory of soda ash enterprises is about 320000 tons, and the overall operating rate is about 89%.

Demand: downstream medicine, textile and food demand for baking soda is average. In terms of raw materials, according to the monitoring data of the business community, the price of soda ash was consolidated this week. According to the monitoring data of the business community, the price of soda ash this week was stable and small. The average market price of light soda ash was 2638 yuan/ton at the beginning of the week and 2640 yuan/ton at the weekend. The price rose by 0.08%, down 12.73% compared with the same period last year. In the downstream, medicine, textile and food often purchase sodium bicarbonate on demand. In a comprehensive way, the price of sodium bicarbonate may be maintained in a short-term or consolidation operation, depending on the downstream market demand.