1、 Price trend

According to the monitoring data of business agency, the price of domestic baking soda has declined. On November 24, the average price in the domestic market was 1440 yuan / ton, down 3.21% from the price on the previous trading day. On November 23, the bicarbonate commodity index was 103.32, flat with yesterday, down 15.09% from 121.68 (October 21, 2020), and 3.32% 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 club, the price of baking soda is weak. At present, the price of sodium bicarbonate in Henan Province is falling down, and the mainstream quotation in the market is about 1300-1450 yuan / ton, and the downstream demand is general. It is expected that the price will slightly consolidate in the near future. The price of sodium bicarbonate in Hebei Province has been lowered, and the mainstream quotation in the market is about 1350-1500 yuan / ton, and the downstream is mostly purchased on demand.

As for raw materials, the domestic soda ash market is temporarily stable, the market atmosphere is light, the downstream manufacturers are cautious and wait-and-see attitude, and it is expected that the weak operation of soda ash in the later stage will be dominated. The market of soda ash in Central China is weak. The mainstream market price of light soda ash is about 1600-1700 yuan / ton. The market atmosphere is general, and the overall downstream manufacturers are cautious. It is expected that the price of soda ash will be stabilized in the short term. The soda ash market in South China is weak. The mainstream market price of light soda ash is about 1700-1800 yuan / ton. The market atmosphere is general. The overall downstream manufacturers are cautious. It is expected that the price of soda ash will be weak in the short term.

Demand: in the downstream, the demand for sodium bicarbonate is weak in medicine, textile and food, and the price of sodium bicarbonate is down. According to the analysts of the business agency, the domestic soda ash market is temporarily stabilized, the market atmosphere is light, the downstream manufacturers are cautious and wait-and-see attitude is the main factor, and it is expected that the weak operation of soda ash will be the main trend in the later stage. On the downstream side, the demand for sodium bicarbonate in medicine, textile and food is not good, and the transaction of sodium bicarbonate is average. It is expected that the price of sodium bicarbonate will be dominated by weak operation in the later stage, which depends on the demand of downstream market.