1、 Price trend
According to the monitoring data of the Business News Agency, the price of baking soda this week consolidated and operated. The average market price at the beginning of the week was 2527.5 yuan/ton, and the average market price at the weekend was 2525 yuan/ton. The price fell 0.1%, up 1.68% year on year. The baking soda commodity index on January 12 was 167.59, down 0.16 points from yesterday, down 28.94% from the cycle’s highest point of 235.84 points (2021-11-10), and up 89.86% from the lowest point of 88.27 points on December 22, 2020. (Note: the period refers to the period from September 1, 2020 to now)
2、 Market analysis
According to the business agency, the price of baking soda is temporarily stable, and the downstream market is in general demand recently. At present, the price of baking soda in Henan is about 2500-2700 yuan/ton. The current price of light soda ash in the upstream of baking soda in East China is about 2650-2750 yuan/ton in the mainstream market. 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. At present, the inventory of soda ash enterprises is low.
Demand: downstream medicine, textile and food have a general demand for baking soda. According to the monitoring data of the Business Agency, the price of soda ash was temporarily stable this week. The average market price of light soda ash at the beginning of the week and the weekend was 2664 yuan/ton, up 19.06% from the same period last year. In the downstream, medicine, textiles, and food are mostly purchased as needed. The supply and demand of the buyers and sellers play a game. From a comprehensive perspective, the price of baking soda can be maintained in a short term or in a consolidated operation, depending on the downstream market demand.