1、 Price trend

According to the monitoring data of business agency, the price of domestic baking soda has declined. On November 9, the average price of the domestic market was 1690 yuan / ton, while on November 8, the average price in the domestic market was 1656.67 yuan / ton, and the price was reduced by 3.8%. On November 8, the bicarbonate commodity index was 116.59, flat with yesterday, 4.18% lower than 121.68 (2020-10-21), and 16.59% higher than 100.00, the lowest point on September 6, 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 market quotation is about 1400-1500 yuan / ton, and the downstream demand is general. It is expected that the price will be slightly consolidated in the near future. The price of sodium bicarbonate in Hebei Province has been lowered, and the mainstream quotation in the market is about 1600-1700 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.

In terms of the demand for medicine and baking soda, the demand for textiles and food was weak. 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. The price of soda ash in East China has been stable for the time being. The mainstream market price of light soda ash is about 1700-1850 yuan / ton, while that of heavy soda ash is 1850-1950 yuan / ton. The market atmosphere is general. In terms of downstream, the demand for sodium bicarbonate in medicine, textile and food is not strong, and the transaction of sodium bicarbonate is general. It is expected that the price of sodium bicarbonate will be mainly weak and stable in the later stage.