1、 Price trend

According to the monitoring data of business agency, the price of baking soda was consolidated and operated this week. The average market price at the beginning of the week was 2783.33 yuan / ton, and the average market price at the weekend was 2766.67 yuan / ton. The price fell by 0.6%, up 61.16% year-on-year. On July 10, the baking soda commodity index was 183.63, unchanged from yesterday, down 22.14% from the highest point 235.84 in the cycle (2021-11-10), and up 108.03% from the lowest point 88.27 on December 22, 2020. (Note: the period refers to 2020-09-01 to now)

2、 Market analysis

According to the business news agency, the price of baking soda has been adjusted and operated, and the downstream market has been in general demand recently. At present, the price of baking soda in Henan is about 2750-3000 yuan / ton. Raw materials: soda ash prices are weak this week. The mainstream market price of light soda ash in East China is about 2850-3100 yuan / ton. The price of soda ash in North China is temporarily stable, and the current market price of light soda ash is about 2850-3100 yuan / ton. Data show that as of June 30, 2022, the inventory of Chinese soda ash enterprises was 342200 tons, a month on month decrease of 55400 tons, a decrease of 13.93%.

Demand: downstream, the demand for baking soda in medicine, textiles and food is acceptable. In terms of raw materials, according to the monitoring data of the business community, the price of soda ash was weak this week. The average market price of light soda ash was 2920 yuan / ton at the beginning of the week and 2910 yuan / ton at the end of the week. The price fell by 0.34%, up 53% over the same period last year. In the downstream, the demand for baking soda from medicine, textile and food is acceptable in the near future. In a comprehensive view, the price of baking soda may maintain the consolidation operation in the short term, depending on the downstream market demand.