1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average market price of baking soda is around 1633.6 yuan/ton. On September 23, the baking soda commodity index was 109.09, a decrease of 0.75 points from yesterday, a decrease of 53.74% from the highest point of 235.84 points during the cycle (2021-11-10), and an increase of 23.59% from the lowest point of 88.27 points on December 22, 2020. (Note: Cycle refers to September 1, 2020 to present)

2、 Market analysis

According to the commodity analysis system of Shengyi Society, the price of baking soda is running weakly, and the company’s shipments are still acceptable. The price of baking soda in Henan region is declining, with a factory price of around 1350-1500 yuan/ton. Due to poor downstream demand, it is expected to operate weakly in the later stage. Upstream: According to the commodity analysis system of Shengyi Society, the price of soda ash has been running weakly this week. The current average market price is 1660 yuan/ton.

Business analysts believe that the price of baking soda has been weak recently, and the upstream raw material soda ash has been weak recently. Downstream industries such as pharmaceuticals, textiles, and food have been purchasing on demand recently, with average demand enthusiasm and a supply-demand game. It is expected that the price of baking soda will be weak in the later stage, depending on downstream market demand.