1、 Price trend

According to monitoring data from Business Society, the price of baking soda has been declining this month. The average market price at the beginning of the month was 2134 yuan/ton, and the average market price at the end of the month was around 1858 yuan/ton, a decrease of 12.93% and a year-on-year decrease of 12.56%. On August 29th, the baking soda commodity index was 124.00, a decrease of 0.11 points from yesterday, a decrease of 47.42% from the cycle high of 235.84 points (2021-11-10), and an increase of 40.48% 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 Business Society, the price of baking soda has been weak this month, and downstream markets have been purchasing according to demand in the near future. At present, the domestic price of baking soda is running weakly, with the mainstream ex factory price in Henan region being around 1400-1600 yuan/ton. Raw materials: According to monitoring data from Business Society, the overall price of soda ash fell in August. At the beginning of the month, the average market price of light soda ash was 1884 yuan/ton, and at the end of the month, the average market price was around 1810 yuan/ton, a decrease of 3.93% and a decrease of 37.73% compared to the same period last year.

According to analysts from Business Society, the price of baking soda has been weak in recent times, and the upstream raw material soda ash has been weak in recent times. Downstream industries such as pharmaceuticals, textiles, and food have been mainly purchasing according to demand, with moderate purchases. The comprehensive supply-demand game predicts that the price of baking soda will be weak in the later stage, depending on downstream market demand.