1、 Price trend

According to the commodity market analysis system of Business Society, the price of baking soda has been improving this week. The average market price at the beginning of the week was 2187.5 yuan/ton, and the average market price over the weekend was 2212.5 yuan/ton, with a price increase of 1.14% and a year-on-year decrease of 12.64%. On November 23, the baking soda commodity index was 146.68, an increase of 0.66 points from yesterday, a decrease of 37.81% from the highest point in the cycle of 235.84 points (2021-11-10), and an increase of 66.17% from the lowest point of 88.27 points on December 22, 2020. (Note: The cycle refers to the period from September 1, 2020 to present)

2、 Market analysis

According to the commodity analysis system of Business Society, the price of baking soda is strong and the downstream market is purchasing on demand in the near future. Currently, the price of baking soda in China is strong, with a mainstream market quotation of around 2000-2300 yuan/ton. According to the product analysis system of Business Society, the price of soda ash in the upstream of baking soda remains strong. The average market price at the beginning of the week was 2190 yuan/ton, and the average market price over the weekend was 2300 yuan/ton, with a price increase of 5.02% and a decrease of 12.88% compared to the same period last year.

Business Society analysts believe that the price of baking soda has been strong in recent times, and the upstream raw material pure alkali has been strong in recent times. Downstream pharmaceutical, textile, food and other aspects of baking soda will mainly require on-demand procurement in the near future. It is expected that the price of baking soda will consolidate and operate in the future, depending on downstream market demand.