1、 Price trend

According to monitoring data from Shengyi Society, the price of baking soda has been weak this month, with an average market price of 1272 yuan/ton at the beginning of the month and around 1257 yuan/ton at the end of the month, a decrease of 1.49% and a year-on-year decrease of 41.28%. On July 30th, the Business Society Baking Soda Index was 83.16, unchanged from yesterday and hitting a historic low within the cycle, a decrease of 64.74% from the highest point of 235.84 on November 10, 2021. (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 running weakly, with a factory price of 1270 yuan/ton in Henan region and 1300-1400 yuan/ton in Shandong region. Due to downstream demand based procurement, it is expected that consolidation and operation will be the main focus in the later stage. Raw materials: According to monitoring data from Business Society, the overall price of soda ash rose in July. The average market price of light soda ash at the beginning of the month was 1258 yuan/ton, and the average market price at the end of the month was around 1302 yuan/ton, with a price increase of 3.5%, which is 34.48% higher than the same period last year.
Business analysts believe that the price of baking soda has been weak in recent times, with the upstream raw material soda ash showing overall strong performance in July. However, downstream industries such as pharmaceuticals, textiles, and food have been purchasing on demand recently, with average demand enthusiasm and a supply-demand game. Overall, it is expected that baking soda prices will mainly fluctuate in the later period, depending on downstream market demand.