1、 Price trend

According to the monitoring data of business agency, the price of baking soda rose this week. The average market price at the beginning of the week was 1963.33 yuan / ton, and the average market price at the weekend was 2083.33 yuan / ton, with a price increase of 6.11%. On August 13, the commodity index of baking soda was 138.27, an increase of 1.77 points over yesterday, a record high in the cycle, and an increase of 56.64% over the lowest point of 88.27 on December 22, 2020（ Note: period refers to 2020-09-01 to now)

2、 Market analysis

According to the business agency, the price of baking soda is strong, and the demand in the downstream market is good in the near future. At present, the price of baking soda in Henan is about 2000-2200 yuan, and the downstream demand is OK. It is expected that the price will be stable in the near future. The price of baking soda in Hebei is about 2000-2250 yuan / ton, and the downstream demand is acceptable. It is expected that the price will be strong in the later stage.

Raw materials: soda ash prices are strong this week. The average market price at the beginning of the week was about 2137.5 yuan / ton, and the average market price at the weekend was 2187.5 yuan / ton, with a price increase of 2.37%, 58.13% over the same period last year. According to the monitoring data of business agency, the mainstream market price of light soda ash in East China is about 2150-2250 yuan / ton. The price of soda ash in North China is relatively strong, and the mainstream market price of light soda ash is about 2200-2300 yuan / ton. The price of soda ash in Central China is relatively strong, and the current mainstream market price of light soda ash is about 2100-2200 yuan / ton. Generally speaking, the short-term high price of soda ash is dominated.

Demand: in the downstream, the recent demand for baking soda from medicine, textile and food is acceptable, and the price of baking soda is strong in the near future. Business analysts believe that the price of soda upstream is strong, the market trading atmosphere is good, and the manufacturers are mainly active in shipping. In the downstream, the demand for baking soda in medicine, textile and food has continued to improve recently. In general, the price of baking soda is strong in the short term or at a high level, depending on the demand of the downstream market.