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 on December 4th was 2635 yuan/ton, and on December 11th it was 2680 yuan/ton, with a price increase of 1.71% and a year-on-year increase of 6.03%. On December 10th, the baking soda commodity index was 176.95, unchanged from yesterday, a decrease of 24.97% from the cycle’s highest point of 235.84 points (2021-11-10), and an increase of 100.46% from the lowest point of 88.27 points on December 22nd, 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 and the mainstream market quotation is around 2500-2900 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 on December 4th was 2680 yuan/ton, and on December 11th it was 2780 yuan/ton, with a price increase of 3.73%, up 5.3% from the same period last year.

Analysts from Business Society believe that the price of baking soda has been strong in recent times, and the upstream raw material of soda ash has been strong in recent times. The downstream demand for baking soda, including pharmaceuticals, textiles, and food, is still acceptable. Supported by raw materials, it is expected that baking soda prices will remain strong in the future, depending on downstream market demand.