1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the average market price of baking soda is 2144 yuan/ton. On July 29th, the baking soda commodity index was 142.43, a decrease of 0.14 points from yesterday, a decrease of 39.61% from the cycle high of 235.84 points (2021-11-10), and an increase of 61.36% 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 the commodity analysis system of Shengyi Society, the price of baking soda is running weakly, and the company’s shipments are still acceptable. Domestic baking soda prices are operating steadily, with a factory price of around 1600-1700 yuan/ton in Henan, 1750-1950 yuan/ton in Shandong, and 1700-1800 yuan/ton in Jiangsu. Downstream demand is average, and it is expected that baking soda will consolidate and operate in the market. Upstream: According to the commodity analysis system of Shengyi Society, the price of soda ash has been running weakly this week. The average market price is 1904 yuan/ton.

Business analysts believe that the price of baking soda has been weak recently, and the upstream raw material soda ash has been weak recently. Downstream industries such as pharmaceuticals, textiles, and food have been purchasing on demand recently, with average demand enthusiasm and a supply-demand game. It is expected that the price of baking soda will be weak in the later stage, depending on downstream market demand.