1、 Price trend
According to the monitoring data of business agency, the price of baking soda was adjusted and operated this week. The average market price at the beginning of the week was 2216.67 yuan / ton, and the average market price at the weekend was 2693.33 yuan / ton, with a price increase of 21.5%. On September 23, the commodity index of baking soda was 168.80, an increase of 9.95 points over yesterday, a record high in the cycle, and an increase of 91.23% over the lowest point of 88.27 on December 22, 2020. (Note: the period refers to the period from September 1, 2020 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. Now the price of baking soda in Henan is 2600-2800 right. The price of baking soda in Hebei is about 2600-2800 tons, and the downstream demand is good. It is expected that the price will be strong in the later stage.
Raw materials: according to the monitoring data of business society, the price of soda ash is strong this week. The mainstream market price of light soda ash in East China is about 2800-3000 yuan / ton. The price of soda ash in North China is relatively strong, and the current market price of light soda ash is about 2800-2900 yuan / ton. The price of soda ash in Central China is relatively strong, and the mainstream price of light soda ash is about 2800-2900 yuan / ton. Generally speaking, the short-term high price of soda ash is dominated. Affected by the dual control policy, there are many manufacturers’ parking, the overall supply of soda ash is reduced, and the delivery of early orders is mainly. According to the data, the overall operating rate of soda ash this week was 72.5%, which was 79.33% last week, and the operating rate decreased.
Demand: in the downstream, medicine, textile and food have a good demand for baking soda in the near future, and the price of baking soda is running better 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 from medicine, textile and food is fairly good in the near future. In general, the price of baking soda is running better in the short term, depending on the demand of the downstream market.