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 1202.5 yuan/ton at the beginning of the month and around 1190 yuan/ton at the end of the month, a decrease of 1.04% and a year-on-year decrease of 23.03%. On December 30th, the Business Society Baking Soda Index was 78.98, unchanged from yesterday and hitting a historic low for the cycle, a decrease of 66.51% 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 1080-1200 yuan/ton in Henan region and 1150-1250 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 price of soda ash remained weak in December. At the beginning of the month, the average market price of light soda ash was 1252 yuan/ton, and at the end of the month, the average market price was around 1250 yuan/ton, a decrease of 0.16%, which is 18.19% lower than the same period last year.
Business analysts believe that the price of baking soda has been weak in recent times, and the overall performance of the upstream raw material soda ash was weak in December. However, downstream industries such as pharmaceuticals, textiles, and food have been purchasing on demand recently, with average demand enthusiasm and supply-demand competition. It is expected that baking soda prices will mainly fluctuate in the later period, depending on downstream market demand.