1、 Price trend

According to the monitoring data of business agency, the price of baking soda this week was stable and dynamic. The average market price at the beginning of the week was about 2523.33 yuan / ton, and the average market price at the weekend was 2520 yuan / ton, with the price falling by 0.13% and a year-on-year increase of 55.88%. On March 17, the commodity index of baking soda was 167.48, unchanged from yesterday, down 28.99% from the highest point of 235.84 in the cycle (2021-11-10), and up 89.74% from 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 stable for the time being, and the demand in the downstream market is generally in the near future. At present, the price of baking soda in Henan is about 2450-2600 yuan / ton. Raw materials: the price of light soda ash in East China is about 2600-2700 yuan / ton in the mainstream market. The price of soda ash in North China is temporarily stable, and the current market price of light soda ash is about 2650-2800 yuan / ton. Data show that the overall operating rate of soda ash this week was 89.75%, the output of soda ash was 589200 tons, and the output of soda ash increased slightly.

Demand: in the downstream, the demand for baking soda in medicine, textile and food is general. Raw materials, soda ash operates in a large, stable and small way, the downstream still maintains a wait-and-see attitude, the trading atmosphere is light and stable, and the soda ash price is adjusted and operated. In the downstream, the demand for baking soda in medicine, textile and food is generally in the near future. Generally speaking, the price of baking soda may maintain the consolidation operation in the short term, depending on the demand of the downstream market.