1、 Price trend

According to monitoring data from Business Society, the overall price of baking soda is weak this month, with an average market price of 2435 yuan/ton at the beginning of the month and around 2162.5 yuan/ton at the end of the month. The price has decreased by 11.19%, a year-on-year decrease of 14.19%. On March 30th, the baking soda commodity index was 143.53, a decrease of 0.83 points from yesterday, a decrease of 39.14% from the cycle’s highest point of 235.84 points (2021-10-10), and an increase of 62.60% from the lowest point of 88.27 points on December 22, 2020. (Note: The cycle refers to the period from September 1st, 2020 to the present)

2、 Market analysis

According to the business news agency, the overall price of baking soda in March was weak, and downstream markets have been mainly purchasing according to demand recently. The current price of baking soda in Henan region is around 2000-2300 yuan/ton, which is the mainstream market quotation. Raw materials: the current mainstream market price of light soda ash in East China is about 2650-2850 yuan/ton. The price of soda ash in North China has temporarily stabilized, and the current market price of light soda ash is about 2750-2900 yuan/ton. The trading atmosphere in the market is relatively mild, but the overall market just needs support.

In terms of demand: Downstream demand for baking soda in pharmaceuticals, textiles, and food is average this month. Raw material soda ash: According to monitoring data from Business Society, the price of soda ash stabilized in March. The average market price of light soda ash at the beginning of the month was 2780 yuan/ton, while the average market price at the end of the month was around 2760 yuan/ton. The price decreased by 0.72%, an increase of 6.67% compared to the same period last year. The price of soda ash is in consolidation operation, and downstream pharmaceutical, textile, and food demand for baking soda is mostly on demand. The price of baking soda is in consolidation operation, and overall, baking soda prices may still be in consolidation operation in the short term, depending on downstream market demand.