1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the average market price of baking soda on August 12th was 2060 yuan/ton. On August 11th, the baking soda commodity index was 139.91, unchanged from yesterday, a decrease of 40.68% from the highest point of 235.84 points during the cycle (2021-11-10), and an increase of 58.50% 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. The price of baking soda in Henan region is declining, with a factory price of around 1500-1600 yuan/ton. Due to poor downstream demand, it is expected to operate weakly in the later stage. Upstream: According to the commodity analysis system of Shengyi Society, the price of soda ash has been running weakly this week. The current average market price is 1874 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.
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