1、 Price trend

According to monitoring data from Business Society, the overall price of baking soda has increased this month, with an average market price of 2150 yuan/ton at the beginning of the month and around 2366 yuan/ton at the end of the month. The price has dropped by 10.05%, a year-on-year decrease of 6.39%. On November 29th, the baking soda commodity index was 156.11, an increase of 4.29 points from yesterday, a decrease of 33.81% from the highest point in the cycle of 235.84 points (2021-11-10), and an increase of 76.86% from the lowest point of 88.27 points on December 22, 2020. (Note: The cycle refers to the period from September 1, 2020 to present)

2、 Market analysis

According to the understanding of Business Society. The current price of baking soda in Henan region is around 2200-2400 yuan/ton, which is the mainstream market quotation. Raw materials: According to monitoring data from Business Society, the price of soda ash first fell and then rose in November, with an overall upward trend. The average market price of light soda ash at the beginning of the month was 2460 yuan/ton, and the average market price at the end of the month was around 2580 yuan/ton, with a price increase of 4.88%, a decrease of 2.2% compared to the same period last year.

According to analysts from Business Society, the price of baking soda has recently shown a positive trend, while the upstream raw material, soda ash, has been strong recently. The downstream demand for baking soda, including pharmaceuticals, textiles, and food, has been slightly better than in the early stage. Overall, it is expected that baking soda prices will continue to improve in the later stage, depending on downstream market demand.