1、 Price trend

According to the monitoring data of the business community, the price of baking soda is stable for the time being. On February 25, the average price in the domestic market was 1496.67 yuan / ton. On February 24, the commodity index of baking soda was 99.34, unchanged from yesterday, down 18.36% from 121.68 (2020-10-21), the highest point in the cycle, and up 12.54% from 88.27, the lowest point on December 22, 2020. (Note: cycle refers to the period from September 1, 2020 to now)

2、 Market analysis

According to the news agency, the price of sodium bicarbonate runs smoothly, and the downstream market shipment is fair. At present, the price of sodium bicarbonate in Henan is about 1420-1600 yuan, which is the mainstream price in the market. The downstream demand is acceptable. It is expected that the price will be slightly consolidated in the near future. The price of baking soda in Hebei is about 1350-1550 yuan / ton, which is the mainstream price in the market, and the downstream demand is acceptable.

Raw materials: according to the monitoring data of the business community, the domestic soda price has increased. The price of soda ash in Central China is on the rise. The current mainstream market price of light soda ash is about 1400-1500 yuan / ton. The price of soda ash recovers slowly after the festival. The recent upward price of glass has a certain pulling effect on soda ash. It is expected that the price of soda ash may rise slightly in the short term.

Demand side: downstream medicine, textile and food mainly purchase sodium bicarbonate on demand, and the price of sodium bicarbonate is temporarily stable. Analysts from business news agency believe that: the price of upstream soda ash is expected to rise recently, while the downstream market mainly relies on Duoan’s on-demand procurement. Generally speaking, the price of sodium bicarbonate may continue to fluctuate slightly in the short term, depending on the downstream market demand.