1、 Price trend

According to the monitoring data of the business community, the price of baking soda is running smoothly. From the beginning of the week to the end of the week, the average market price is 1716.67 yuan / ton. On July 18, the commodity index of bicarbonate was 113.94, which was the same as yesterday, down 6.36% from 121.68 (2020-10-21), the highest point in the cycle, and up 29.08% from 88.27, the lowest point on December 22, 2020（ Note: period refers to the period from September 1, 2020 to now

2、 Market analysis

According to the news agency, the price of sodium bicarbonate is stable for the time being, and the shipment in the downstream market is acceptable. At present, the price of baking soda in Henan is about 1700-1800 yuan, and the downstream demand is OK. It is expected that the price will be stable in the near future. The price of baking soda in Hebei is about 1650-1750 yuan / ton, which is the mainstream price in the market, and the downstream demand is acceptable.

In terms of raw materials: according to the monitoring data of the business society, the price in East China is stable, and the current mainstream market price of light soda ash is about 1900-2000 yuan / ton. The price of soda ash in North China is temporarily stable, and the current mainstream market price of light soda ash is about 1800-1900 yuan / ton. The price of soda ash in Central China is temporarily stable, and the current mainstream market price of light soda ash is about 1800-1900 yuan / ton. Generally speaking, the price of short-term soda ash is mainly high.

Demand side: downstream medicine, textile and food mainly purchase sodium bicarbonate on demand, and the price of sodium bicarbonate has been consolidated recently. Business analysts believe that: the domestic soda price is stable, the market trading atmosphere is relatively stable, and manufacturers are mainly active in shipping. The price of downstream glass is strong, but it is still wait-and-see for high price soda. The buyers and sellers still play a game on the price, and most of them purchase on demand. In the downstream, medicine, textile and food mainly purchase baking soda on demand. Generally speaking, the price of baking soda may still maintain a narrow consolidation trend in the short term, depending on the downstream market demand.