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 7, the average price in the domestic market was 1496.67 yuan / ton. On February 7, 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 ash market is weak and stable. Over the weekend, the average market price was 1360 yuan / ton, down 12.26% over the same period last year. According to the business community, the domestic soda market atmosphere is light, downstream manufacturers are cautious and wait-and-see attitude is dominant. The price of soda ash in Central China is stable with small fluctuations. The current mainstream market price of light soda ash is about 1300-1400 yuan / ton. The market atmosphere is general, and the overall downstream manufacturers are cautious. It is expected that the price of soda ash will be stable with small fluctuations in the short term. The price of soda ash in North China is temporarily stable. The current mainstream market price of light soda ash is about 1350-1450 yuan / ton. The market atmosphere is general. The overall downstream manufacturers are cautious. It is expected that the price of soda ash will be temporarily stable in the short term.

Demand side: downstream medicine, textile and food demand for bicarbonate is acceptable, and the price of bicarbonate is stable. Analysts from business news agency believe that: the domestic soda ash market is temporarily stable, the market atmosphere is light, the downstream manufacturers are cautious and mainly wait-and-see attitude, and it is expected that the general market operation of soda ash will be maintained in the later period. The price of soda ash in the upstream market is more stable than that in the downstream market. Generally speaking, during the Spring Festival, the price of soda ash may continue to maintain a temporary stable trend. Specifically, it depends on the demand of the downstream market.