1、 Price trend

According to the monitoring data of the business community, the price of baking soda has been mainly stable in the near future. From the beginning of the week to the end of the week, the average price of domestic market is 1583.33 yuan / ton. On May 27, the commodity index of sodium bicarbonate was 105.09, unchanged from yesterday, down 13.63% from 121.68 (2020-10-21), the highest point in the cycle, and up 19.06% 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 sodium bicarbonate in Henan is about 1550-1650 yuan, which is the mainstream quotation 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 1550-1650 yuan / ton, which is the mainstream price in the market, and the downstream demand is acceptable.

Raw material soda: this week’s Soda price is stable, small move market operation. According to the monitoring data of the business agency, the average market price from the beginning of the week to the weekend is about 1750 yuan / ton. According to the monitoring data of the business community, the soda ash in North China has been in stable operation temporarily. The current mainstream market price of light soda ash is about 1800-1900 yuan / ton, and the downstream glass mainly purchases soda ash on demand. Generally speaking, the short-term price of soda ash is mainly consolidated. Soda ash in East China is in stable operation for the time being. The current mainstream market price of light soda ash is about 1700-1850 yuan / ton, and the downstream glass mainly purchases soda ash on demand. Generally speaking, the price of short-term soda ash is mainly consolidated.

Demand side: downstream medicine, textile and food mainly purchase sodium bicarbonate on demand, and the price of sodium bicarbonate has been consolidated recently. Analysts of business news agency believe that: in the near future, the overall situation of raw material soda ash is stable with small movements, mainly with narrow fluctuation. The price of downstream glass market rises or drives the demand for soda ash, but there is still a price game between glass market and soda ash, and the short-term situation of soda ash is still consolidation. On the whole, the price of baking soda may still maintain a narrow fluctuation trend in the short term, and the demand of downstream market will be taken into consideration.