1、 Price trend

According to the monitoring data of business society, the price of baking soda is rising. On September 25, the commodity index of baking soda was 178.76, unchanged from yesterday, hitting a record high in the cycle, up 102.52% from the lowest point of 88.27 on December 22, 2020. (Note: the period refers to the period from September 1, 2020 to now)

2、 Market analysis

According to the business agency, the price of baking soda is strong, and the price continues to rise. First, due to the dual control policy, the price of raw soda increases and the supply decreases. Second, in the downstream, the demand for baking soda in medicine, textile and food has improved recently. Generally speaking, the price of baking soda is running better in the short term, depending on the demand of the downstream market.