1、 Price trend

According to the Commodity Market Analysis System of Business Society, the average market price of baking soda on June 17th was 2376 yuan/ton, and on June 24th it was 2334 yuan/ton, a decrease of 1.77% and an increase of 21.25% compared to the same period last year. On June 23, the baking soda commodity index was 156.90, unchanged from yesterday, a decrease of 33.47% from the cycle’s highest point of 235.84 points (2021-11-10), and an increase of 77.75% from the lowest point of 88.27 points on December 22, 2020. (Note: The cycle refers to the period from September 1, 2020 to present)

2、 Market analysis

According to the commodity analysis system of Business Society, the price of baking soda is weak and the market is running smoothly, and the company’s shipment is still acceptable. Currently, the price of baking soda in China is weak, and downstream demand is average. Upstream: According to the commodity analysis system of Business Society, the price of soda ash has been running weakly this week. The average market price at the beginning of the week was 2120 yuan/ton, while the average market price over the weekend was 2105 yuan/ton, a decrease of 0.71% and an increase of 7.4% compared to the same period last year.

Analysts from Business Society believe that the price of baking soda has been weak in recent times, and the upstream raw material soda ash has been weak in recent times. Downstream pharmaceutical, textile, food, and other sectors of baking soda have been purchasing on demand, with average demand enthusiasm and a supply-demand game. Overall, it is expected that the price of baking soda will be weak in the future, depending on the downstream market demand.