1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the price of baking soda remained stable on July 29th, with a market average price of 1253 yuan/ton, a decrease of 41.61% compared to the same period last year. On July 28th, the Business Society Baking Soda Index was 83.16, unchanged from yesterday and hitting a historic low within the cycle, a decrease of 64.74% from the highest point of 235.84 on November 10, 2021. (Note: Cycle refers to September 1, 2020 to present)
2、 Market analysis
According to the commodity analysis system of Shengyi Society, the price of baking soda is temporarily stable and the market is running, and the shipment of enterprises is still acceptable. The price of baking soda in Henan region is running weakly, with a factory price of 1200 yuan/ton in Henan region and 1200-1300 yuan/ton in Shandong region. Due to downstream demand driven procurement, it is expected that weak operations will be the main focus in the later stage. Upstream: According to the commodity analysis system of Shengyi Society, the price of soda ash is running steadily. The current market average price is 1302 yuan/ton, a decrease of 31.62% compared to the same period last year, and downstream purchases are mostly made on demand.
Business Society analysts believe that the price of baking soda has been stable in recent times, while the upstream raw material soda ash has been strong in recent times. Downstream industries such as pharmaceuticals, textiles, and food have been purchasing on demand, with average demand enthusiasm. Overall, it is expected that the price of baking soda will mainly consolidate in the later stage, depending on downstream market demand.

Recently (7.22~7.28), the butadiene rubber market has slightly increased. According to the commodity market analysis system of Shengyi Society, as of July 28, the butadiene rubber market price in East China was 12200 yuan/ton, an increase of 0.74% from 12110 yuan/ton on July 22. The price of raw material butadiene has been adjusted narrowly, and the cost of butadiene rubber still has support; The production of butadiene rubber is basically stable; The downstream tire production is basically stable, and there is a strong demand for support for butadiene rubber. As of July 28th, the mainstream prices for Qilu, Daqing, Sichuan, and Yangtze Shunding in East China were 11850-12300 yuan/ton.
Recently (7.22~7.28), the price of butadiene has fluctuated narrowly, and the cost of butadiene rubber still remains supported. According to the Commodity Market Analysis System of Shengyi Society, as of July 28th, the price of butadiene was 9466 yuan/ton, a decrease of 0.35% from 9500 yuan/ton on July 22nd. The high point during the cycle was 9583 yuan/ton, and the low point during the cycle was 9400 yuan/ton.
Recently (7.22~7.28), the domestic Shunding plant has been operating steadily, at around 6.70%. Some plants are planned to be shut down for maintenance in the later stage, which will alleviate the pressure on the supply side of Shunding rubber.
Demand side: Recently (7.22~7.28), the overall stability of downstream tire production has provided essential support for the butadiene rubber market. As of July 25th, the construction of semi steel tires by domestic tire companies has slightly increased to around 7.5%; The construction of all steel tires by tire companies in Shandong Province has slightly increased to around 6.5%.
Market forecast: From a fundamental perspective, analysts from Shengyi Society believe that the raw material butadiene market will consolidate narrowly, and the cost of butadiene rubber will continue to be supported; The downstream tire production is basically stable, and the demand side is just in need of support. With the significant increase in the price of butadiene rubber since July, the downstream is gradually observing the high priced sources of goods, and it is expected that butadiene rubber will face adjustments in the short term.

This week, the fundamentals are still weak, but inventory is still controllable. At the same time, suppliers continue to raise prices, contract demand is stable, and spot buying is still insufficient. The domestic acrylonitrile market remains deadlocked. As of July 25th, the mainstream negotiation for container self pickup at East China ports is between 8000-8100 yuan/ton, which is the same as last week; The short distance delivery to the Shandong market is negotiated at around 7900-8000 yuan/ton, which is the same as last week.
There are still expectations of supply growth in the short term:
According to statistics, as of July 24th, the weekly capacity utilization rate of domestic acrylonitrile factories was 74.77%, a decrease of -1.36% compared to last week. The weekly output was about 81600 tons, a decrease of 1400 tons from the previous cycle.
The fundamentals remain weak, with local inventories continuing to rise, but overall they are still manageable. According to statistics, as of July 23, the sample inventory of acrylonitrile factories in China was 50600 tons, an increase of+0.16 million tons from last week.
Weakening demand in small and medium-sized downstream sectors:
The capacity utilization rate of the main downstream industries of acrylonitrile varies, and the downstream acrylamide industry has seen a decrease in production, resulting in weakened demand in small and medium-sized downstream sectors. The utilization rate of ABS production capacity was 66.82%, an increase of 0.92% compared to last week; The capacity utilization rate of acrylic fiber enterprises was 68.62%, unchanged from last week; The utilization rate of acrylamide production capacity was 45.24%, which was 4.66% higher than last week.
Low volatility of propylene prices:
During the week, the price of propylene fluctuated at a low level, and the weekly production cost of acrylonitrile increased slightly. According to statistics, the average production cost of acrylonitrile this week was 8751 yuan/ton, with a month on month increase of 0.41%. The average weekly profit of acrylonitrile production during the same period was -700 yuan/ton, with a month on month decrease of -60 yuan/ton. The production loss situation continues.
Overall, cost support is slightly insufficient, supply is still expected to grow, and downstream demand is weakened. It is expected that the short-term supply and demand relationship of acrylonitrile will continue to be weak, and the market will remain stagnant and weak.

According to the Commodity Market Analysis System of Shengyi Society, since July, the domestic palm oil market has fluctuated upwards with ups and downs. On July 1st, the average market price of palm oil was 8600 yuan/ton, and on July 24th, the average market price of palm oil was 9172 yuan/ton, with a price increase of 6.65%.
Lido is still steadily rising in the palm oil market
Since July, the palm oil market has fluctuated and risen. Malaysia’s palm oil sector remains mainly bearish. Among them, from July 1st to 20th, 2025, the palm oil production in South Malaysia increased by 6.19% month on month, while the palm oil export volume in Malaysia decreased by 3.5% to 7.3% month on month. The bearish trend is dominant, and the boost effect of palm oil in the external market is limited. Supported by rigid demand for palm oil domestically, the futures market is heating up, while the spot market is steadily rising. As of July 24th, the average price of palm oil in the market was 9172 yuan/ton, with a price increase of 500 yuan/ton.
The palm oil analyst from Shengyi Society believes that at the end of July, there will be an increase in demand for terminal oils, and the palm oil market in major producing countries will continue to strengthen in the future.

1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, on July 23rd, the price of baking soda remained stable, with an average market price of 1253.6 yuan/ton, a decrease of 42.86% compared to the same period last year. On July 22, the Business Society Baking Soda Index was 83.20, unchanged from yesterday and hitting a historic low within the cycle, a decrease of 64.72% from the highest point of 235.84 on November 10, 2021. (Note: Cycle refers to September 1, 2020 to present)
2、 Market analysis
According to the commodity analysis system of Shengyi Society, the price of baking soda is running steadily, and the company’s shipments are still acceptable. The price of baking soda in Henan region is running weakly, with a factory price of 1200 yuan/ton in Henan region and 1200-1300 yuan/ton in Shandong region. Due to downstream demand driven procurement, it is expected that weak operations will be the main focus in the later stage. Upstream: According to the commodity analysis system of Shengyi Society, the price of soda ash is operating steadily. The current market average price is 1166 yuan/ton, a decrease of 39.46% compared to the same period last year, and downstream purchases are mostly made on demand.
Business Society analysts believe that the price of baking soda has been consolidating recently, with the upstream raw material soda ash generally operating in the near future. Downstream baking soda is mostly purchased on demand in pharmaceuticals, textiles, food, and other fields, with average demand enthusiasm. Overall, it is expected that the price of baking soda will mainly consolidate in the later stage, depending on downstream market demand.