1、 Price trend
| PVA 1799 (PVA BF17) |
According to the monitoring data of the business agency, the price of domestic baking soda has stabilized temporarily this week. The average price of domestic market is 1506.67 yuan / ton from the beginning of the week to the end of the week. On September 3, the bicarbonate commodity index was 100.00, which was the same as yesterday, setting an all-time high in the cycle, up 0.00% from the lowest point of 100.00 on September 02, 2020. It reached a new low in the cycle, down 0.00% from the peak of 100.00 on September 2, 2020. (Note: cycle refers to September 1, 2020 to now)
2、 Market analysis
According to the business agency, the price of sodium bicarbonate has been running steadily after the early rising trend. At present, the price of sodium bicarbonate in Henan is temporarily stable, and the mainstream quotation in the market is about 1450-1600 yuan / ton. The price of sodium bicarbonate is rising, and the downstream demand is fair. It is expected that the price will slightly consolidate in the near future. The price of sodium bicarbonate in Hebei is stable. The mainstream quotation is about 1200-1400 yuan / ton. The price of sodium bicarbonate is temporarily stable. The downstream is mainly purchased on demand. It is expected that the price will be stable in the near future.
| PVA FIBER |
Raw materials: according to the understanding of the business agency, the price of soda ash manufacturers increased last week. First, according to the spirit of the association meeting, the price of light alkali increased by 200 yuan / ton, and that of heavy soda increased by 400 yuan / ton. This week, the trend of domestic soda ash market is relatively strong, and the price of enterprises has increased greatly. The market atmosphere is flat, downstream demand has improved, and manufacturers are mainly active in shipping. Second, domestic soda ash inventory declined. According to statistics, the total inventory of domestic soda manufacturers was 842100 tons, down 90400 tons month on month. From the supply side, affected by natural disasters and other factors, the number of maintenance enterprises has increased recently. The domestic total operating rate is about 70%.
Demand: in the downstream, the demand for sodium bicarbonate in medicine, textile and food is fair, while the price of sodium bicarbonate goes up. Business agency analysts believe that: the price of raw material soda ash in the upstream is rising steadily at this stage, and the demand for sodium bicarbonate in medicine, textile and food in the downstream is fair. It is expected that the price of sodium carbonate will be mainly stable in the later stage.
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