1、 Price trend
According to the monitoring data of the business community, the price of baking soda is stable for the time being. On February 22, the average price in domestic market was 1496.67 yuan / ton. On February 21, the commodity index of baking soda was 99.34, unchanged from yesterday, down 18.36% from 121.68 (2020-10-21), the highest point in the cycle, and up 12.54% from 88.27, the lowest point on December 22, 2020. (Note: cycle refers to the period from September 1, 2020 to now)
2、 Market analysis
According to the news agency, the price of sodium bicarbonate runs smoothly, and the downstream market shipment is fair. At present, the price of sodium bicarbonate in Henan is about 1420-1600 yuan, which is the mainstream price 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 1350-1550 yuan / ton, which is the mainstream price in the market, and the downstream demand is acceptable.
In terms of raw materials: the domestic soda production started slowly after the festival, but the market atmosphere is still relatively light. The downstream manufacturers are cautious and wait-and-see attitude is dominant. It is expected that in the later stage, the operation of soda production will be mainly stable and small. The price of soda ash in North China is temporarily stable. The current mainstream market price of light soda ash is about 1450-1550 yuan / ton. During the Spring Festival, there are few inquiries and transactions. It is expected that the price of soda ash will be temporarily stable in the short term. The price of soda ash in Central China is stable with small movements. The current mainstream market price of light soda ash is about 1300-1400 yuan / ton. During the Spring Festival, there are few inquiries and transactions. It is expected that the price of soda ash will be stable with small movements in the short term.
Demand side: downstream medicine, textile, food demand for baking soda is fair, baking soda prices temporarily stable. Analysts of business news agency think: the domestic soda market is temporarily stable after the festival, the market atmosphere is light, and the market has not changed greatly. The downstream manufacturers are cautious and wait-and-see attitude is dominant. It is expected that the general market operation of soda will be maintained in the later period. The situation of soda ash in the upstream is more stable than that in the downstream. In general, the short-term price of sodium bicarbonate may maintain a temporary stable trend, and in particular, it depends on the demand of the downstream market.
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