1、 Price trend
According to the monitoring data of the business community, the price of sodium bicarbonate has been running at a high level recently. On March 18, the average price in the domestic market was 1616.67 yuan / ton. On March 17, the commodity index of baking soda was 106.64, up 2.88 points from yesterday, down 12.36% from the highest point of 121.68 points (2020-10-21) in the cycle, and up 20.81% from the lowest point of 88.27 points on December 22, 2020. (Note: cycle refers to the period from September 1, 2020 to now)
2、 Market analysis
According to the business community, the price of sodium bicarbonate is running at a high level, and the shipment in the downstream market is fair. At present, the price of sodium bicarbonate in Henan is about 1550-1700 yuan, which is the mainstream quotation 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 1550-1650 yuan / ton, which is the mainstream price in the market, and the downstream demand is acceptable.
Raw materials: according to the monitoring data of the business community, the domestic soda price is strong. The price of soda ash in East China is strong, and the current mainstream market price of light soda ash is about 1650-1750 yuan / ton. The price of soda ash in North China is strong, and the current mainstream market price of light soda ash is about 1650-1800 yuan / ton. The price of soda ash in Central China is strong. The current mainstream market price of light soda ash is about 1600-1700 yuan / ton. The demand for soda ash is relatively stable due to the increase of downstream glass price. It is expected that the price of soda ash will be strong in the short term.
Demand side: downstream medicine, textile and food demand for bicarbonate is fair, and the price of bicarbonate has strengthened after the recent rise. Analysts from business news agency think: in the near future, the price of raw material soda ash has gone up, which is relatively strong, and the demand of downstream market is fair. Generally speaking, the price of sodium bicarbonate may maintain a strong trend in the short term, and the specific situation depends on the demand of downstream market.
| PVA |