1、 Price trend

According to the commodity market analysis system of Business Society, the price of baking soda was weak this week, with an average market price of 2450 yuan/ton at the beginning of the week and 2392 yuan/ton on the weekend, a price drop of 2.37%, and a year-on-year decrease of 1.77%. On March 7th, the baking soda commodity index was 158.85, a decrease of 1.64 points from yesterday, a decrease of 32.65% from the highest point in the cycle of 235.84 points (2021-11-10), and an increase of 79.96% 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 downstream markets are purchasing on demand in the near future. Currently, the price of baking soda in China is running weakly, with the mainstream market quotation of around 1900-2400 yuan/ton. According to the Commodity Analysis System of Business Society, the price of soda ash has been weak this week. The average market price at the beginning of the week was 2190 yuan/ton, and the average market price over the weekend was 2040 yuan/ton, a decrease of 6.85%, a decrease of 26.62% compared to the same period last year..

Analysts from Business Society believe that the price of baking soda has been weak in recent times, with weak performance in the upstream raw material soda ash sector. Downstream pharmaceutical, textile, food and other sectors of baking soda have recently made more purchases according to demand, replenishing inventory in an appropriate amount, without any positive support. It is expected that baking soda prices will mainly fluctuate in the later stage, depending on downstream market demand.