1、 Price trend
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According to the monitoring data of the business community, the price of sodium bicarbonate has been running at a high level recently. From the beginning of the week to the end of the week, the average price in the domestic market is 1616.67 yuan / ton. On March 25, the commodity index of sodium bicarbonate was 107.30, unchanged from yesterday, down 11.82% from 121.68 (2020-10-21), the highest point in the cycle, and up 21.56% 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 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 main market price of light soda is about 1750-1850 yuan / ton. In Central China, the main market price of light soda is about 1600-1750 yuan / ton. In East China, the main market price of light soda is about 1650-1750 yuan / ton. The demand of downstream glass for soda is relatively stable. It is expected that the price of soda will be strong in the short term.
Demand side: downstream medicine, textile and food demand for sodium bicarbonate is fair, and the price of sodium bicarbonate has been strong recently. Analysts from business news agency believe that: in the near future, soda ash as a raw material has been sorted out temporarily and operated strongly, while the demand of downstream market is acceptable. In general, the price of sodium bicarbonate may maintain the consolidation trend in the short term, and the specific demand of downstream market.
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