1、 Price trend

According to the commodity market analysis system of Business Society, the average price of baking soda in the market is 2224 yuan/ton. On July 8th, the baking soda commodity index was 147.61, unchanged from yesterday, a decrease of 37.41% from the cycle’s highest point of 235.84 points (2021-11-10), and an increase of 67.23% 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 the market is running smoothly, and the company’s shipment is still acceptable. At present, the price of baking soda in China is operating weakly, with the mainstream market average price of around 1900-2300 yuan/ton, and downstream demand is average. Upstream: According to the commodity analysis system of Business Society, the price of soda ash has been running weakly this week. The average market price is 1956 yuan/ton.

Analysts from Business Society believe that the price of baking soda has been weak in recent times, and the upstream raw material soda ash has been weak in recent times. Downstream pharmaceutical, textile, food, and other sectors of baking soda have been purchasing on demand, with average demand enthusiasm and a supply-demand game. Overall, it is expected that the price of baking soda will be weak in the future, depending on the downstream market demand.