1、 Price trend

According to monitoring data from Shengyi Society, the price of baking soda has been running weakly this month. The average market price at the beginning of the month was 1498 yuan/ton, and the average market price at the end of the month was around 1290.4 yuan/ton, a decrease of 13.86% and a year-on-year decrease of 45.24%. On April 29th, the Business Society Baking Soda Index was 85.90, unchanged from yesterday and hitting a historic low for the cycle, a decrease of 63.58% from the highest point of 235.84 on November 10, 2021. (Note: Cycle refers to September 1, 2020 to present)
2、 Market analysis
According to the commodity analysis system of Shengyi Society, the price of baking soda is running weakly, and the company’s shipments are still acceptable. The price of baking soda in Henan region is running weakly, with a factory price of 1300-1450 yuan/ton in Henan region and 1400-1600 yuan/ton in Shandong region. Due to downstream demand based procurement, it is expected that consolidation and operation will be the main focus in the later stage. Raw materials: According to monitoring data from Business Society, the overall price of soda ash fell in April. At the beginning of the month, the average market price of light soda ash was 1434 yuan/ton, and at the end of the month, the average market price was around 1408 yuan/ton, a decrease of 1.81% compared to the same period last year, which was 30.64%.
Business analysts believe that the price of baking soda has been weak in recent times, with the overall weak performance of upstream raw material soda ash in March. Downstream industries such as pharmaceuticals, textiles, and food have been purchasing on demand recently, with average demand enthusiasm and a supply-demand game. Overall, it is expected that baking soda prices will mainly fluctuate in the later period, depending on downstream market demand.