1、 Price trend
According to monitoring data from Business Society, the price of baking soda has been weak and consolidating this month, with an average market price of 2275 yuan/ton at the beginning of the month and around 2150 yuan/ton at the end of the month. The price has decreased by 5.49%, a year-on-year decrease of 17.31%. On October 26th, the baking soda commodity index was 142.70, a decrease of 0.83 points from yesterday, a decrease of 39.49% from the cycle’s highest point of 235.84 points (2021-11-10), and a 61.66% increase from the lowest point of 88.27 points on December 22, 2020. (Note: The cycle refers to the period from September 1st, 2020 to the present)
2、 Market analysis
According to the Business Society. The current price of baking soda in Henan region is around 1900-2200 yuan/ton, which is the mainstream market quotation. Raw materials: According to monitoring data from Business Society, the price of soda ash was relatively weak in October. The average market price of light soda ash at the beginning of the month was 3090 yuan/ton, while the average market price at the end of the month was around 2550 yuan/ton. The price decreased by 17.48%, a decrease of 4.14% compared to the same period last year.
Analysts from Business Society believe that the price of baking soda has recently consolidated and operated, with sufficient supply of baking soda. The upstream raw material of soda ash has recently been weak, and downstream pharmaceutical, textile, food and other aspects of baking soda need to be mainly purchased on demand in the near future. Overall, it is expected that the price of baking soda will be mainly consolidated and operated in the future, depending on the downstream market demand.
| http://www.polyvinylalcohols.com |