1、 Price trend

According to the monitoring data of business agency, the price of domestic baking soda is weak. From November 16 to November 20, the average price in the domestic market was 1556.67 yuan / ton. On November 19, the bicarbonate commodity index was 103.32, flat with yesterday, down 15.09% from 121.68 (October 21, 2020), and 3.32% higher than the lowest point of 100.00 on September 06, 2020. (Note: cycle refers to September 1, 2020 to now)

2、 Market analysis

According to the business club, the price of baking soda is weak. At present, the price of sodium bicarbonate in Henan Province is falling, and the mainstream market quotation is about 1350-1500 yuan / ton, and the downstream demand is general. It is expected that the price of baking soda will be slightly consolidated in the near future. The price of sodium bicarbonate in Hebei Province has been lowered, and the mainstream quotation in the market is about 1450-1600 yuan / ton, and the downstream is mostly purchased on demand.

As for raw materials, the domestic soda ash market is temporarily stable, the market atmosphere is light, the downstream manufacturers are cautious and wait-and-see attitude, and it is expected that the weak operation of soda ash in the later stage will be dominated. The price of soda ash in North China is weak. The mainstream market price of light soda ash is about 1750-1850 yuan / ton. The market atmosphere is general and the overall downstream manufacturers are cautious. It is expected that the price of soda ash will be stable in the short term. The price of light soda ash is about 1700-1800 yuan / ton. The market atmosphere is general. The overall downstream manufacturers are cautious. It is expected that the price of soda ash will be weak and stable in the short term.

Demand: in the downstream, the demand for sodium bicarbonate in medicine, textile and food is weak, and the price of sodium bicarbonate is weak. According to the analysts of the business agency, the domestic soda ash market is temporarily stabilized, the market atmosphere is light, the downstream manufacturers are cautious and wait-and-see attitude is the main factor, and it is expected that the weak operation of soda ash will be the main trend in the later stage. In terms of downstream, the demand for sodium bicarbonate in medicine, textile and food is not strong, and the transaction of sodium bicarbonate is general. It is expected that the price of sodium bicarbonate will be mainly weak and stable in the later stage.