SunSirs: The Weak Operation of Baking Soda is due to the General Downstream Demand

https://www.chemnet.com   Aug 15,2024

Price trend

According to the commodity market analysis system of SunSirs, the average market price of baking soda was 2,060 RMB/ton on August 12. The baking soda commodity index on August 11 was 139.91, the same as yesterday, down 40.68% from the highest point of 235.84 points in the cycle (2021-11-10), and up 58.50% from the lowest point of 88.27 points on December 22, 2020. (Note: The cycle refers to 2020-09-01 to date)

Market analysis

According to the commodity analysis system of SunSirs, the price of baking soda is running weakly, and the company's shipments are still OK. The price of baking soda in Henan Province has fallen, and the ex-factory price of baking soda in Henan Province is about 1,500-1,600 RMB/ton. Due to poor downstream demand, it is expected to be mainly weak in the later period. Upstream: According to the commodity analysis system of SunSirs, the price of soda ash is running weakly this week. The current market average price is 1,874 RMB/ton.

Analysts at SunSirs believe that the price of baking soda has been weak recently, and the upstream raw material soda ash has been weak recently. The downstream pharmaceutical, textile, and food industries of baking soda have been purchasing on demand recently, and the demand enthusiasm is average. The game between supply and demand predicts that the price of baking soda will be weak in the later period, depending on the downstream market demand.

If you have any questions, please feel free to contact SunSirs with?support@SunSirs.com

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