In March, the overall upward trend of China's Sodium Bicarbonate price was dominated

In March, the price of sodium bicarbonate was mainly upward. The average market price at the beginning of the month was 1496.67 CNY / ton, and that at the end of the month was 1616.67 CNY / ton, up 8.02%. On March 29, the commodity index of baking soda was 107.30, flat with yesterday, down 11.82% from 121.68 (2020-10-21), the highest point in the cycle, and up 21.56% from 88.27, the lowest point on December 22, 2020. (Note: cycle refers to the period from September 1, 2020 to now).

Raw materials: the price of soda ash rose in March. The average market price at the beginning of the month was about 1586 CNY / ton, and that at the end of the month was about 1736 CNY / ton, up 9.46%. In east of China, market price of light soda ash is 1700-1800 CNY / ton. In North China, soda ash mainly operates in a narrow range, and the current mainstream market price of light soda ash is about 1750-1850 CNY / ton. In Central China, soda ash mainly fluctuates in a narrow range. The current mainstream market price of light soda ash is about 1600-1750 CNY / ton. The demand of downstream glass for soda ash is relatively stable. It is expected that soda ash price will be strong in the short term. At the beginning of the month, the price of soda ash rose, which led to the rise of the price of baking soda.

Demand side: downstream medicine, textile and food demand for sodium bicarbonate is fair, and the price of sodium bicarbonate has been strong recently.

Raw material soda ash price is up, baking soda prices follow the rise. However, in the near future, soda ash as a raw material has been consolidated temporarily and operated strongly. The downstream market mainly purchases soda ash on demand. Generally speaking, the price of soda ash may maintain a consolidation trend in the short term, and the specific situation depends on the demand of the downstream market.