The price of Chinese Sodium Bicarbonate was relatively stable last week

Sodium Bicarbonate prices were mainly in the recent consolidation operation. At the beginning of the last week, the average market price was 1576.67 CNY / ton, while at the end of the last week, the average market price was 1586.67 CNY / ton, up 0.63%. On June 18, the commodity index of Sodium Bicarbonate was 105.31, which was the same as Jun.17, down 13.45% from 121.68 (2020-10-21), the highest point in the cycle, and up 19.30% from 88.27, the lowest point on December 22, 2020（ Note: period refers to the period from September 1, 2020 to now)

Domestic Soda Ash price is under consolidation operation. The overall trading atmosphere of Soda Ash is acceptable, and the manufacturers are mainly active in cargo delivery. The strong price of Glass has a favorable support for Soda Ash, but Soda Ash is still mainly purchased on demand. In the downstream, medicine, textile and food mainly purchase baking soda on demand. Generally speaking, the price of baking soda may still maintain a narrow consolidation trend in the short term, depending on the downstream market demand.