Market Overview: The baking soda market rose slightly in April (April 1, 2024 - April 28, 2024). The average monthly price of the baking soda market this month was 1,793.11 yuan/ton, an increase of 31 yuan/ton from the average price of the previous month. tons, an increase of 1.75%. In April, baking soda showed an overall stalemate and stable trend, and began to fluctuate upward at the end of the month. The overall price was highly linked to the trend of soda ash, and was also affected by downstream demand. At the beginning of this month, the cost of soda ash was stable, and the overall price of baking soda did not fluctuate much. The price tended to be low and profit margins were compressed, so the price was mainly weakly stable. In the second half of this month, the price of baking soda was affected by the rising trend of soda ash. The favorable bottom support provided certain impetus, and the market price rebounded slightly. There is still a certain contradiction between the supply and demand of baking soda. The phenomenon of accumulated storage has not been resolved. The price increase has been limited and is currently stable. Lord.
On the supply side: the operating rate of baking soda companies this month was 38.17%, an increase of 17.12% compared with the previous month. As the temperature rises this month, most baking soda manufacturers in Inner Mongolia are preparing to resume work. The overall inventory on site is relatively large and the supply is stable.
On the demand side: In the early part of this month, demand was flat and cold, and downstream companies maintained a wait-and-see attitude. Later this month, affected by the May Day holiday, downstream stocking sentiment improved.
In terms of cost: the domestic soda ash market is dominated by price increases. Affected by the tight delivery operation of many upstream soda ash companies with low storage capacity, the new price of light soda ash is mainly above the price range.
In terms of profit: the price of soda ash increased this month, and the quotations of baking soda companies were adjusted widely. At the same time, the adjustment range was larger than that of soda ash. Therefore, the profit of this month was slightly higher than that of the previous month.（Baichuan Yingfu Information）
