Market overview:
This week (2024.5.17-2024.5.23), the overall market for baking soda is mainly in a stalemate. As of this Thursday, the average market price of baking soda is 1,841 yuan/ton, which is unchanged from last week's average price. In terms of cost, the actual order price of soda ash has been running at a high level recently, and the price has risen again in some areas. The price of light alkali has provided support for the bottom cost of baking soda. In terms of supply, most of the manufacturers' installations are operating normally, the operating rate has fluctuated slightly, and the supply is sufficient. On the demand side, the enthusiasm of downstream companies to obtain goods remains sluggish, the overall actual order transaction is deserted, and shipments are not smooth and inventory is backlogged. Industrial grade prices are stable, food grade prices are stable, and prices are expected to fluctuate and stabilize next week.
Market price (as of May 23)
The market price of industrial-grade baking soda: manufacturers in Central China pay 1,750-2,150 yuan/ton; manufacturers in East China pay 1,750-2,400 yuan/ton.
Food additive grade baking soda market price: The local market price in Henan is around 1,800 yuan/ton; the mainstream ex-factory price in the Lianghu region is 1,600-2,050 yuan/ton including tax; the early execution order price in the Tianjin market is around 2,100 yuan/ton; the small-scale price in Shandong region. The current mainstream price of soda in the market is 1,600-2,400 yuan/ton. In addition, due to the obvious price difference between Qingdao Alkali Products' customized products and mainstream products, the price is around 2,400 yuan/ton; the current price in the area adjacent to Qinghai in the west is 1,600-2,000 yuan/ton. In the eastern part of Inner Mongolia and adjacent to the northeastern region, the market price is 2,000 yuan/ton; for users in South China, the price of goods from inside and outside the province is 2,000-2,400 yuan/ton.
Market price of feed-grade baking soda: the mainstream ex-factory price including tax is around 2,400-3,000 yuan/ton. The ex-factory price of pharmaceutical grade baking soda including tax ranges widely depending on the category, ranging from 3,000-10,000 yuan/ton. The annual industry output is about 20,000 tons. The expected demand growth is related to national conditions and policies.（BAIINFO）
