Market overview:
This week (2024.4.12-2024.4.18) the overall market for baking soda has declined slightly. As of Thursday, the average baking soda market price was 1,776 yuan/ton, which was the same as last week's average price. In terms of cost, the price of soda ash has risen slightly recently, but the amplitude is not large, and the bottom cost support is limited. In terms of supply, individual companies have completed maintenance and have continued to resume production in Inner Mongolia. The supply is mainly stable. On the demand side, downstream companies are not in a good mood to receive goods, the pace is slow, the overall market demand is sluggish, and there is a certain contradiction between supply and demand. Industrial-grade prices are stable, while food-grade prices are reduced individually. The overall trading atmosphere on the market is light and stable. It is expected that prices will not fluctuate much next week.
Market price (as of April 18)
The market price of industrial grade baking soda: 1,700-2,150 yuan/ton from manufacturers in Central China; 1,600-2,400 yuan/ton from manufacturers in East China.
Food additive grade baking soda market price: the local market price in Henan is around 1,600 yuan/ton; the mainstream ex-factory price in the Lianghu region is 1,500-2,050 yuan/ton including tax; the early execution order price in the Tianjin market is around 2,100 yuan/ton; the current mainstream market price of baking soda in Shandong is 1,600-2,400 yuan/ton. In addition, the price of Qingdao Alkali Industry’s customized products is obviously different from that of mainstream products, and the price is around 2,400 yuan/ton. The current price in the area adjacent to Qinghai in the west is 1,400-2,000 yuan/ton, the market price in eastern Inner Mongolia and adjacent to the northeastern region is 2,000 yuan/ton; for users in South China, the price of goods within 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. (Baichuan Yingfu)
