Market overview: This week (2024.5.24-2024.5.30), the overall market price of baking soda fell slightly. As of Thursday, the average market price of baking soda was 1,828 yuan/ton, down 0.71% 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, the operating rate fluctuated slightly, but not significantly. The manufacturer has sufficient supply and there is an overstock situation. On the demand side, the enthusiasm of downstream companies to obtain goods remains sluggish, and the trend has not improved this week. The overall actual order trading remains in the form of small orders for rigid demand, 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 little next week.
Market price (as of May 30)
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 current mainstream market price of baking soda in Shandong is 1,600-2,400 yuan/ton. In addition, Qingdao Alkali Industry has a significant price difference between customized products and mainstream products, and the price is around 2,400 yuan/ton;the current price in the area adjacent to Qinghai in the west is 1,600-2,000 yuan/ton. The market price in the northeastern region of eastern Inner Mongolia 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)
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