1、 Price trend
According to the commodity analysis system of Shengyi Society, the price trend of soda ash remained stable this week. As of January 24th, the average market price of soda ash was 1494 yuan/ton, which was the same as the January 20th soda ash price of 1494 yuan/ton and a decrease of 2.23% from the beginning of the month.
2、 Market analysis
This week, the soda ash market has remained stable with small fluctuations. The on-site equipment is running smoothly, with sufficient inventory of soda ash, and manufacturers are mainly maintaining shipments. The downstream market is declining, and support for soda ash is weak. The market trading atmosphere is average, and there is a game of supply and demand in the on-site market, resulting in slight fluctuations in soda ash prices.
As of January 24th, the reference price for the soda ash market in East China is around 1400-1500 yuan/ton for light soda ash, with a price increase of 20 yuan/ton; The reference price for the soda ash market in Central China is around 1350-1480 yuan/ton for light soda ash, with a price increase of 20 yuan/ton.
According to the commodity analysis system of Shengyi Society, the downstream glass market is running weakly. From January 20th to 24th, glass prices fell from 16.48 yuan/square meter to 16.30 yuan/square meter, a decrease of 1.09%. In the latter half of the month, the glass market maintained stable production, with an increase in market inventory. Downstream pre holiday stocking is coming to an end, and manufacturers’ shipments have weakened, leading to a downward trend in glass prices.
Future forecast: Currently, domestic soda ash inventory is high, spot alkali factory sales are under pressure, downstream pre holiday stocking sentiment is weakened, market trading is limited, and industry players are adopting a wait-and-see attitude. It is expected that soda ash will operate weakly and steadily in the short term, and specific attention will be paid to downstream demand follow-up.
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