The soda ash market is weak this week

1、 Price trend
According to the commodity analysis system of Shengyi Society, the price trend of soda ash first fell and then stabilized this week. As of March 28th, the average market price of soda ash was 1480 yuan/ton, a decrease of 0.27% compared to the soda ash price of 1484 yuan/ton on March 22nd, and a decrease of 1.20% compared to the beginning of the month.
2、 Market analysis
The soda ash market has been weak this week. The supply side equipment has resumed operation, and the utilization rate of soda ash production capacity has improved. The market supply has increased, and enterprises are actively shipping. Although the downstream market has risen, the main consumption of inventory is limited, and the demand for soda ash is limited. The actual transactions on site are average, and some regions have poor enterprise shipments, resulting in a slight shift in the focus of soda ash transactions.
As of March 28th, the reference price for the soda ash market in East China is around 1350-1550 yuan/ton for light soda ash, which remains unchanged from last Friday’s price; The reference price for the soda ash market in Central China is around 1300-1550 yuan/ton for light soda ash, a decrease of 30 yuan/ton compared to last Friday.
According to the commodity analysis system of Shengyi Society, the downstream glass market has seen a narrow upward trend. From March 22nd to 28th, the price of glass increased from 15.12 yuan/square meter to 15.21 yuan/square meter, an increase of 0.60%. The glass market has little fluctuation in production, with an increase in downstream demand, stable market trading, a narrow reduction in glass inventory, and a strong upward trend in market prices.
Future forecast: Domestic soda ash facilities will resume operation, capacity utilization rate will increase to a medium to high level, market supply performance will be sufficient, downstream enthusiasm for entering the market is not high, and there will be a game of supply and demand in the market. It is expected that the short-term soda ash market will be weak and consolidated, and specific attention will be paid to downstream demand follow-up.