Price Trend
According to the monitoring data of business associations, the stable operation of soda ash this week is dominant. The average market price of East China during the week to the weekend was about 1733.33 yuan/ton, up 6.66 yuan/ton from last week, up 0.39%, down 18.37% from last year. The light soda commodity index on September 6 was 88.89, which was the same as yesterday. It was 24.58% lower than the cyclical peak of 117.86 points (2017-11-21), and 40.76% higher than the lowest point of 63.15 on November 18, 2015. (Note: Period refers to 2011-09-01 to date)
II. Market Analysis
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Products: This week, the domestic soda price maintained stable operation, the market was weak and stable, the manufacturers’orders were sufficient. At present, the domestic light alkali mainstream ex-factory price was 1580-1770 yuan/ton; the domestic heavy alkali mainstream to the terminal price was 1750-1850 yuan/ton. This week, the heavy alkali market did not change much, the manufacturers’ shipment situation was relatively smooth, and the market stock was bullish. It is anticipated that manufacturers will implement more end-of-month pricing.
Industry chain: the downstream cryolite plant is running normally at present, the factory stock is sufficient and pressure-free, the ex-factory quotation is temporarily stable; the price of sodium pyrosulfite continues to run at the bottom this week, the overall market is still depressed, the cost of raw materials continues to depress, the upstream and downstream trading entities are cautious in buying and selling as a whole, and the downstream trading entities are watching. Attitude is strong, domestic sodium pyrosulfite market prices continued to operate at a low level this week. This week, the downstream glass industry will welcome gold, silver and silver. Enterprises have a high enthusiasm for production. The glass market enters the traditional peak season, with a steady upward trend and a slight price increase. It is expected that in the traditional peak season, there is still a possibility of partial upward adjustment, with limited space.
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Industry: This week, the domestic soda market reorganizes and operates mainly. The manufacturers of soda plant maintenance have decreased, the starting load has increased, the overall market turnover is mild, the demand for heavy soda is relatively weak and stable, which has brought some support to soda price. In addition, the current stock of enterprises is not high, and some low-end price transactions have increased.
3. Future Market Forecast
Business analysts believe that: this week, the domestic light alkali market has been running steadily, the number of maintenance manufacturers has decreased, the supply of enterprises is relatively stable, and the delivery situation is weak and stable. It is expected that the soda market or narrow-band consolidation will dominate in the short term, depending on the downstream market demand.
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