In mid to late June, the price of soda ash continued to decline

1、 Price trend

According to the Commodity Analysis System of Business Society, the price of soda ash continued to decline in mid to late June. As of June 27th, the market average price was 2090 yuan/ton. Compared with the market average price of 2170 yuan/ton on June 11th, the price decreased by 3.69% and increased by 6.63% compared to the same period last year. On June 27th, the commodity index of light soda ash was 107.18, unchanged from yesterday, a decrease of 43.32% from the highest point in the cycle of 189.10 points (2021-11-07), and an increase of 69.72% from the lowest point of 63.15 points on November 18, 2015. (Note: The cycle refers to the period from September 1st, 2011 to present)

2、 Market analysis

According to the commodity analysis system of Shengyishe, the price of soda ash was weak and declined in the middle and late stages. Downstream purchasing enthusiasm is not high, with more market entry and on-demand follow-up, limited market trading, poor enterprise shipments, continuous accumulation of inventory, oversupply and mutual love, and continuous decline in soda ash prices. As of June 27, 2024, the prices of soda ash in East China have mainly stabilized, with mainstream market quotations for light soda ash around 2000-2250 yuan/ton. The prices of soda ash in Central China have also stabilized, with mainstream market quotations for light soda ash around 1900-2100 yuan/ton.

In terms of demand: According to the commodity analysis system of Business Society, glass prices first rose and then fell in the middle and late stages. On June 11th, the market average price was 20.20 yuan/square meter, and on June 27th, the market average price was 19.82 yuan/square meter, with a price drop of 1.88%. Downstream procurement of glass is on demand, with limited market support.

According to the price monitoring of Business Society, in the 25th week of 2024 (6.17-6.21), there were 0 products that rose, 4 products that fell, and 3 products that rose or fell to 0 on the chlor alkali industry price list. The main commodities falling include PVC (-1.28%), light soda ash (-0.71%), and baking soda (-0.51%). The average increase and decrease this week is -0.43%..

According to the commodity analysis system of Business Society, the current price of pure alkali is temporarily stable, with slight fluctuations in spot alkali plant equipment, and a high utilization rate of supply capacity. Downstream demand is weak, and multi-dimensional support is needed to replenish inventory. Overall, it is expected that soda ash may be weakly consolidated in the later stage, depending on downstream market demand.