1、 Price trend
| Gamma-PGA (gamma polyglutamic acid) |
According to the commodity analysis system of Shengyi Society, the price of soda ash has slightly decreased this week. On July 19th, the average market price of soda ash was 1936 yuan/ton, a decrease of 1.02% compared to the price of 1956 yuan/ton on July 12th, and a decrease of 3.01% compared to the beginning of the month. On July 19th, the light soda ash commodity index was 100.31, unchanged from yesterday, a decrease of 46.95% from the cycle’s highest point of 189.10 points (2021-11-07), and an increase of 58.84% from the lowest point of 63.15 points on November 18, 2015. (Note: The cycle refers to the period from September 1, 2011 to present).
2、 Market analysis
According to the commodity analysis system of Shengyi Society, the soda ash market has been consolidating and declining this week. On the supply side, the capacity utilization rate has slightly decreased this week, but it is still at a high level. The production of soda ash is high, and the market inventory is sufficient; On the demand side, the terminal market continues to operate weakly, downstream enthusiasm is not high, and on-demand follow-up is the main focus. The market trading atmosphere is weak, and enterprise shipments are limited. Under the supply-demand game, the price of soda ash fluctuates slightly and decreases. As of July 19th, the price of soda ash in East China remained stable, with the mainstream market price for light soda ash ranging from 1900-2150 yuan/ton. The price of soda ash in Central China remained stable, with the mainstream market price for light soda ash ranging from 1750-2000 yuan/ton.
On the demand side: According to the commodity analysis system of Shengyi Society, glass prices continue to decline. As of July 19th, the market average price was 17.84 yuan/square meter, a decrease of 3.25% compared to the market average price of 18.44 yuan/square meter on July 12th. Downstream demand for glass is weak, with on-demand procurement leading to a weak glass price trend.
According to the price monitoring of Shengyi Society, in the 29th week of 2024 (7.15-7.19), there were 0 products that rose, 4 products that fell, and 3 products that rose or fell zero in the chlor alkali industry price list. The main commodities experiencing a decline are: calcium carbide (-1.84%), light soda ash (-1.02%), baking soda (-0.90%), and PVC (-0.61%).
According to the commodity analysis system of Shengyi Society, the price of soda ash is in a stalemate and consolidation, with a high operating rate of spot alkali plants and sufficient market supply. Downstream demand is weak, and multidimensional demand for rigid needs is replenished. Soda ash inventory is generally depleted, and it is expected that soda ash will operate weakly in the later stage, depending on downstream market demand.
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