The overall soda ash market is weak this week

1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of light soda ash has fallen this week. As of September 27th, the average market price of soda ash was 1614 yuan/ton, a decrease of 46 yuan/ton compared to the beginning of the week price of 1660 yuan/ton, a decrease of 2.77%, and a decrease of 10.83% compared to the beginning of the month.

2、 Market analysis

According to the commodity analysis system of Shengyi Society, the overall soda ash market has been weak this week. On the supply side, the equipment of maintenance enterprises has resumed operation, the utilization rate of soda ash production capacity has been improved, the market supply of goods has increased, the pressure on manufacturers’ inventory is greater, and the focus of soda ash transactions continues to shift downwards; On the demand side, downstream demand first fell and then stabilized, with limited demand for soda ash. Prior to the holiday, downstream demand was replenished as needed, and some soda ash companies shipped some products. In some regions, soda ash prices were raised. On September 27th, the price of soda ash in East China increased slightly, with the mainstream market price for light soda ash ranging from 1430 to 1600 yuan/ton; The price of soda ash in central China has slightly increased, with the mainstream market price for light soda ash ranging from 1350-1550 yuan/ton.

On the demand side: According to the commodity analysis system of Shengyi Society, the glass price market first fell and then stabilized. As of September 27th, the market average price was 13.45 yuan/square meter, a decrease of 0.74% compared to the market average price of 13.55 yuan/square meter at the beginning of the week. The glass market has experienced a slight decline in production, but overall it is still weak, with limited inventory reduction and downstream purchases following up on demand, resulting in weak glass prices.

Future forecast: Currently, the utilization rate of domestic soda ash production capacity is high, and there is significant inventory pressure on spot soda ash factories. The downstream glass industry is temporarily stable, but demand support is still limited. The soda ash market has insufficient trading, and the atmosphere in the market is cautious. It is expected that the short-term soda ash will be observed and consolidated, depending on downstream market demand.