After the holiday, the market for soda ash saw a slight increase

1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of light soda ash has increased after the holiday. On October 12th, the average market price of soda ash was 1644 yuan/ton, and on October 8th, the price of soda ash was 1614 yuan/ton, an increase of 30 yuan/ton or 1.86% within the week.

2、 Market analysis

According to the commodity analysis system of Shengyi Society, the soda ash market has slightly increased after the holiday. On the supply side, the operating rate of soda ash is relatively high, the market supply is sufficient, and manufacturers are actively shipping; On the demand side, the downstream market is rising, boosting the soda ash market. The demand for soda ash is steadily following up, and the market trading atmosphere is improving. On site shipments are smooth, and soda ash prices are consolidating and rising.

As of October 12th, the reference price for the soda ash market in East China is around 1500-1600 yuan/ton for light soda ash; The reference price for the soda ash market in Central China is around 1400-1600 yuan/ton for light soda ash.

According to the commodity analysis system of Shengyi Society, the downstream glass market has risen strongly. From October 8th to 12th, the price of glass increased from 13.45 yuan/square meter to 14.85 yuan/square meter, an increase of 10.41%. During the holiday season, the demand for glass market is strong, and glass prices have risen sharply. Downstream demand has weakened after the holiday, and manufacturers have reduced shipments, resulting in a slight decrease in market prices. The overall market trend during the week is relatively strong.

Future forecast: Currently, the utilization rate of domestic soda ash production capacity continues to be at a high level, and there is significant inventory pressure on spot soda ash factories. Downstream glass prices have risen significantly, which is favorable for the soda ash market. Under the supply-demand game, it is expected that soda ash will operate steadily in the short term, depending on downstream market demand.