da ash mar

1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of light soda ash remained stable this week. On October 25th, the average market price of soda ash was 1594 yuan/ton, and on October 21st, the price of soda ash was 1594 yuan/ton. The price remained stable during the week, with a 1.24% decrease from 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 and stable this week. On the supply side, the utilization rate of soda ash production capacity has slightly increased, the market supply has increased, and the prices at the beginning of the week have mostly stabilized; In terms of demand, the downstream market has risen, which has boosted the mentality of the soda ash market. However, due to the high inventory and consumption in the early stage of the downstream market, actual transactions in the market are limited, and only some areas of soda ash have slightly increased during the week.

As of October 25th, the reference price for the soda ash market in East China is around 1420-1600 yuan/ton for light soda ash; The reference price for the soda ash market in Central China is around 1370-1600 yuan/ton for the mainstream price of light soda ash.

According to the commodity analysis system of Shengyi Society, the downstream glass market has risen strongly. From October 21st to 25th, the price of glass increased from 14.75 yuan/square meter to 15.00 yuan/square meter, an increase of 1.69%. The demand in the glass market has increased, manufacturers are shipping smoothly, total inventory of enterprises has decreased, glass prices have been raised narrowly, and the overall market trend has been strong during the week.

Future forecast: Currently, the utilization rate of domestic soda ash production capacity remains high, and there is still inventory pressure on spot soda ash factories. The downstream glass price market is improving, which may provide positive support for the soda ash market. Under the supply-demand game, it is expected that soda ash will experience a narrow consolidation in the short term, with specific attention paid to downstream demand follow-up.