1、 Price trend
According to the commodity analysis system of Shengyi Society, the average market price of light soda ash remained at 1186 yuan/ton from October 21 to 28, and the trend of soda ash prices continued to be stable.
2、 Market analysis
Recently, the soda ash market has remained stable. On the supply side, the fluctuation of soda ash equipment is not significant, and the utilization rate of production capacity remains high. Manufacturers negotiate shipment operations, while downstream parties remain weak. Market purchases are mainly based on demand, and the mentality of purchasing goods is cautious. The inventory of soda ash is high, and the overall market consumption is limited. The supply and demand game in the market leads to weak consolidation of soda ash prices.
On the demand side: According to the commodity analysis system of Shengyi Society, the glass market has recently experienced a wide decline, with an average market price of 13.85 yuan/square meter as of October 28th, a decrease of 5.33% compared to the price of 14.63 yuan/ton on October 21st. The glass market has not changed much in terms of production, with high total inventory on the supply side, weakened downstream demand, average market entry and purchase, limited social inventory consumption, and continued accumulation of enterprise inventory. The trend of glass prices continues to decline.
Future forecast: Currently, the trading in the domestic soda ash spot market is weak, and the expected supply in the later period is bullish. The pressure on soda ash companies to ship has increased, and the downstream glass market continues to be weak, providing weak support for soda ash. The market fundamentals are oversupplied, and it is expected that the soda ash market will operate weakly. Please pay specific attention to the market shipment situation.