According to the monitoring data of business associations, the stable operation of soda ash this week is dominant. The average market price of East China during the week to the weekend is about 1740 yuan/ton, which is stable compared with last week, and 18.05% lower than that of last year. The light soda commodity index on September 20 was 89.23, which was the same as yesterday. It was 24.29% lower than the cyclical peak of 117.86 points (2017-11-21), and 41.30% higher than the lowest point of 63.15 on November 18, 2015. (Note: Period refers to 2011-09-01 to date)
II. Market Analysis
Products: This week, the domestic soda price maintained stable operation, the market was light and stable, and the trading atmosphere was mild. At present, the domestic mainstream light alkali factory price was 1650-1770 yuan/ton; the domestic heavy alkali mainstream terminal price was 1750-1850 yuan/ton. This week, the heavy alkali market did not change much, the manufacturers’shipment situation was relatively smooth, and the market stock was bullish. It is anticipated that manufacturers will implement more end-of-month pricing.
Industry chain: In the downstream area, the price of sodium pyrosulfite has been stable this week, the overall market performance is general, the raw material cost has been weakly adjusted, the upstream and downstream trade entities are cautious in buying and selling, the downstream trade entities have a strong wait-and-see attitude, and the domestic market price of sodium pyrosulfite may continue to operate at a low level.
This week, downstream glass continued last week’s trend, rising steadily and moderately. After the G12 summit round table of glass industry, some enterprises in North China and East China began to announce the plan of increase, but the implementation still needs to be implemented. The production and marketing of central and southern China are basically balanced, and the short-term market is mainly stable. From the perspective of sub regions, the situation of north-south differentiation continues. The market as a whole maintained a steady and moderate upward trend.
Industry: This week, the domestic soda market is running smoothly, the output of soda manufacturers has increased, the overall market turnover is mild, more active order delivery is the main, the current delivery pressure is not large, price transaction is stable.
3. Future Market Forecast
Business analysts believe that: this week, the domestic light alkali market is running steadily, the supply of enterprises is relatively stable, downstream demand is weak, the enthusiasm of end users is not high, stable price mentality is strong. It is expected that the consolidation of the soda market will be the main trend in the short term, and the demand of the downstream market will be taken into account.