1、 Price trend
According to the commodity analysis system of Shengyi Society, the price trend of soda ash has decreased this week. As of August 29th, the average market price of soda ash was 1210 yuan/ton, a decrease of 10 yuan/ton compared to the price of 1220 yuan/ton on August 25th, a decrease of 0.82%.
2、 Market analysis
The soda ash market has been weak this week. The utilization rate of soda ash production capacity decreased during the week, and the supply of soda ash weakened. Manufacturers are actively shipping; The downstream performance in terms of demand is average, with narrow fluctuations in the glass market and slow consumption of inventory by enterprises. There is insufficient support for soda ash, and some purchases are mainly seeking lower prices. The market trading atmosphere is poor, and soda ash prices are mainly weak. On August 29th, the price of light soda ash in East China was reduced by 30 yuan/ton, with a range of 1100-1400 yuan/ton; The price of light soda ash in central China remains at 1130-1300 yuan/ton.
According to the commodity analysis system of Shengyi Society, the downstream glass market has risen narrowly. From August 25th to 29th, the price of glass increased from 13.83 yuan/square meter to 13.88 yuan/square meter, an increase of 0.36%. The production line of the glass market is running smoothly, with increased inventory in enterprises and average downstream consumption. There is limited replenishment upon entering the market. As the traditional peak season approaches, some enterprises have slightly increased their quotations, and the glass price market remains weak.
Future forecast: Currently, the price of soda ash is running weakly and steadily, and the mentality of industry players is mainly wait-and-see. Downstream demand has not yet rebounded, and soda ash companies continue to have weak shipments. The fundamental supply-demand contradiction persists, and it is expected that the soda ash market will run weakly in the later stage. Specific attention should be paid to downstream follow-up situations.
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