China’s domestic soda ash market temporarily stabilized on April 18

According to the survey data of business associations, the average market price in East China is about 1973.33 yuan per ton. The light soda commodity index on April 17 was 101.20, which was the same as yesterday. It was 14.14% lower than the peak of 117.86 points in the cycle (2017-11-21), and 60.25% higher than the low of 63.15 points on November 18, 2015. (Note: Period refers to 2011-09-01 to date)

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Domestic soda market is mainly stable, the price is not adjusted for the time being, and enterprises are on the sidelines. The price of soda ash in Hubei is stable for the time being. Light soda ash is exported from 1800 to 1900 yuan/ton, and heavy soda ash is delivered to 1900-1950 yuan/ton for execution. Downstream more on-demand goods, market stability is the main. Soda upstream: domestic raw salt market is mainly stable. The downstream two alkali enterprises started normal, stable supply and demand, weak and stable trading. Downstream domestic glass spot market performance is relatively flat, manufacturers are still mainly to increase the return funds. Production enterprises in Shahe area are moving faster than before, and the pressure of stable production and marketing has eased.

Soda analysts of business associations believe that: enterprise inventory continues to be low, slightly tight supply. The downstream demand performance is general, some enterprises have sufficient pre-stocking, and most of them are purchasing on demand at present, which is caused by the conflicting mentality of manufacturers to the rapid rise of soda price. It is expected that the domestic soda market will operate steadily in a multi-dimensional way in the short term, mainly on a wait-and-see basis, and specifically on the downstream market demand.

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