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Home > Soda ash Soda ash News > News Detail
Soda ash Soda ash News
SunSirs: The Price of Soda Ash Was Mainly Stable This Week
December 24 2024 15:07:04SunSirs(John)

Price trend

According to the commodity analysis system of SunSirs, the price of soda ash had been running steadily this week. As of December 20th, the average market price of soda ash was 1,538 RMB/ton, which was the same as the price of soda ash on December 14th at 1,538 RMB/ton, a decrease of 1.16% from the beginning of the month.

Analysis review

This week, the soda ash market was mainly stable. On the supply side, there were devices parked for maintenance on site, resulting in a decrease in the utilization rate of soda ash production capacity. However, the overall supply of goods was still relatively sufficient, downstream demand was weak, market entry enthusiasm was not high, market transactions were limited, and there was insufficient support for upstream, leading to some suppression of soda ash price increases. The soda ash market was operating steadily and observing the situation.

As of December 20th, the reference price for the soda ash market in East China was around 1,450-1,600 RMB/ton for light soda ash, with prices remaining stable throughout the week; The reference price for the soda ash market in Central China was around 1,380-1550 RMB/ton for light soda ash, with prices remaining stable throughout the week.

According to the commodity analysis system of SunSirs, the downstream glass market was running strongly. From December 14th to 20th, the price of glass increased from 16.20 RMB/square meter to 16.40 RMB/square meter, an increase of 1.23%. The operating rate of the glass market has not changed much, downstream market entry was more active, manufacturers' overall shipments were smooth, market destocking was obvious, and the mentality of industry players was optimistic. Glass prices continued to rise.

Market outlook

As of December 20th, the utilization rate of domestic soda ash production capacity was relatively high, and the inventory of spot soda ash plants was sufficient. The sales pressure of enterprises still existed. Although the downstream glass market has risen, the main consumption of inventory was limited, and the demand for soda ash market was limited. Under the situation of oversupply in the market, it is expected that soda ash will remain stable and watch-and-see for the short term, and specific attention will be paid to downstream demand follow-up.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

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