Price trend

According to the commodity analysis system of SunSirs, the price of soda ash decreased narrowly in late December. As of December 31, the average market price of soda ash was 1,528 RMB/ton, a decrease of 10 RMB/ton compared to the price of 1,538 RMB/ton on December 21, a decrease of 0.65%.

Analysis review

The soda ash market was weakly consolidating in late December. The early stage equipment ran smoothly, the soda ash manufacturer actively shipped, the downstream followed up as needed, the market trading atmosphere was still acceptable, the supply and demand on site were relatively balanced, and the soda ash price ran steadily; In the later stage, the load of soda ash plants in some regions of China increased, and the supply of soda ash in the region increased. The mentality of operators weakened, and at the same time, the downstream market situation decreased, which had a negative impact on the upstream market. As a result, the market price of soda ash slightly fell.

As of December 31st, the reference price for the soda ash market in East China was around 1,450-1,550 RMB/ton for light soda ash, with a price reduction of 50 RMB/ton; The reference price for the soda ash market in Central China was around 1,350-1,550 RMB/ton for light soda ash, with a price reduction of 30 RMB/ton.

According to the commodity analysis system of SunSirs, the downstream glass market first rose and then fell. From December 21st to 31st, the price of glass increased from 16.40 RMB/square meter to 16.45 RMB/square meter, and then fell back to 16.40 RMB/square meter. The operating rate of the glass market did not change much in late December, and downstream entry enthusiasm was not high. Follow up was mainly based on demand, and overall shipments from manufacturers were limited. Market destocking was poor, and glass prices fluctuated slightly.

Market outlook

As of December 31, the inventory level in the domestic soda ash market was relatively high, and spot soda ash factories were actively shipping. The sales pressure on enterprises still existed, and the downstream glass market demand was generally average, mainly relying on on-demand replenishment, which had limited support for the soda ash market. The supply and demand gamed. In the short term, soda ash will operate weakly and steadily, with specific attention paid to downstream demand follow-up.

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