Price trend

According to the commodity analysis system of SunSirs, the price of soda ash has been steadily adjusted this week. As of January 19th, the average market price of soda ash was 1,494 RMB/ton, which was the same as the price of soda ash on January 13th at 1,494 RMB/ton, and a decrease of 2.86% compared to the previous month.

Analysis review

This week, the soda ash market was running weakly and steadily. The market equipment was running smoothly, and the inventory pressure of soda ash manufacturers still existed. They maintained active shipment and the downstream market has slightly increased. However, the main consumption of inventory was limited, and the demand for soda ash was limited. The market trading atmosphere was still acceptable, and there was a game of supply and demand in the market. The soda ash market was stable and wait-and-see.

As of January 19th, the reference price for the soda ash market in East China was around 1,380-1,500 RMB/ton for light soda ash, with stable prices; The reference price for the soda ash market in Central China was around 1,330-1,480 RMB/ton for light soda ash, with a stable price.

According to the commodity analysis system of SunSirs, the downstream glass market was operating strongly. From January 13th to 19th, the price of glass increased from 16.25 RMB/square meter to 16.48 RMB/square meter, an increase of 1.42%. The operating rate of the glass market did not change much in the latter half of the year, and downstream market entry enthusiasm was good. Manufacturers shipped smoothly, and the market destocking increased, resulting in a strong upward trend in glass prices.

Market outlook

As of January 19th, the inventory of domestic soda ash market was still high, and spot soda ash factories maintained active shipments. Downstream stocking sentiment before the holiday was average, and they followed up on demand when entering the market. The market had strong supply and weak demand. In the short term, soda ash will continue to operate weakly and steadily, with specific attention paid to downstream demand follow-up.

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