Price trend

According to the commodity analysis system of SunSirs, the price trend of soda ash has slightly decreased this week. As of February 21, the average market price of soda ash was 1,420 RMB/ton, a decrease of 0.28% compared to the soda ash price of 1,424 RMB/ton on February 15, and a decrease of 4.95% compared to the beginning of the month.

Analysis review

This week, the soda ash market has experienced a narrow downward trend. The on-site equipment was running smoothly, and the capacity utilization rate has increased compared to last week. The inventory of soda ash was rising synchronously, and the downstream market fluctuated narrowly, resulting in insufficient demand for soda ash. In some areas, soda ash companies had poor shipments, and the focus of transactions has shifted downwards. The on-site supply was weak, and the overall market was running weakly.

As of February 21st, the reference price for the soda ash market in East China was around 1,320-1,500 RMB/ton for light soda ash, and the price remained stable; The reference price for the soda ash market in Central China was around 1,300-1,420 RMB/ton for light soda ash, and the price remains stable.

According to the commodity analysis system of SunSirs, the downstream glass market first fell and then rose. From February 15th to 21st, glass prices fell from 16.45 RMB/square meter to 16.30 RMB/square meter, a decrease of 0.91%. The downstream glass market has seen an increase in production and inventory levels, with downstream demand following suit as needed. The trading atmosphere in the market was average, and glass prices ere weakly consolidating.

Market outlook

As of February 21st, the operating rate of domestic soda ash continued to be high, the market inventory is sufficient, the sales pressure of spot alkali plants still existed, the downstream market was weak, market trading was limited, and the mentality of operators was deadlocked. It is expected that soda ash will continue to operate weakly and steadily in the short term, and specific attention will be paid to downstream demand follow-up.

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