Price trend

According to the commodity analysis system of SunSirs, the price trend of soda ash continued to rise this week. As of February 28th, the average market price of soda ash was 1,498 RMB/ton, an increase of 5.49% compared to the soda ash price of 1,420 RMB/ton on February 24th, and an increase of 0.27% compared to the beginning of the month.

Analysis review

The soda ash market has risen strongly this week. The on-site equipment was running smoothly, and the utilization rate of soda ash production capacity remained high. However, there have been continuous updates on equipment maintenance during the week, and there was a strong intention for suppliers to increase prices. The soda ash quotation continued to rise, and the downstream market was declining, resulting in weak demand for soda ash. The on-site supplier support was strong, and the overall market was running to be stronger.

As of February 28th, the reference price for the soda ash market in East China was around 1,480-1,550 RMB/ton for light soda ash, with a price increase of 50-100 RMB/ton within the week; The reference price for the soda ash market in Central China was around 1,400-1,500 RMB/ton for light soda ash, with a price increase of 70-80 RMB/ton.

According to the commodity analysis system of SunSirs, the downstream glass market first fell and then rose, showed a weak downward trend. From February 24th to 28th, glass prices fell from 16.30 RMB/square meter to 15.62 RMB/square meter, a decrease of 4.17%. The downstream glass market has seen an increase in production and normal inventory levels, while downstream demand was weak, market transactions were limited, glass inventory has accumulated, and market prices were weak.

Market outlook

There is a maintenance plan for some domestic soda ash plants, and the expected capacity utilization rate is expected to decrease. The market inventory may be reduced, and spot alkali plants have a positive attitude. The downstream market is weak, and they will follow up on demand when entering the market. The mentality of the market is game, and it is expected that soda ash will operate in a wait-and-see manner in the short term, with specific attention paid to downstream demand follow-up.

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