Price trend

According to the commodity analysis system of SunSirs, the price trend of soda ash has slightly decreased this week. As of March 14th, the average market price of soda ash was 1,512 RMB/ton, a decrease of 0.40% compared to the March 7th soda ash price of 1,518 RMB/ton, and an increase of 0.93% compared to the beginning of the month.

Analysis review

This week, the soda ash market has been consolidating and declining. The on-site equipment remained stable with small movements, and the utilization rate of soda ash production capacity was slightly reduced during the week. Overall, the manufacturer's quotation remained firm, but the downstream market performance was weak, and the price trend was lowered. Follow up on soda ash demand was necessary, and actual market transactions were limited. Some companies had poor shipments, and the focus of soda ash transactions shifted slightly downwards.

As of March 14th, the reference price for the soda ash market in East China was around 1,420-1,550 RMB/ton for light soda ash, with a price reduction of 60 RMB/ton within the week; 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 50 RMB/ton.

According to the commodity analysis system of SunSirs, the downstream glass market continued to decline. From March 7th to 14th, glass prices fell from 15.28 RMB/square meter to 14.92 RMB/square meter, a decrease of 2.36%. The downstream glass market has seen an increase in production, an increase in market inventory, weak downstream demand, insufficient market transactions, accumulation of glass inventory, and continuous decline in market prices.

Market outlook

There has been little change in domestic soda ash facilities, with production capacity utilization rates maintaining a medium to high level. The increase in market supply was limited, and downstream market conditions were weak. The enthusiasm for entering the market for procurement was not high, and the supply and demand in the market were relatively balanced. It is expected that soda ash will operate smoothly in the short term, with specific attention paid to downstream demand follow-up.

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