Price trend
According to the commodity analysis system of SunSirs, the price trend of soda ash first fell and then stabilized this week. As of March 28th, the average market price of soda ash was 1,480 RMB/ton, a decrease of 0.27% compared to the soda ash price of 1,484 RMB/ton on March 22nd, and a decrease of 1.20% compared to the beginning of the month.
Analysis review
The soda ash market has been weak this week. The supply side equipment has resumed operation, and the utilization rate of soda ash production capacity has improved. The market supply has increased, and enterprises were actively shipping. Although the downstream market has risen, the main consumption of inventory was limited, and the demand for soda ash was limited. The actual transactions on site were average, and some regions had poor enterprise shipments, resulting in a slight shift in the focus of soda ash transactions.
As of March 28th, the reference price for the soda ash market in East China was around 1,350-1,550 RMB/ton for light soda ash, which remained unchanged from last Friday's price; The reference price for the soda ash market in Central China was around 1,300-1,550 RMB/ton for light soda ash, a decrease of 30 RMB/ton compared to last Friday.
According to the commodity analysis system of SunSirs, the downstream glass market has seen a narrow upward trend. From March 22nd to 28th, the price of glass increased from 15.12 RMB/square meter to 15.21 RMB/square meter, an increase of 0.60%. The glass market had little fluctuation in production, with an increase in downstream demand, stable market trading, a narrow reduction in glass inventory, and a strong upward trend in market prices.
Market outlook
The domestic soda ash plant has resumed operation, and the capacity utilization rate has been improved to a medium to high level. The market supply performance was relatively sufficient, but the enthusiasm of downstream parties to enter the market was not high. The supply and demand gamed in the market. It is expected the soda asmarket will weaken and consolidate in the short term. Specific attention should be paid to downstream demand follow-up.
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