SunSirs: The Soda Ash Market Was Running Steadily

Price trend

According to the commodity analysis system of SunSirs, the price of light soda ash remained stable on January 23, with a market average price of 1,494 RMB/ton, unchanged from the previous trading day's price of 1,494 RMB/ton, and a 2.23% decrease from the beginning of the month.

On January 23, the Business Society's light soda ash index was 76.62 points, unchanged from the previous day, a decrease of 59.48% from the cycle's highest point of 189.10 points (2021-11-07), and an increase of 21.33% from the lowest point of 63.15 points on November 18, 2015. (Note: The cycle refers to the period from September 1, 2011 to present)

Analysis review

On January 23rd, the soda ash market operated steadily. The operating rate of the supply side soda ash plant was still at a high level, the market supply of goods was sufficient, and the inventory pressure of manufacturers was relatively high, maintaining active shipment; On the demand side, the terminal market prices were generally average, with limited replenishment demand and insufficient support for soda ash. Enterprises were adopting a wait-and-see attitude, and soda ash quotations remained stable.

On the demand side: According to the commodity analysis system of SunSirs, glass prices were lowered on January 23, with a market average price of 16.30 RMB/square meter, a decrease of 1.81% compared to the previous trading day's price of 16.60 RMB/square meter. The glass market equipment has not changed much, and the production has remained stable. The downstream stocking demand has weakened, and the market trading atmosphere was average. The glass market was weak and declining.

Market outlook

As of January 24th, the utilization rate of domestic soda ash production capacity was relatively high, the inventory of spot soda ash plants was sufficient, and the downstream glass market was weak. The demand for soda ash was average, and there was a supply-demand game in the market. It is expected that the soda ash market will operate weakly, depending on the downstream market demand.

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