SunSirs: The Price of Soda Ash Remained Stable

Price trend

According to the commodity analysis system of SunSirs, the price of light soda ash remained stable on April 23, with a market average price of 1,400 RMB/ton, unchanged from the previous trading day's price of 1,400 RMB/ton, and a decrease of 2.37% from the beginning of the month.

Analysis review

On April 23rd, the soda ash market remained stable. On the demand side, the consumption in the terminal market was slow, and there was a lack of support for soda ash due to the urgent need to follow up on market purchases; On the supply side, the operating rate of soda ash remained high, the market supply of goods was sufficient, the trading atmosphere in the market was relatively weak, the shipment of enterprises was average, and the quotes for soda ash were mostly stable.

On the demand side: According to the commodity analysis system of SunSirs, glass prices remained stable on April 23, with the market average price remaining unchanged at 15.58 RMB/square meter. The glass market has not changed much in terms of production, with stable operation of equipment and downstream procurement following up as needed. Market trading was still acceptable, but glass inventory was slow, and market prices were running steadily.

Market outlook

Some domestic soda ash facilities are expected to undergo maintenance, resulting in a decrease in capacity utilization. The downstream glass market is temporarily stable, with limited demand for soda ash. The future supply side is expected to increase, and the soda ash market is expected to consolidate and rise, depending on downstream market demand.

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