1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of soda ash has been running steadily this week. As of December 20th, the average market price of soda ash was 1538 yuan/ton, which is the same as the price of soda ash on December 14th at 1538 yuan/ton, a decrease of 1.16% from the beginning of the month.

2、 Market analysis

This week, the soda ash market is mainly stable. On the supply side, there are devices parked for maintenance on site, resulting in a decrease in the utilization rate of soda ash production capacity. However, the overall supply of goods is still relatively sufficient, downstream demand is weak, market entry enthusiasm is not high, market transactions are limited, and there is insufficient support for upstream, leading to some suppression of soda ash price increases. The soda ash market is operating steadily and observing the situation.

As of December 20th, the reference price for the soda ash market in East China is around 1450-1600 yuan/ton for light soda ash, with prices remaining stable throughout the week; The reference price for the soda ash market in Central China is around 1380-1550 yuan/ton for light soda ash, with prices remaining stable throughout the week.

According to the commodity analysis system of Shengyi Society, the downstream glass market is running strongly. From December 14th to 20th, the price of glass increased from 16.20 yuan/square meter to 16.40 yuan/square meter, an increase of 1.23%. The operating rate of the glass market has not changed much, downstream market entry is more active, manufacturers’ overall shipments are smooth, market destocking is obvious, and the mentality of industry players is optimistic. Glass prices continue to rise.

Future forecast: Currently, the utilization rate of domestic soda ash production capacity is relatively high, and there is sufficient inventory in spot alkali factories. Sales pressure still exists for enterprises. Although the downstream glass market has risen, the main consumption of inventory is limited, and the demand for soda ash market is limited. Under the situation of oversupply in the market, it is expected that soda ash will remain stable and wait for further updates on downstream demand in the short term.