1、 Price trend

According to the commodity analysis system of Shengyi Society, the price trend of soda ash continued to rise this week. As of February 28th, the average market price of soda ash was 1498 yuan/ton, an increase of 5.49% compared to the soda ash price of 1420 yuan/ton on February 24th, and an increase of 0.27% compared to the beginning of the month.

2、 Market analysis

The soda ash market has risen strongly this week. The on-site equipment is running smoothly, and the utilization rate of soda ash production capacity remains high. However, there have been continuous updates on equipment maintenance during the week, and there is a strong intention for suppliers to increase prices. The soda ash quotation continues to rise, and the downstream market is declining, resulting in weak demand for soda ash. The on-site supplier support is strong, and the overall market is running strongly.

As of February 28th, the reference price for the soda ash market in East China is around 1480-1550 yuan/ton for light soda ash, with a price increase of 50-100 yuan/ton within the week; The reference price for the soda ash market in Central China is around 1400-1500 yuan/ton for light soda ash, with a price increase of 70-80 yuan/ton.

According to the commodity analysis system of Shengyi Society, the downstream glass market first fell and then rose, showing a weak downward trend. From February 24th to 28th, glass prices fell from 16.30 yuan/square meter to 15.62 yuan/square meter, a decrease of 4.17%. The downstream glass market has seen an increase in production and normal inventory levels, while downstream demand is weak, market transactions are limited, glass inventory has accumulated, and market prices are weak.

In the future market forecast, there are maintenance plans for some domestic soda ash facilities, and the expected capacity utilization rate is expected to decrease. The market inventory may be reduced, and spot alkali factories are optimistic. The downstream market is weak, and they will follow up on demand when entering the market. The mentality of the market is game, and it is expected that soda ash will be operated in the short term, with specific attention paid to downstream demand follow-up.