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SunSirs: Soda Ash Market Ran Weakly on May 19
May 20 2020 14:26:18SunSirs(John)

Price trend

According to the data monitoring of SunSirs, domestic soda ash was mainly operated weakly. The average price in East China's domestic market was about 1,283.33 RMB/ton. On May 18, the commodity index of light soda ash was 68.38, down 1.53 points from the former day, 41.98% from 117.86 (2017-11-21), and 8.28% higher than 63.15, the lowest point on November 18, 2015. (Note: cycle refers to 2011-09-01 to now)

 

Analysis review   

Domestic soda ash prices are mainly weak and stable. The soda ash market in East China is running smoothly. The current mainstream market price of light soda ash is around 1,200-1,350 RMB/ton, and the mainstream market price of heavy soda ash is 1,300-1,400 RMB/ton. The mrket transactions are general, and it is expected that the price of soda ash will be more vulnerable to consolidation and operation in the short term. In Central China, the main market price of light soda is 1,150-1,250 RMB/ton. The main market price of heavy soda is 1,200-1,300 RMB/ton. The downstream demand is poor. It is expected that the main market price of light soda will be consolidation in the short term. In North China, the mainstream market price of light soda ash is about 1,300-1,450 RMB/ton, and the mainstream market price of heavy soda ash is 1,450-1,550 RMB/ton. The market transaction is general. It is expected that the price of soda ash will mainly be operated in the consolidation market in the short term. The overall inventory of the enterprise is still on the high side.

 

Market outlook

Soda ash analysts of SunSirs believe that the overall soda ash is weakly organized, the domestic soda ash market is dominated by the weak market, the market atmosphere is not good, the downstream market is generally in demand, the inventory pressure is high, and the enterprises actively consume the inventory mainly. Soda ash is still mainly in weak operation, depending on the downstream market demand.

 

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

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