Price trend

According to the commodity analysis system of SunSirs, the price trend of soda ash continued to decline this week. As of June 13th, the average market price of soda ash was 1,310 RMB/ton, a decrease of 1.36% compared to the June 6th soda ash price of 1,328 RMB/ton, and a decrease of 5.48% compared to the beginning of the month.

Analysis review

Last week, the soda ash market was experiencing a weak downward trend. The supply side maintenance equipment resumed operation, the operating rate of the equipment increased, the market supply was sufficient, and the sales pressure of soda ash enterprises increased; The downstream market was weak, terminal trading was sluggish, downstream demand was not high, and there was insufficient support for soda ash. The mentality of soda ash enterprises was poor, and the market transaction center continued to decline.

As of June 13th, the reference price for soda ash in North China was around 1,260-1,400 RMB/ton for light soda ash, with a reduction of 40 RMB/ton; The mainstream quotation for light soda ash in East China was around 1,210-1,400 RMB/ton, with a reduction of 70 RMB/ton; The mainstream quotation for light soda ash in Central China was around 1,200-1,330 RMB/ton, with a reduction of 20 RMB/ton.

According to the commodity analysis system of SunSirs, the downstream glass market was weak and limited. From June 6th to 13th, the price of glass decreased from 14.00 RMB/square meter to 13.80 RMB/square meter, a decrease of 1.43%. The downstream consumption of glass was slow, demand continued to be weak, the glass market has obvious inventory accumulation, and the shipment of enterprises was poor, resulting in a weak downward trend in price focus.

Market outlook

As of June 13th, the utilization rate of soda ash production capacity had increased, and the inventory pressure of soda ash enterprises was relatively high. Downstream demand continued to be weak, and the consumption of soda ash was limited. The supply-demand contradiction in the market continued, and it is expected that the soda ash market will be weak consolidated in the later stage. Specific attention should be paid to downstream demand follow-up.

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