Price trend

According to the commodity analysis system of SunSirs, the price of light soda ash remained stable on June 25th, with a market average price of 1,284 RMB/ton, unchanged from the previous trading day's price of 1,284 RMB/ton, and a decrease of 7.36% from the beginning of the month.

Analysis review

On June 25th, the soda ash market operated weakly. On the demand side, the downstream glass market was weak, terminal transactions were average, and there was limited demand for purchasing in the market, resulting in weak trading in the soda ash market; On the supply side, the operating rate of the soda ash market remained at a high level, with poor shipments from enterprises and accumulated inventory. The mentality of operators was pessimistic, and some regions had weakly lowered soda ash quotations.

On the demand side: According to the commodity analysis system of SunSirs, glass prices remained stable on June 25th, with the market average price remaining unchanged at 13.82 RMB/square meter. The glass equipment had not changed much, the market supply of goods was sufficient, the downstream purchasing enthusiasm was not high, and a small amount of purchasing was mainly done at low prices. The glass market had a general destocking, and the glass price was weakly stable.

Market outlook

As of June 25th, the operating rate of soda ash in China was relatively high, and the sales pressure on enterprises was high. However, the downstream glass market continued to be weak, resulting in weak demand for soda ash and a lack of favorable market conditions. It is expected that the soda ash market will continue to operate weakly, depending on downstream market demand.

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