Price trend

According to the commodity analysis system of SunSirs, the price trend of soda ash decreased last week. As of August 29, the average market price of soda ash was 1,210 RMB/ton, which was 10 RMB/ton lower than the price of 1,220 RMB/ton on August 25, a decrease of 0.82%.

Analysis review

The soda ash market remained weak last week. Capacity utilization decreased, supply weakened, and manufacturers were active in shipping. Demand was generally subdued in the downstream market, with narrow fluctuations in the glass market and slow inventory consumption by manufacturers. This provided insufficient support for soda ash, leading to some bargain hunting. The market trading atmosphere was subdued, and soda ash prices remained weak. On August 29th, light soda ash prices in East China were reduced by 30 RMB/ton to between 1,100 and 1,400 RMB/ton; in Central China, prices remained between 1,130 and 1,300 RMB/ton.

According to the SunSirs commodity analysis system, downstream glass prices saw a narrow increase. From August 25th to 29th, glass prices rose from 13.83 RMB/square meter to 13.88 RMB/square meter, a 0.36% increase. Glass production lines were operating smoothly, with increased inventory levels at companies and moderate downstream consumption, resulting in limited replenishment. As the traditional peak season approaching, some companies were offering slightly higher prices, but glass prices remained generally weaker.

Future outlook:

As of August 29, the price of soda ash was running weak and stable, and the industry players were mainly in a wait-and-see attitude. Downstream demand had not yet picked up, soda ash companies' shipments continued to be weak, and the fundamental supply and demand contradictions continued. It is expected that the soda ash market will be weaker in the later period, and specific attention will be paid to the follow-up situation of the downstream.

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