Price trend

According to the commodity analysis system of SunSirs, the average market price of light soda ash was 1,186 RMB/ton on September 28, down 0.17% from the price of 1,188 RMB/ton on September 22.

Analysis review

Soda ash prices saw a narrow decline last week. Pre-holiday demand-based restocking by downstream companies led to positive soda ash shipments. On the supply side, inventories declined significantly during the week, but due to increased production and accumulated inventory at delivery warehouses, market inventories increased. With limited depletion of total soda ash inventory, there was little room for price increases. Due to supply pressure, some transaction prices for soda ash declined.

On the demand side: According to the SunSirs Commodity Analysis System, glass prices saw a broad rise last week, with the average market price at 15.43 RMB per square meter as of September 28th, a 7.90% increase from 14.30 RMB per ton on September 22nd. The Ministry of Industry and Information Technology held a regular meeting on the glass industry on the 24th, boosting both futures and spot prices. Furthermore, downstream demand was replenishing during the traditional peak season, resulting in a positive trading atmosphere and reduced market inventories, leading to a strong upward trend in glass prices.

Market outlook

As of September 28, the domestic soda ash spot market was relatively stable, the supplier inventory remained at a high level, enterprises were actively shipping, and the downstream glass market was strong, which provided certain support to the soda ash market sentiment. The on-site trading was still good. It is expected that the soda ash market will stabilize in the short term, and specific attention will be paid to the market shipment situation.

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