Price trend

According to the commodity analysis system of SunSirs, the average market price of light soda ash on October 22 was 1,186 RMB/ton, which was the same as the price of 1,186 RMB/ton on October 11. The price of soda ash remained stable in the middle of the month.

Analysis review 

The recent soda ash market has been characterized by a stable wait-and-see approach. Downstream buyers were purchasing on demand, with low enthusiasm for market entry, leading to poor shipments from soda ash companies. On the supply side, some companies had shut down or reduced production, providing some support for market sentiment. However, overall soda ash inventories remained high, and downstream follow-up was limited. Due to the supply-demand dynamics within the market, most companies were adopting a wait-and-see approach, resulting in stable quotes.

On the demand side, according to the SunSirs commodity analysis system, glass prices have recently declined widely. As of October 22, the average market price was 14.63 RMB/square meter, a 6.82% drop from 15.70 RMB/ton on October 11. Glass production was operating smoothly, market supply was increasing, and downstream demand was mediocre. Manufacturers were placing fewer orders, social inventory was insufficiently depleted, and companies were accumulating inventory, resulting in a weak downward trend in glass prices.

Market outlook

As of October 22, the domestic soda ash spot market was operating smoothly, and the supply side will resume maintenance in the future. The mentality on soda ash is expected to be bearish. The downstream glass market is weak, which does not provide enough support for soda ash. The market fundamentals are in oversupply. It is expected that the soda ash market may be weaker. Pay special attention to the market shipment situation.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.