Price trend:

According to data from the SunSirs' commodity analysis system, the price of light soda ash remained stable on November 26, with the average market price at 1,224 RMB/ton, unchanged from the previous trading day's price of 1,224 RMB/ton, and up 3.20% from the beginning of the month.

Market Analysis

The soda ash market was mainly in a wait-and-see mode, while the downstream glass market was weak and stable. Purchases were driven by immediate needs, and the end-user market was lukewarm. Glass inventory reduction was slow, which provided only moderate support for the demand for soda ash. Some soda ash enterprises reduced their production capacity, resulting in a decrease in market supply. Some manufacturers were maintaining prices, but the market trading atmosphere was weak, and some industry players were cautious, leading to a stable price for soda ash.

On the demand side: According to the commodity analysis system of SunSirs, the average price of glass remained at 13.38 RMB/square meter on November 26. Glass production lines operated stably, enterprise inventories continued to accumulate, downstream purchases were driven by immediate needs, market transactions were average, glass market inventory was high, and glass prices remained weak and stable.

Market outlook

As of November 26, domestic soda ash production was stable, with companies maintaining a focus on active shipments. Downstream glass industry production had not changed significantly, resulting in limited demand for soda ash. The market fundamentals were stagnant, but considering the cost pressures on manufacturers, the soda ash market is expected to remain stable, depending on downstream market demand.

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