Price trend:

According to data from the SunSirs' commodity analysis system, the average market price of light soda ash on November 28 was 1,224 RMB/ton, unchanged from the price of 1,224 RMB/ton on November 21. The price trend of soda ash remained stable during the week.

Market Analysis

Last week, the soda ash market remained stable. Downstream production decreased, leading to a decline in demand for soda ash. Market transactions were driven by immediate needs. On the supply side, some companies reduced production or underwent maintenance, resulting in a decline in the soda ash operating rate, which provided some support to market sentiment. However, the fundamental supply-demand imbalance in the soda ash market had not improved, and industry players remained cautious, resulting in stable soda ash prices.

On the demand side: According to the commodity analysis system of SunSirs, the glass market price first fell and then rose last week. As of November 28, the average market price was 13.68 RMB/square meter, an increase of 1.48% compared with the price of 13.48 RMB/ton on November 21. Last week, the operating rate of the glass market decreased slightly, downstream purchasing enthusiasm increased, enterprises had good sales, social glass inventory decreased, and glass prices rose slightly.

Market outlook

The domestic soda ash spot market was temporarily stabilizing. On the supply side, plant capacity is expected to recover and operating rates are expected to rise. Downstream prices stopped falling and were recovering, which may lead to increased purchases of soda ash. The soda ash market is expected to remain stagnant and consolidate. The specific market shipment situation should be closely monitored.

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