Price trend

According to the business data analysis system of SunSirs, as of December 28th, the average market price of light soda ash was 1,250 RMB/ton, a decrease of 8 RMB/ton compared to the price of 1,258 RMB/ton on December 22nd, representing a decrease of 0.64%. The price of soda ash showed a downward trend during the week.

Market Analysis

Last week, the soda ash market operated weakly, with downstream buyers mostly adopting a wait-and-see attitude, resulting in insufficient demand for soda ash. Market trading activity was generally subdued. Although the operating rate on the supply side decreased slightly, overall market supply remained high. The fundamental supply-demand balance for soda ash showed a clear surplus, leading to a pessimistic sentiment among industry participants and a weak downward trend in soda ash prices.

Demand side: According to SunSirs' commodity analysis system, the glass market weakened last week, with the average market price reaching 12.93 RMB/square meter as of December 28th, a decrease of 3.15% compared to the price of 13.35 RMB/square meter on December 22nd. Last week, the operating rate of the glass market remained relatively unchanged, but total social inventory increased. Downstream buyers showed low purchasing enthusiasm, and companies experienced weak sales. Limited consumption of glass inventory led to a downward trend in glass prices.

Market Outlook:

As of December 28th, the domestic soda ash spot market remained largely stable and weak. With some maintenance shutdowns ending and production expected to increase, operating rates were projected to rise. However, weak downstream demand was providing insufficient support for soda ash purchases. Therefore, the soda ash market is expected to consolidate and weaken, with specific market conditions needing to be monitored.

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