Price trend

According to data from SunSirs' commodity analysis system, as of February 13, the average market price of light soda ash was 1,182 RMB/ton, a decrease of 16 RMB/ton compared to the price of 1,198 RMB/ton on February 6, representing a drop of 1.34%. The soda ash market declined during the week.

Market analysis

The soda ash market remained weak this week. Downstream users gradually left the market before the holiday, reducing demand for soda ash and resulting in a generally subdued trading atmosphere. On the supply side, some plants increased their operating rates, leading to a slight increase in soda ash production. However, the market fundamentals remained weak, and market sentiment was poor, causing soda ash prices to continue to decline.

On the demand side: According to the commodity analysis system of SunSirs, the glass market remained stable this week. As of February 13, the average market price was 13.25 RMB/square meter, unchanged from the price of 13.25 RMB/square meter on February 6. The operating rate of the glass market declined slightly this week, but downstream restocking demand was weak, total social inventory increased, and enterprises adopted a cautious attitude, with prices mainly stabilizing. The glass market operated in a wait-and-see mode.

Market outlook:

The domestic soda ash spot market was temporarily operating with a weak and stable trend. The operating rate is not expected to change much in the future. Downstream demand is mainly based on inventory consumption, and demand support is limited. The market lacks positive news to support it. It is expected that the soda ash market will remain stable in the short term. The specific situation depends on the market shipment.

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