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SunSirs: The Price of Soda Ash Fluctuated Narrowly This Week (November 14-18)
November 21 2022 10:22:23SunSirs(John)

Price trend

According to the monitoring data of SunSirs, the price of soda ash this week was mainly stable with slight changes. The average market price of light soda ash was 2,644 RMB/ton at the beginning of the week, and 2,640 RMB/ton at the end of the week. The price fell 0.15%, and down 27.42% from the same period last year.

On November 17, the commodity index of light soda ash was 135.38, down 0.21 points from the previous day, down 28.41% from the cycle's highest point of 189.10 points (2021-11-07), and up 114.38% from the lowest point of 63.15 points on November 18, 2015. (Note: Period refers to 2011-09-01 to now)

Analysis review

According to the monitoring data of SunSirs, the overall price of soda ash this week was mainly stable, and the price was mainly stable with slight changes. As of August 18, the mainstream market price of light soda ash in East China was about 2,650-2,800 RMB/ton. The price of soda ash in North China was temporarily stable, and the market price of light soda ash was about 2,650-2,750 RMB/ton. Data showed that the operating rate of soda ash this week was about 89%.

Demand: According to the monitoring of SunSirs, the price of glass fell this week. On Monday, the average market price was 18.89 RMB/square meter, and on the weekend, the average market price was 18.59 RMB/ton. The price fell 1.59%, and down 25.1% year-on-year. The overall trading of the glass spot market was not good. Transportation in some areas was affected to some extent. On the whole, the transaction price of glass market fell. The market confidence in the market was insufficient, and the downstream processing plant enterprises purchased just in need. It is expected that the glass spot market will be more wait-and-see in the short term, with weak stable operation mainly.

According to the price monitoring of SunSirs, in the 45th week of 2022 (11.7-11.11), there were 1 rising commodity, 2 falling commodities and 2 zero rising and falling commodities in the price list of chlor alkali industry. The main commodity that rose was: PVC (1.07%); the main commodities falling were calcium carbide (-2.61%) and light soda ash (-0.23%). The average rise and fall this week was -0.35%.

Market outlook

According to the survey data of SunSirs, the price of domestic soda ash was generally stable with slight fluctuations. Recently, the overall operating rate of soda ash enterprises was relatively stable, and the overall delivery and investment atmosphere was general. The downstream of soda ash was still mainly purchased on demand. The upstream and downstream supply and demand played a game, and the price of soda ash was under pressure. It is estimated that the price of soda ash will be consolidated mainly in the later period, depending on the downstream market demand.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

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