SunSirs: The Price of Soda Ash Was Stable and Upward This Week (January 2-6)

Price trend

According to the monitoring data of SunSirs, the price of soda ash was stable and upward this week. The average market price of light soda ash was 2,648 RMB/ton at the beginning of the week, and 2,664 RMB/ton at the weekend. The price rose 0.6%, and 18.4% higher than the same period last year.

On January 5, the commodity index of light soda ash was 136.62, up 0.21 points from the previous day, down 27.75% from the cycle's highest point of 189.10 points (2021-11-07), and up 116.34% 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 price of soda ash this week was stable and rose on the whole. On the 6th, the mainstream market price of light soda ash in East China was about 2,600-2,750 RMB/ton. The price of soda ash in North China was temporarily stable, and the market price of light soda ash was about 2,700-2,800 RMB/ton. The inventory of soda ash enterprises was low.

Demand: According to the monitoring of SunSirs, the price of glass rose this week. On Monday, the average market price was 18.68 RMB/square meter, and on the weekend, the average market price was 18.95 RMB/ton. The price rose 1.45%, down 19.81% year on year. The overall production and sales of Shahe in North China were OK, and the spot price of glass market rose slightly. The trading and investment situation in East China was general, and the market transaction was flexible. The overall production and sales in Central China were average, the market was stable, and the market transaction was average. The spot trading of South China Glass was general, the market was stable and rising, and the trading was fair. Forecast: In the short term, the spot glass market is sorted out to be stronger.

According to the price monitoring of SunSirs, in the 52nd week of 2022 (12.26-12.30), there were 1 rising commodity, 1 falling commodity, and 3 zero rising and falling commodities in the price list of the chlor alkali industry. The main commodities that rose were PVC (0.27%); The main commodities falling were caustic soda (-0.88%). The average rise and fall this week was - 0.12%.

Market outlook

According to the survey data of SunSirs, the price of domestic soda ash was generally stable and relatively strong. Recently, soda ash enterprises maintained low inventory, and the overall trading atmosphere was fair. As the Spring Festival is approaching, there is a preparation plan in the downstream of soda ash, which has certain support for the price of soda ash. It is estimated that the price of soda ash will be stable and stronger 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