SunSirs: Downstream Demand Was Still Weak, and the Price of Soda Ash May Still Be Weak in the Later Stage

Price trend

According to the Commodity Analysis System of SunSirs, the trend of soda ash continued to decline in April. At the beginning of the month, the average market price of light soda ash was 2,760 RMB/ton. On April 27th, the average market price was around 2,650 RMB/ton, with a price drop of 3.99%. The price of soda ash was in a weak trend overall.

Analysis review

From the data of SunSirs, it can be seen that the price of soda ash decreased by 100-150 RMB/ton in various regions this month, maintaining a weaker trend.

From the supply side perspective, the operating rate of soda ash remained relatively stable. Data showed that the overall operating rate of soda ash was around 90%, and there are currently no new maintenance plans in the near future. Inventory was relatively low, and production capacity was basically at full capacity.

In terms of demand: According to the commodity monitoring system of SunSirs, glass prices had risen this month, with an average market price of 19.73 RMB/ton/square meter at the beginning of the month and 23.87 RMB/ton/square meter on April 27th, a price increase of 20.98%.

As of the 27th, the overall supply of glass had remained relatively stable, and recent profits had rebounded. There may be a slight increase in supply, but the overall increase is limited.

Market outlook

Analysts from SunSirs believe that according to the analysis system of SunSirs, the domestic pure alkali price was weak and the overall construction remained stable. Although downstream glass prices were rising, the overall demand increase was limited, and there was a strong wait-and-see sentiment. The supply and demand sides were still in a game. Overall, it is expected that the price of soda ash in the later stage will mainly be weakly consolidated, depending on the downstream market demand.

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