SunSirs: The Soda Ash Market was Weakly Declining

Price trend

According to the commodity analysis system of SunSirs, the recent trend of soda ash prices decreased. As of June 30th, the average market price of soda ash was 1,264 RMB/ton, a decrease of 20 RMB/ton compared to thesoda ash price of 1,284 RMB/ton on June 23rd , a decrease of 1.56%.

Analysis review

Recently, the soda ash market was weakly declining. The operating rate of supply side equipment remained high, the market inventory increased, and the sales pressure of soda ash enterprises was significant; The downstream market was lukewarm, terminal trading was limited, downstream demand for soda ash was average, soda ash companies had poor shipments, and the market transaction center had shifted downwards.

As of June 30th, the reference price for soda ash in North China was around 1,180-1,250 RMB/ton for light soda ash, with a reduction of 80-150 RMB/ton; The mainstream quotation for light soda ash in East China was around 1,140-1,300 RMB/ton, with a reduction of 30-100 RMB/ton; The mainstream quotation for light soda ash in Central China was around 1,130-1,300 RMB/ton, and the price remained stable.

According to the commodity analysis system of SunSirs, the downstream glass market was weak and limited. From June 23rd to 30th, glass prices remained at 13.82 RMB/square meter with no significant fluctuations. The downstream consumption of glass was slow, with a small amount following up on demand. The glass market was generally overstocked, and companies were adopting a wait-and-see attitude. The price market was operating steadily.

Future outlook:

As of June 30th, the utilization rate of soda ash production capacity was running at a high level, and the inventory pressure of soda ash enterprises was relatively high. Downstream transactions were flat, and the demand for soda ash was limited. The supply-demand contradiction in the market was obvious. It is expected that the soda ash market will continue to operate weakly in the later stage, and specific attention should be paid to downstream demand follow-up.

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