SunSirs: Soda Ash Market Remained Stable

Price trend

According to the commodity analysis system of SunSirs, the average market price of light soda ash remained at 1,186 RMB/ton from October 21 to 28, and the price trend of soda ash continued to be stable.

Analysis review

The recent soda ash market remained stable. On the supply side, soda ash plant prices fluctuated slightly, with capacity utilization remaining high. Manufacturers were negotiating shipments, while downstream demand remained weak. Market participants were primarily purchasing on demand, with a cautious approach to purchasing. Soda ash inventories were high, and overall market consumption was limited. Due to the supply-demand game on the market, soda ash prices were consolidating weakly.

On the demand side: According to the SunSirs commodity analysis system, glass prices recently experienced a broad decline. As of October 28, the average market price was 13.85 RMB/square meter, a 5.33% decrease from 14.63 RMB/square meter on October 21. Glass market operations had remained relatively stable, with high total inventory levels on the supply side. Downstream demand had weakened, with only modest market purchases and limited depletion of social inventory. Corporate inventories continued to accumulate, leading to a continued downward trend in glass prices.

Market outlook

As of October 28, the domestic soda ash spot market was trading lightly, and the supply in the later period is expected to be bullish. The shipment pressure of soda ash companies was increasing, and the downstream glass market continued to be weak, which provided weak support for soda ash. The market fundamentals weare in oversupply, and the soda ash market is expected to run weakly. Pay special attention to the market shipment situation.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.