SunSirs: The Domestic Soda Ash Market Was Consolidating in October

Price trend:

According to data from the SunSirs' commodity analysis system, the price of soda ash rose slightly in October. At the beginning of the month, the average market price of light soda ash was 1,182 RMB/ton, and at the end of the month, the average market price was around 1,186 RMB/ton, an increase of 4 RMB/ton, or 0.34%.

Analysis review

According to the SunSirs' commodity analysis system, the soda ash market remained stable in October. On the supply side, soda ash plants operated at high capacity, resulting in ample market supply and significant pressure on companies to sell. On the demand side, downstream buyers adopted a wait-and-see attitude, and glass inventory reduction was slow, leading to moderate actual consumption of soda ash. The fundamentals continued the trend of strong supply and weak demand, with a bearish market sentiment. However, rising coal prices put pressure on soda ash costs, and soda ash companies primarily focused on maintaining stable prices throughout the month.

As of October 31, 2025, the mainstream market price of light soda ash in East China was around 1,100-1,400 RMB/ton, remaining stable compared to the previous month; the mainstream price of light soda ash in Central China was around 1,090-1,200 RMB/ton, down 40-100 RMB/ton compared to the previous month; and the mainstream price of light soda ash in North China was around 1,170-1,270 RMB/ton, down 30 RMB/ton compared to the previous month.

On the demand side: According to data from the SunSirs' commodity analysis system, glass prices saw a significant decline this month, with the average market price falling from 15.60 RMB/square meter to 13.85 RMB/square meter, an overall drop of 11.22%. Glass production lines operated stably throughout the month, with little change in operating rates. However, demand remained weak, with downstream purchasing activity low, leading to a continuous accumulation of glass inventory, sluggish sales for enterprises, and a downward trend in glass prices.

Market Forecast:

Soda ash production capacity continues to grow, supply is expected to be weak, terminal market operations are generally weak, downstream demand is weak, and there is insufficient support for soda ash. Enterprises are under great pressure to ship their products. Soda ash prices are expected to remain weak in November, depending on downstream follow-up.

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