SunSirs: The Price Trend of Soda Ash in East China Decreased on November 27
November 29 2019 11:15:14 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, the price trend of soda ash in East China fell on November 27th, with the average ex factory price of 1626.67 RMB/ton, down 1.01%. On November 27, the commodity index of light soda ash was 83.42, down 0.85 points from the previous day, down 29.22% from 117.86 (2017-11-21), the highest point in the cycle, and up 32.10% from 63.15, the lowest point on November 18, 2015. (Note: cycle refers to 2011-09-01 to now)
Analysis review
From the perspective of supply, the domestic soda ash market in Northeast China is affected by the start-up of Liaoning Dahua, the supply is improved, and the wait-and-see atmosphere is strong. In addition, at present, there is no environmental protection policy pressure on domestic soda ash enterprises, which leads to the increasing inventory of production enterprises However, due to environmental protection policies, the demand for light alkali in downstream factories is weak; due to the weak start-up load of downstream enterprises, the demand for heavy alkali in glass industry is reduced, and the enthusiasm of end users and traders is not high. At present, the glass industry is weak and stable, and the demand is slowing down.
Market outlook
According to the soda ash analyst of SunSirs, the starting load of soda ash manufacturers remains high, the downstream demand of domestic soda ash is limited, the price of the oversupply market goes down, the mentality of the operators is low, and the domestic soda ash market is still difficult to improve greatly in the short term. It is expected that the market situation of soda ash will continue to be weak and sorted out.
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