1、 Price trend
According to the commodity analysis system of Shengyi Society, the price of light soda ash remained stable on September 8th, with a market average price of 1186 yuan/ton, a decrease of 24 yuan/ton compared to the beginning of the month price of 1210 yuan/ton, a decrease of 1.98% from the beginning of the month.
2、 Market analysis
Since September, the soda ash market has continued to operate weakly. On the demand side, downstream follow-up is average, with low enthusiasm for entering the market and a small amount of low-priced essential purchases; On the supply side, the overall utilization rate of soda ash production capacity has improved, market inventory has increased, and some enterprises have shifted their focus of transactions to promote shipments. The fundamental situation in the market continues to be strong in supply and weak in demand.
On the demand side: According to the commodity analysis system of Shengyi Society, the glass market has fluctuated narrowly since September, with an average market price of 14.00 yuan/square meter as of the 8th, an increase of 0.86% from the beginning of the month. The glass market production line is running steadily, with a small number of terminal purchases following up. The trading atmosphere on site is still acceptable, and the market supply and demand are relatively stable. Some companies have good shipments, and glass prices have slightly increased.
Future forecast: Currently, the domestic soda ash spot market is mainly weak and stable, with high market inventory and lack of confidence among industry players. The downstream glass market is in urgent need of follow-up, with limited support for soda ash and a supply-demand game within the market. It is expected that the soda ash market will experience weak consolidation in the later stage, depending on downstream market demand.
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