1、 Price trend

According to the monitoring data of business agency, the price trend of soda ash this week is stable. During the week, the average market price from East China to the weekend was 1550 yuan / ton, and the operation price was relatively stable. The commodity index of light soda ash on February 20 was 79.49, unchanged from yesterday, down 32.56% from 117.86 (2017-11-21), the highest point in the cycle, and up 25.87% from 63.15, the lowest point on November 18, 2015. (Note: cycle refers to 2011-09-01 to now)

2、 Market analysis

Product: the domestic soda price this week is weak and stable, and the market trading atmosphere is general. The overall trend of soda ash in North China is temporarily stable. The current mainstream market price of light soda ash is about 1570-1600 yuan / ton, and the mainstream market price of heavy soda ash is 1550-1600 yuan / ton. The actual transaction is relatively flexible. It is expected that the price of soda ash will be more narrow in the short term. The overall trend of soda ash in East China is temporarily stable. The current mainstream market price of light soda ash is about 1350-1550 yuan / ton, and the mainstream market price of heavy soda ash is 1500-1700 yuan / ton. The downstream is mainly rigid and requires procurement. It is expected that the price of soda ash will be more stable in the short term. The overall trend of soda ash in Central China is temporarily stable. The mainstream market price of light soda ash is about 1300-1350 yuan / ton. The mainstream market price of heavy soda ash is 1400-1500 yuan / ton. Most of the downstream soda needs to be purchased. It is expected that the price of soda ash will be more sorted and operated in the short term.

Demand: affected by the epidemic situation, soda ash enterprises have not started enough. The market of soda ash is stable, and the market fundamentals have not changed significantly. It is constrained by the demand logistics. The downstream demand is general and the market is light. According to the price monitoring of the business agency, in the sixth week of 2020 (2.10-2.14), there is a total of 1 rising commodity, 1 falling commodity and 3 rising and falling commodities. The main commodities rising were caustic soda (2.16%); the main commodities falling were PVC (- 1.10%). This week’s average was 0.21%.

3、 Future forecast

According to the soda ash analyst of the business association, the recent domestic soda ash manufacturers’ shipment situation is general, the downstream demand is general, and the traders are more cautious to wait on the market. It is expected that the market fundamentals will not improve significantly in the short term, the supply and demand of soda ash will not be smooth, and the market of soda ash in the next week may maintain a weak and stable market.