1、 Price trend

According to the commodity analysis system of Shengyi Society, the price trend of soda ash has slightly decreased this week. As of February 21, the average market price of soda ash was 1420 yuan/ton, a decrease of 0.28% compared to the soda ash price of 1424 yuan/ton on February 15, and a decrease of 4.95% compared to the beginning of the month.

2、 Market analysis

This week, the soda ash market has experienced a narrow downward trend. The on-site equipment is running smoothly, and the capacity utilization rate has increased compared to last week. The inventory of soda ash is rising synchronously, and the downstream market fluctuates narrowly, resulting in insufficient demand for soda ash. In some areas, soda ash companies have poor shipments, and the focus of transactions has shifted downwards. The on-site supply is weak, and the overall market is running weakly.

As of February 21st, the reference price for the soda ash market in East China is around 1320-1500 yuan/ton for light soda ash, and the price remains stable; The reference price for the soda ash market in Central China is around 1300-1420 yuan/ton for light soda ash, and the price remains stable.

According to the commodity analysis system of Shengyi Society, the downstream glass market first fell and then rose. From February 15th to 21st, glass prices fell from 16.45 yuan/square meter to 16.30 yuan/square meter, a decrease of 0.91%. The downstream glass market has seen an increase in production and inventory levels, with downstream demand following suit as needed. The trading atmosphere in the market is average, and glass prices are weakly consolidating.

Future forecast: Currently, the operating rate of domestic soda ash continues to be high, the market inventory is sufficient, the sales pressure of spot alkali plants still exists, the downstream market is weak, market trading is limited, and the mentality of operators is deadlocked. It is expected that soda ash will continue to operate weakly and steadily in the short term, and specific attention will be paid to downstream demand follow-up.