1、 Price trend
According to the commodity analysis system of Shengyi Society, the average market price of light soda ash on November 17th was 1224 yuan/ton, an increase of 0.82% compared to the price of 1214 yuan/ton on November 10th, indicating an upward trend in soda ash prices.
2、 Market analysis
Recently, the soda ash market has been strong and upward. Due to slow downstream consumption and average market transactions, some companies on the supply side have reduced their equipment, resulting in a decrease in total soda ash inventory. Some companies currently do not have inventory pressure, and their prices have slightly increased. At the same time, the price of coal on the raw material side has risen, and the cost of soda ash has increased. The mentality of factories is strong, but demand has not improved. The overall market is still dominated by strong supply and weak demand, and soda ash prices fluctuate narrowly.
On the demand side: According to the commodity analysis system of Shengyi Society, the glass market has been weak and declining recently. As of November 17th, the average market price was 13.83 yuan/square meter, a decrease of 1.78% compared to the price of 14.08 yuan/ton on November 10th. The operating rate of the glass market has slightly decreased, downstream demand performance is average, the market procurement atmosphere is sluggish, enterprise shipments are not smooth, glass inventory has accumulated, and the mentality of industry players is weak, resulting in a decline in glass prices.
Future forecast: Currently, domestic soda ash futures are experiencing strong fluctuations, with significant pressure on spot costs. Soda ash companies have a clear intention to rise, and downstream glass market conditions are average, with limited consumption of soda ash. There is still a supply-demand imbalance in the market, and it is expected that the soda ash market will be mainly narrow and strong. Specific attention should be paid to market shipments.