1、 Price trend
According to the commodity analysis system of Shengyi Society, the price trend of soda ash has increased this week. As of April 30th, the average market price of soda ash was 1408 yuan/ton, an increase of 0.57% compared to the soda ash price of 1400 yuan/ton on April 26th, and a decrease of 1.81% compared to the beginning of the month.
2、 Market analysis
This week, the soda ash market has shown a strong upward trend. The operating rate of supply side equipment remains high, and the market supply is sufficient. However, with the release of some equipment maintenance news in the soda ash market in May, the enterprise’s mentality is optimistic. In addition, with the follow-up of downstream replenishment before the holiday, the transaction price of soda ash has been raised.
As of April 30th, the reference price for the soda ash market in East China is around 1300-1500 yuan/ton for light soda ash; The reference price for the soda ash market in Central China is around 1240-1400 yuan/ton for light soda ash, which is stable compared to last Friday.
According to the commodity analysis system of Shengyi Society, the downstream glass market continues to remain stable. From April 26th to 30th, glass prices remained at 15.58 yuan/square meter. The capacity utilization rate of the glass market remains unchanged, downstream demand is still acceptable, market consumption is slow, glass inventory is stable, and market prices are operating on a wait-and-see basis.
Future forecast: The maintenance of some soda ash plants in May will have a positive impact on the market. At the same time, the downstream market will remain strong, and the atmosphere for soda ash transactions will be good. It is expected that soda ash prices will be strong and upward in the later period, and specific attention will be paid to downstream demand follow-up.

According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid in April first rose and then fell. As of April 29th, the price was 2700 yuan/ton, a decrease of 110 yuan/ton compared to the price of 2810 yuan/ton at the beginning of the month, a decrease of 3.91% during the month.
As of the end of the month, the market price details of acetic acid in various regions of China in April are as follows:
Region /On April 1st /On April 15th /April 29th
South China region /2800 yuan/ton /2750 yuan/ton /2650 yuan/ton
North China region /2710 yuan/ton /2765 yuan/ton /2640 yuan/ton
Shandong region /2750 yuan/ton .//2780 yuan/ton /2640 yuan/ton
Jiangsu region /2625 yuan/ton /2600 yuan/ton./2500 yuan/ton
Zhejiang region /2850 yuan/ton /2825 yuan/ton /2700 yuan/ton
In early April, the price of acetic acid slightly increased, mainly due to the maintenance of main factories in Shandong, which led to a decrease in the utilization rate of acetic acid production capacity and a bullish attitude among industry players. As a result, the acetic acid quotation was adjusted upwards; In the second half of the year, as the maintenance equipment increased its load and operation, the market supply increased, while downstream purchases were flat. The trading atmosphere in the market was relatively weak, and the mentality of industry players gradually became bearish. In some areas, the focus of transactions shifted downwards. Downstream demand remained weak before the holiday, and manufacturers faced significant sales pressure. Under the supply-demand game, the price of acetic acid fell weakly.
The methanol market on the raw material side is fluctuating and declining. As of April 29th, the average price in the domestic market was 2437.50 yuan/ton, a decrease of 5.52% compared to the beginning of the month price of 2580.00 yuan/ton. Under the influence of crude oil and policies within the month, the domestic methanol market experienced a significant decline. Subsequently, the port market continued to weaken, affecting the weak rise of the spot market. Downstream consumers remained cautious about high prices, resulting in insufficient favorable demand for methanol and overall weak fluctuations in the market.
Market forecast: Business Society analysts believe that the current bearish atmosphere in the acetic acid market is evident, with high utilization rates of supply capacity and sluggish shipments from enterprises. Downstream pre holiday stocking sentiment is average, market trading is limited, and there is a clear trend of oversupply in the market. It is expected that the acetic acid market group will continue to operate weakly, and specific attention will be paid to downstream follow-up situations.

According to the monitoring of the commodity market analysis system of Shengyi Society, the magnesium ingot market in Shaanxi Province continues to decline, with an average market price of 16550 yuan/ton at the end of the month and 16970 yuan/ton at the beginning of the month, a decrease of 2.50%.
This month’s market analysis
Magnesium prices showed a continuous downward trend in April, with prices stabilizing at 16550 yuan/ton from mid month to the end of the month without any significant rebound, indicating a loose supply-demand relationship in the market.
Supply and demand side
On the supply side, the magnesium industry is currently showing a tight supply-demand balance, with the output and inventory of major production enterprises operating in a low range. Top manufacturers maintain market bargaining power through price strategies. However, it should be noted that as some suspended production enterprises in the main production areas accelerate their resumption of work and production, it is expected that new production capacity will be released before the end of this month, and the overall operating rate of the industry will show a stepped upward trend.
On the demand side, after completing the phased centralized warehousing, the market digestion pace has significantly slowed down. At the same time, overseas orders are about to enter a centralized delivery cycle, but the momentum released by terminal demand is still insufficient. Downstream buyers are constrained by market wait-and-see sentiment and generally adopt a “sales based procurement” strategy, executing procurement plans only for rigid orders. In the international market, overseas buyers have lowered prices, resulting in a significant increase in the difficulty of landing export orders and continued pressure on market transaction activity.
In terms of raw materials
In April, the price of ferrosilicon was dragged down by the manganese silicon market (the average price of silicon and manganese in Ningxia fell by 4.04%), easing cost pressures and passively expanding profit margins for magnesium plants, stimulating production enthusiasm. The resumption of ferrosilicon production capacity in Inner Mongolia and other regions, coupled with loose supply of raw materials, further weakens the bottom support of magnesium prices.
The current situation of stable price operation in the Lantan market. Most production enterprises have inventory at a median level, and with the expectation of cost support, their willingness to raise prices has increased, maintaining a dynamic balance between market supply and demand.
Future forecast
The support on the raw material side has weakened. In terms of supply and demand, an increase in supply and a decrease in demand have led to a decline in magnesium prices. In the short term, magnesium prices may continue to fluctuate weakly.

According to the monitoring of the commodity market analysis system of Shengyi Society, as of April 18th, the price of lead 1 # was 16900 yuan/ton, a decrease of 0.09% from the lead price of 16915 yuan/ton on April 14th.
This week’s market analysis
This week, lead prices experienced a slight decline due to weak consolidation within the range.
Raw material end
The bullish expectations of recyclers continue to ferment, and the current inventory of recycled lead raw materials is still significantly lower than the historical average level of the same period. The reason behind this is that the amount of discarded lead-acid batteries is showing a decreasing trend, coupled with intensified competition in recycling channels, leading to a weakened supply elasticity in the waste battery market. Prices are easily affected by short-term supply-demand mismatches and maintain a pattern of easy rise but difficult fall.
supply end
In April, domestic northern mines were still in the stage of capacity ramp up. Currently, the raw material inventory of smelters remains relatively abundant, and the overall supply system of the mining end is running smoothly without significant fluctuations. The weekly processing fee index for domestic lead concentrate remained unchanged from last week, and there was no significant change in the profit transmission mechanism at the mining end. Regenerated lead smelting enterprises are facing significant cost inversion pressure, squeezed by high raw material procurement costs and weak downstream consumption. It is expected that the number of production reduction enterprises will further increase next week, and there is a downward risk in the industry’s capacity utilization rate.
demand side
The May Day holiday is approaching, and downstream battery production companies have gradually launched raw material inventory and stocking plans based on production linkage and raw material supply assurance considerations. Although the current procurement behavior has not yet shown a trend of concentrated volume, driven by the expected release of downstream stage replenishment demand, the market trading atmosphere is transitioning from cautious observation to a moderate recovery, and the overall activity is expected to steadily increase during the pre holiday window period.
comprehensive analysis
It is expected that in the short term, the central price of lead will show a moderate upward trend in the game of macroeconomic sentiment disturbance and fundamental support, with the upward range mainly consisting of narrow range fluctuations.

According to the monitoring of the commodity market analysis system of Shengyi Society, the 1 # tin ingot market in East China fell this week (4.14-4.18), with an average market price of 261640 yuan/ton at the beginning of the week and 256950 yuan/ton at the end of the week, a weekly decline of 1.79%.
On the supply side, the Wa State of Myanmar officially announced the process for obtaining mining and exploration permits at the end of February. Based on the actual situation, the resumption of production in its mining area may require a preparation period of three months. This situation may lead to a reduction in the amount of tin ore imported from Myanmar in April. At the same time, domestic tin concentrate processing fees are showing a fluctuating downward trend. Taking into account various factors, it may indicate that the domestic tin ore supply is expected to tighten. Although there is expected to be an increase in the supply of waste tin, the scale of the increase is constrained by multiple factors such as the waste tin recycling system and raw material quality, making it difficult to fundamentally reverse the current tight supply situation. However, this change may lead to an increase in China’s production of recycled tin in April. In addition, the inventory of refined tin in China showed a downward trend in April.
On the demand side, in April, the production capacity and vitality of China’s tin and solder industry increased, and the operating rate showed an upward trend; The import and export trade scale of China’s welding strip industry in April may shrink, and the import and export volume is expected to decrease; The production pace of China’s tinplate industry may slow down in April, and the production volume may decline.
comprehensive analysis
The short-term trend of tin price reduction has been delayed, and the news has affected consumption. After the bottom of the oscillation, the range fluctuates.