This week, the soda ash market has shown a strong upward trend

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.