1、 Price trend
According to the commodity analysis system of Shengyi Society, the price trend of soda ash remained stable this week. As of May 25th, the average market price of soda ash was 1394 yuan/ton, which was the same as the soda ash price on May 19th and a decrease of 0.99% from the beginning of the month.
2、 Market analysis
The soda ash market has been running steadily this week. The operating rate of supply side equipment has decreased compared to last week, the supply of market goods has decreased, and the quotes of soda ash enterprises have remained firm; The enthusiasm for purchasing on the demand side is not high, the terminal trading is weak, and downstream support for soda ash is limited. Enterprises are adopting a wait-and-see attitude, and the focus of soda ash transactions is stable.
As of May 25th, 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 1270-1400 yuan/ton for light soda ash.
According to the commodity analysis system of Shengyi Society, the downstream glass market is being organized and operated. From May 19th to 25th, the price of glass decreased from 14.55 yuan/square meter to 14.40 yuan/square meter, a decrease of 1.03%. The operation of glass market facilities has not changed much, downstream demand is average, and inventory consumption is the main factor. Glass inventory is weak, and market prices are weak.
Future forecast: Currently, some soda ash facilities are undergoing maintenance, and the market capacity utilization rate is not high. Soda ash companies’ quotations remain stable, but downstream demand is limited. The market transaction atmosphere is average, and there is a supply-demand game in the market. It is expected that the soda ash market will operate steadily in the later stage, and specific attention will be paid to downstream demand follow-up.
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