1、 Price trend
According to the commodity analysis system of Shengyi Society, the average market price of light soda ash on November 28th was 1224 yuan/ton, which was the same as the price of 1224 yuan/ton on November 21st. The price trend of soda ash remained stable throughout the week.
2、 Market analysis
This week, the soda ash market has been running steadily, with downstream production decreasing and demand for soda ash decreasing. Market transactions urgently need to follow up, and some supply side enterprises have reduced or maintained their equipment. The soda ash production rate has declined, which has supported the market mentality. The basic pattern of strong supply and weak demand for soda ash has not improved, and the mentality of operators is cautious. The soda ash price market is running steadily.
On the demand side: According to the commodity analysis system of Shengyi Society, the glass market fell first and then rose this week. As of November 28th, the average market price was 13.68 yuan/square meter, an increase of 1.48% compared to the price of 13.48 yuan/ton on November 21st. This week, the operating rate of the glass market has slightly decreased, downstream purchasing enthusiasm has increased, enterprise shipments have been good, glass social inventory has decreased, and glass prices have risen narrowly.
Future forecast: Currently, the domestic soda ash spot market is mainly stabilizing, and the production capacity of supply side equipment is recovering in the later stage. The expected operating rate is rising, and the downstream market has stopped falling and rebounded. The purchase of soda ash may increase. It is expected that the soda ash market will remain stagnant and operate steadily, and specific attention will be paid to the market shipment situation.
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