SunSirs: Recently, the Price of Soda Ash Had Been Running Weakly (June 17-26)

https://www.chemnet.com   Jun 27,2024 SunSirs

Price trend

According to the commodity analysis system of SunSirs, the price of soda ash had been weak recently. At the beginning of June 17th, the average market price was 2,120 RMB/ton. On June 26th, the average market price was 2,090 RMB/ton, a decrease of 1.42% and an increase of 6.63% compared to the same period last year.

On June 26th, the commodity index of light soda ash was 107.18 points, unchanged from the previous day, a decrease of 43.32% from the highest point of 189.10 points (2021-11-07) in the cycle, and an increase of 69.72% from the lowest point of 63.15 points on November 18th, 2015. (Note: The cycle refers to the period from September 1st, 2011 to present)

Analysis review

According to the commodity analysis system of SunSirs, the price of soda ash had been weak recently. Downstream enthusiasm was not high, and many market entries followed up according to demand. The market trading atmosphere was average, and enterprise transactions were limited. With the accumulation of market inventory, the price of soda ash had been adjusted downward. As of June 26, 2024, the prices of soda ash in East China had mainly stabilized, with mainstream market quotations for light soda ash around 2,000-2,250 RMB/ton. The prices of soda ash in Central China had also stabilized, with mainstream market quotations for light soda ash around 1,900-2,100 RMB/ton.

In terms of demand: According to the commodity analysis system of SunSirs, the price of glass had dropped. On June 17th, the market average price was 20.23 RMB/square meter, and on June 26th, the market average price was 19.82 RMB/square meter, a price drop of 2.03%. Glass downstream purchased on demand.

According to the price monitoring of SunSirs, in the 25th week of 2024 (6.17-6.21), there were 0 products that rose, 4 products that fell, and 3 products that rose or fell to 0 in the chlor alkali industry price list. The main commodities falling included PVC (-1.28%), light soda ash (-0.71%), and baking soda (-0.51%). The average increase and decrease this week was -0.43%.

Market outlook

According to the commodity analysis system of SunSirs, the price of soda ash was operating weakly, with slight fluctuations in spot alkali plant equipment and relatively high supply. In terms of downstream demand, procurement was not active, and mostly maintained replenishing inventory on demand. Overall, it is expected that soda ash may be consolidated to be weaker in the later stage, depending on downstream market demand.

If you have any questions, please feel free to contact SunSirs with?support@SunSirs.com.

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