SunSirs: On July 25th, the Soda Ash Market in East China Was on the Sidelines

https://www.chemnet.com   Jul 26,2024 SunSirs

Price trend

On July 25th, the price of soda ash in East China remained unchanged, and the mainstream market for light soda ash was around 1,850-2,050 RMB/ton. On July 22nd, it was lowered by 50-100 RMB/ton; The mainstream market for heavy soda ash was around 2,000-2,200 RMB/ton, and the market price was lowered by 50 RMB/ton on July 17th.

Analysis review

As of July 25th, the on-site operating rate was relatively high, and manufacturers had sufficient inventory to maintain active shipments. The terminal market continued to be weak, and downstream market entry enthusiasm was not high. They followed up with small amount on demand, and on-site transactions were limited, resulting in accumulated inventory of enterprises.

Market outlook

It is expected that the soda ash market will remain stagnant and consolidate in the short term.

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