SunSirs: The Price of Soda Ash Was Running Weakly and Steadily

https://www.chemnet.com   Jul 31,2024 SunSirs

Price trend

According to the commodity analysis system of SunSirs, the price of soda ash had been running steadily this week. On July 28th, the average market price of soda ash was 1,926 RMB/ton, which was the same as the price at the beginning of the week and a decrease of 3.51% compared to the beginning of the month.

Analysis review

According to the commodity analysis system of SunSirs, the soda ash market had been weak and stable this week. On the supply side, the utilization rate of soda ash production capacity had increased month on month this week, with an increase in soda ash production and sufficient market inventory; On the demand side, the terminal market was running weakly, downstream demand was weak, and there was a tendency to seek low-priced purchases. The market trading atmosphere was average, and enterprise shipments were decreasing. Under the supply-demand game, the soda ash market was running weakly. As of July 26th, the prices of soda ash in East China had been adjusted downwards, with the mainstream market price of light soda ash being around 1,950-2,050 RMB/ton. The price of soda ash in Central China was running weakly, with the mainstream market price of light soda ash being around 1,750-1,900 RMB/ton.

On the demand side: According to the commodity analysis system of SunSirs, glass prices continued to decline. As of July 28th, the market average price was 17.59 RMB/square meter, a decrease of 1.01% compared to the market average price of 17.77 RMB/square meter on July 22nd. The glass market was operating at a high level, downstream demand was weak, on-site supply exceeded demand, and glass prices continued to decline.

According to the price monitoring of SunSirs, in the 30th week of 2024 (7.22-7.26), there was a total of 1 commodity that rose, 3 commodities that fell, and 2 commodities with zero rise and fall in the chlor alkali industry price list. The main commodities experiencing an increase were: calcium carbide (0.62%); The main commodities experiencing a decline are baking soda (-2.10%), PVC (-0.80%), and caustic soda (-0.25%). The average increase or decrease this week was -0.42%.

Market outlook

According to the commodity analysis system of SunSirs, the operating rate of soda ash plants was relatively high, the inventory of spot alkali plants was accumulated, and the market supply was sufficient; Downstream demand was weak, multi-dimensional demand for rigid needed replenishment, and the general destocking of soda ash. It is expected that soda ash will be weakly consolidated 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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