SunSirs: The Price of Soda Ash Had Been Running Weakly in Recent Times

https://www.chemnet.com   Aug 01,2024 SunSirs

Price trend

According to the commodity analysis system of SunSirs, the price of soda ash decreased in late July. As of July 31st, the average market price of soda ash was 1,904 RMB/ton, a decrease of 1.65% compared to the price of 1,936 RMB/ton on July 21st, and a decrease of 4.61% compared to the beginning of the month.

Analysis review

According to the commodity analysis system of SunSirs, the soda ash market weakened and declined in late July. On the supply side, the soda ash plant was operating normally, with a relatively high capacity utilization rate and sufficient inventory in the soda ash market; On the demand side, the terminal market continued to decline, downstream demand was weak, and many were seeking low-priced purchases. Market trading was limited, and enterprise inventory had accumulated. Under the game of supply and demand, the market price of soda ash had been lowered. As of July 31st, the price of soda ash in East China had fallen, with the mainstream market price of light soda ash being around 1,750-2,000 RMB/ton. In Central China, the price of soda ash had declined, with the mainstream market price of light soda ash being around 1,700-1,850 RMB/ton.

On the demand side: According to the commodity analysis system of SunSirs, glass prices had continued to decline. As of July 31st, the market average price was 17.24 RMB/square meter, a decrease of 3.36% compared to the market average price of 17.84 RMB/square meter on July 21st. The glass market was operating at a high level, downstream demand was weak, on-site supply exceeded demand, actual transactions were limited, 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 were 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 still at a relatively high level, and the inventory of spot alkali plants had accumulated, indicating sufficient market supply; Downstream mainly replenished inventory on demand, and the demand performance was average. The destocking of soda ash was limited, and it is expected that soda ash will continue to 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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