SunSirs: It is Expected that the Price of Soda ash will be Consolidated and Downward

https://www.chemnet.com   Aug 16,2024

Price trend

According to the commodity analysis system of SunSirs, the price of soda ash has been stable and downward this week. As of August 12, the average market price of soda ash was 1,820 RMB/ton, a decrease of 2.88% compared with the price of 1,874 RMB/ton on August 5, and a decrease of 6.95% month-on-month.

Analysis review

According to the commodity analysis system of SunSirs, the soda ash market has been going down this week. On the supply side, the utilization rate of soda ash production capacity fell slightly this week, but the output of soda ash is still relatively high; on the demand side, the terminal market is generally normal, and the downstream purchasing enthusiasm is not high. Most of them are cautious and wait-and-see. The market transaction is limited. Under the game of supply and demand, the soda ash market continues to operate weakly. As of August 12, the price of soda ash in East China has been reduced, and the mainstream market quotation of light soda ash is about 1,750-2,000 RMB/ton; the price of soda ash in Central China is low, and the mainstream market quotation of light soda ash is about 1,650-1,850 RMB/ton.

Demand: According to the commodity analysis system of SunSirs, the price of glass is in a consolidation. As of August 12, the average market price was 17.28 RMB/square meter, an increase of 0.23% compared with the average market price of 17.24 RMB/square meter on August 5. The glass market continued to operate at a high level, and downstream demand was weak, but market news showed that some production lines were expected to be shut down, and glass prices rebounded slightly.

According to SunSirs price monitoring, in the 32nd week of 2024 (8.5-8.9), there were 0 commodities that rose in the price increase and decrease list of the chlor-alkali industry, 3 commodities that fell, and 3 commodities that rose or fell to 0. The main commodities that fell were: baking soda (-1.13%), PVC (-0.44%), and caustic soda flakes (-0.10%). The average increase or decrease this week was -0.28%.

Market outlook

The current operating rate of soda ash units is relatively high, and spot soda ash plants are actively destocking, but the downstream demand is average, and they mostly seek low-price purchases. Soda ash is negotiated for shipment, and the transaction center of gravity is relatively low. The demand side occupies a dominant low position. It is generally expected that soda ash may operate weakly and steadily in the later period, depending on the downstream market demand.

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

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