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SunSirs: Soda Ash Prices Were Adjusted to Be Weaker (August 20-27)

https://www.chemnet.com   Aug 29,2024 SunSirs

Price trend



According to the commodity analysis system of SunSirs, the price of soda ash had slightly decreased recently (8.20-8.27). As of August 27th, the average market price of soda ash was 1,810 RMB/ton, a decrease of 10 RMB/ton compared to the price of 1,820 RMB/ton on August 20th, a decrease of 0.55%, and a month on month decrease of 6.02%.



Analysis review



According to the commodity analysis system of SunSirs, the soda ash market was weakly consolidated. On the supply side, the utilization rate of soda ash production capacity increased, with a slight increase in soda ash output and an overall increase in manufacturers' total inventory performance; On the demand side, there was an expectation of cold repair in the terminal market, and the downstream glass industry mainly consumed inventory, resulting in limited procurement of soda ash. The market supply was strong and demand was weak, and soda ash prices continued to operate weakly. As of August 27th, the price of soda ash in East China was weakly stable, with mainstream market prices for light soda ash ranging from 1,650-1,970 RMB/ton; The price of soda ash in central China remained stable, with mainstream market prices for light soda ash ranging from 1,550-1,850 RMB/ton.



On the demand side: According to the commodity analysis system of SunSirs, the glass price market continued to decline, with an average market price of 15.92 RMB/square meter as of August 27th, a decrease of 2.75% compared to the average market price of 16.37 RMB/square meter on August 20th. The inventory in the glass market was sufficient, downstream demand was weak, and the market was bearish. As of August 27th, some production lines had undergone cold repairs, and glass prices will continue to be weak in the future.



According to the price monitoring of SunSirs, in the 34th week of 2024 (8.19-8.23), 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: caustic soda (0.75%); The main commodities experiencing a decline were sodium bicarbonate (-1.49%), light soda ash (-0.55%), and PVC (-0.22%). The average increase or decrease this week was -0.25%.



Market outlook



As of August 27th, the operating rate of domestic soda ash plants was relatively high, the inventory of spot soda ash plants was sufficient, and there was an expectation of cold repair in the downstream glass industry. Demand continued to be weak, and the soda ash market transactions were average. There was a lack of favorable conditions in the market. Overall, it is expected that soda ash will operate weakly and steadily in the short term, depending on downstream market demand.



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


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