SunSirs: The Soda Ash Market in November First Fell and Then Stabilized

https://www.chemnet.com   Nov 13,2024 SunSirs

Price trend

According to the commodity analysis system of SunSirs, the price of light soda ash first fell and then stabilized in November. As of November 11th, the average market price of soda ash was 1,536 RMB/ton, a decrease of 48 RMB/ton or 3.03% compared to the price of 1,584 RMB/ton on November 1st.

Under the dominance of bearish sentiment, the rise of adipic acid market was weak

According to the commodity analysis system of SunSirs, the soda ash market has been mainly weak since November. On the supply side, the utilization rate of soda ash production capacity was at a high level, and the market supply of goods was sufficient. Manufacturers negotiated shipments, but the transaction price was low. In terms of demand, downstream procurement enthusiasm was not high, and the consumption of soda ash was not significant. On site trading is limited, and the sales pressure of soda ash enterprises still existed. The soda ash market was operating weakly and steadily.

As of November 11th, the reference price for the soda ash market in East China was around 1,420-1,600 RMB/ton for light soda ash; The reference price for the soda ash market in Central China was around 1,370-1,600 RMB/ton for the mainstream price of light soda ash.

According to the commodity analysis system of SunSirs, the downstream glass market has risen strongly. From November 1st to 11th, the price of glass increased from 15.95 RMB/square meter to 16.75 RMB/square meter, an increase of 5.02%. The downstream demand in the glass market was highly active, with smooth shipments from manufacturers and significant destocking in the market. The favorable conditions in the market continue, and glass prices are rising steadily.

Market outlook

As of November 12th, the utilization rate of domestic soda ash production capacity had declined, and the inventory of spot soda ash plants had slightly decreased. Enterprises were actively shipping, and downstream glass prices were relatively strong. However, the demand for soda ash market was limited, and market transactions were limited. Under the supply-demand game, it is expected that soda ash will operate steadily in the short term, and specific attention will be paid to downstream demand follow-up.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

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