1、 Price trend
According to the commodity analysis system of Business Society, the price of soda ash has been consolidating this week. At the beginning of the week, the average market price was 2380 yuan/ton, while on the weekend, the average market price was 2370 yuan/ton, a decrease of 0.42%, a decrease of 12.35% compared to the same period last year. On February 1st, the commodity index of light soda ash was 121.54, unchanged from yesterday, a decrease of 35.73% from the highest point of 189.10 points (2021-11-07) in the cycle, and an increase of 92.46% from the lowest point of 63.15 points on November 18th, 2015. (Note: The cycle refers to the period from September 1st, 2011 to present)
2、 Market analysis
According to the commodity analysis system of Business Society, the price of soda ash has been consolidating this week. The prices of soda ash in the central China region are consolidating, with the mainstream market price of light soda ash around 2100-2400 yuan/ton. The prices of soda ash in the eastern China region are consolidating, with the mainstream market price of light soda ash around 2200-2400 yuan/ton. Data shows that the operating rate of soda ash this week is around 88%.
In terms of demand: According to the commodity analysis system of Business Society, the price of glass has slightly increased, with an average market price of 22.23 yuan/square meter at the beginning of the week and 22.27 yuan/square meter at the weekend, with a slight increase of 0.18% and a year-on-year increase of 12.53%. Glass downstream is purchased on demand.
According to the price monitoring of Business Society, in the 4th week of 2024 (1.22-1.26), there was one commodity that rose, three commodities that fell, and three commodities that rose or fell to zero in the chlor alkali industry price list. The main rising commodities include PVC (0.83%); The main commodities falling are: light soda ash (-2.46%), flake alkali (-1.00%), and baking soda (-0.07%). The average increase and decrease this week is -0.39%.
According to the Commodity Analysis System of Shengyishe, the price of light soda ash has remained stable and stable, with little overall fluctuation in spot prices. On the supply side, there is a high level of fluctuation in production, while downstream demand is not active in procurement. At the end of the pre holiday stocking stage, the demand is average, and multi-dimensional support is needed to replenish inventory. It is expected that the operation of caustic soda in the later stage may fluctuate steadily, depending on downstream market demand.
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