1、 Price trend
According to monitoring data from Business Society, the overall price of soda ash was weak in February. The average market price of light soda ash at the beginning of the month was 2580 yuan/ton, and the average market price at the end of the month was around 2190 yuan/ton, with a price drop of 15.12%, a decrease of 20.94% compared to the same period last year. On February 27th, the commodity index of light soda ash was 112.82, a decrease of 2.05 points from yesterday, a decrease of 40.34% from the highest point in the cycle of 189.10 points (2021-11-07), and an increase of 78.65% from the lowest point of 63.15 points on November 18, 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 overall price of soda ash has been weak this month. This menstrual period is during the Spring Festival holiday, but the main focus is on replenishing inventory in the downstream. The prices of soda ash in the North China region are consolidating, with the mainstream market for light soda ash around 2100-2300 yuan/ton, the mainstream market for light soda ash in the East China region around 2100-2400 yuan/ton, and the mainstream market for light soda ash in the Central China region around 2000-2200 yuan/ton. The device has been stable recently and there are currently no maintenance expectations.
In terms of demand: According to the commodity analysis system of Business Society, the spot price of glass is weak this month. At the beginning of the month, the average price of glass was 22.27 yuan/square meter, and at the end of the month, the average price was 21.99 yuan/square meter. During the month, the price decreased by 1.26%. From a regional perspective, the glass spot market in Shahe, North China is still in good condition, with flexible trading on the market and acceptable manufacturer shipments. The market trading situation in the East China region is average, and downstream demand for goods is high. The overall production and sales in Central China are average, but due to road transportation reasons, the market is relatively light. The production and sales situation of glass in South China is average, and the middle and downstream markets have just recovered, with a focus on restocking in demand. The overall consolidation of glass prices this month is the main trend.
Business Society analysts believe that according to the Business Society commodity analysis system, the price of soda ash is fluctuating. Recently, the production of caustic soda has been relatively stable, and manufacturers have no maintenance plans. Downstream procurement is mainly based on demand, without any positive support. It is expected that the price of caustic soda will fluctuate weakly in the later stage, depending on downstream market demand.
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