1、 Price trend
According to the commodity analysis system of Shengyi Society, as of November 26th, the average market price of soda ash was 1556 yuan/ton. Compared with the soda ash price of 1546 yuan/ton on November 20th, the price has increased by 10 yuan/ton, an increase of 0.65%.
2、 Market analysis
Recently, the soda ash market has seen a slight increase. On the supply side, there are equipment shutdowns and maintenance on site, resulting in a slight decrease in the utilization rate of soda ash production capacity. In some areas, prices have slightly increased, but downstream demand is average, and the market trading atmosphere is weak, which provides insufficient support for soda ash. The price increase has been suppressed, and the overall soda ash market is stable with small fluctuations.
As of November 26th, the reference price for the soda ash market in East China is around 1450-1600 yuan/ton for light soda ash, with an increase of 30 yuan/ton within the week; The reference price for the soda ash market in Central China is around 1380-1550 yuan/ton for light soda ash, with an increase of 10 yuan/ton within the week.
According to the commodity analysis system of Shengyi Society, the downstream glass market is weak and declining. From November 20th to 26th, glass prices fell from 16.65 yuan/square meter to 16.40 yuan/square meter, a decrease of 1.50%. Some production lines in the glass market have resumed production, with an increase in operating rates and an increase in on-site inventory supply. Downstream follow-up is average, with a focus on entering the market according to demand. Overall, manufacturers have limited shipments, and the on-site mentality is bearish, resulting in a continued decline in glass prices.
Future forecast: Currently, there is little change in domestic soda ash production capacity, and the inventory of spot soda ash plants is still high. There is still pressure on enterprises to ship, and the downstream glass market continues to be weak, providing insufficient support for the soda ash market demand and limited market transactions. It is expected that soda ash will operate stably in the short term, and specific attention will be paid to downstream demand follow-up.
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