1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of light soda ash remained stable on January 23, with a market average price of 1494 yuan/ton, unchanged from the previous trading day’s price of 1494 yuan/ton, and a 2.23% decrease from the beginning of the month. On January 23, the Business Society’s light soda ash index was 76.62, unchanged from yesterday, a decrease of 59.48% from the cycle’s highest point of 189.10 points (2021-11-07), and an increase of 21.33% from the lowest point of 63.15 points on November 18, 2015. (Note: The cycle refers to the period from September 1, 2011 to present)

2、 Market analysis

On January 23rd, the soda ash market operated steadily. The operating rate of the supply side soda ash plant is still at a high level, the market supply of goods is sufficient, and the inventory pressure of manufacturers is relatively high, maintaining active shipment; On the demand side, the terminal market prices are generally average, with limited replenishment demand and insufficient support for soda ash. Enterprises are adopting a wait-and-see attitude, and soda ash quotations remain stable.

On the demand side: According to the commodity analysis system of Shengyi Society, glass prices were lowered on January 23, with a market average price of 16.30 yuan/square meter, a decrease of 1.81% compared to the previous trading day’s price of 16.60 yuan/square meter. The glass market equipment has not changed much, and the production has remained stable. The downstream stocking demand has weakened, and the market trading atmosphere is average. The glass market is weak and declining.

Future forecast: Currently, the utilization rate of domestic soda ash production capacity is high, the inventory of spot soda ash plants is sufficient, and the downstream glass market is weak. The demand for soda ash is average, and there is a supply-demand game in the market. It is expected that the soda ash market will operate weakly, depending on downstream market demand.