1、 Price trend

According to the commodity analysis system of Shengyi Society, the price trend of soda ash has slightly decreased this week. As of March 14th, the average market price of soda ash was 1512 yuan/ton, a decrease of 0.40% compared to the March 7th soda ash price of 1518 yuan/ton, and an increase of 0.93% compared to the beginning of the month.

2、 Market analysis

This week, the soda ash market has been consolidating and declining. The on-site equipment remained stable with small movements, and the utilization rate of soda ash production capacity was slightly reduced during the week. Overall, the manufacturer’s quotation remained firm, but the downstream market performance was weak, and the price trend was lowered. Follow up on soda ash demand was necessary, and actual market transactions were limited. Some companies had poor shipments, and the focus of soda ash transactions shifted slightly downwards.

As of March 14th, the reference price for the soda ash market in East China is around 1420-1550 yuan/ton for light soda ash, with a price reduction of 60 yuan/ton within the week; The reference price for the soda ash market in Central China is around 1350-1550 yuan/ton for light soda ash, with a price reduction of 50 yuan/ton.

According to the commodity analysis system of Shengyi Society, the downstream glass market continues to decline. From March 7th to 14th, glass prices fell from 15.28 yuan/square meter to 14.92 yuan/square meter, a decrease of 2.36%. The downstream glass market has seen an increase in production, an increase in market inventory, weak downstream demand, insufficient market transactions, accumulation of glass inventory, and continuous decline in market prices.

In the future forecast, there will be little change in domestic soda ash facilities, and the utilization rate of production capacity will remain at a medium high level. The increase in market supply is limited, and the downstream market is weak. The enthusiasm for entering the market for procurement is not high, and the supply and demand in the market are relatively balanced. It is expected that soda ash will operate smoothly in the short term, and specific attention will be paid to downstream demand follow-up.