1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of soda ash slightly increased in October. At the beginning of the month, the average market price of light soda ash was 1182 yuan/ton, and at the end of the month, the average market price was around 1186 yuan/ton. The price increased by 4 yuan/ton during the month, an increase of 0.34%.
2、 Market analysis
According to the Commodity Analysis System of Shengyi Society, the soda ash market was in a consolidation and operation in October. On the supply side, the soda ash plant is operating at a high level, the market supply is sufficient, and there is significant pressure on enterprises to ship; On the demand side, the downstream has a wait-and-see attitude, and the glass inventory is slow, resulting in average actual consumption of soda ash. The fundamental situation continues to be strong in supply and weak in demand, and the market sentiment is bearish. However, due to the rise in coal prices and the pressure on soda ash costs, soda ash companies are mainly stabilizing prices this month.
As of October 31, 2025, the mainstream market price of light soda ash in East China is around 1100-1400 yuan/ton, which remains stable compared to the previous month; The mainstream price of light soda ash in Central China is around 1090-1200 yuan/ton, a decrease of 40-100 yuan compared to the previous period; The mainstream price of light soda ash in North China is around 1170-1270 yuan/ton, a decrease of 30 yuan/ton compared to the previous period.
On the demand side: According to the commodity analysis system of Shengyi Society, glass prices have significantly decreased this month, with the average glass market price dropping by 13.85 yuan/square meter from 15.60 yuan/square meter, resulting in an overall decline of 11.22%. The glass production line operates stably within the month, with little change in operating rate; The demand performance is sluggish, downstream procurement enthusiasm is not high, glass inventory continues to accumulate, enterprise shipments are not smooth, and the glass market is weak and declining.
Market forecast: Soda production capacity continues to grow, supply expectations are bearish, terminal market production is average, downstream demand is weak, and there is insufficient support for soda ash. There is significant pressure on enterprise shipments, and it is expected that soda ash prices will remain weak in November, depending on downstream follow-up.