1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of soda ash has slightly decreased recently (8.20-8.27). As of August 27th, the average market price of soda ash was 1810 yuan/ton, a decrease of 10 yuan/ton compared to the price of 1820 yuan/ton on August 20th, a decrease of 0.55%, and a month on month decrease of 6.02%.

2、 Market analysis

According to the commodity analysis system of Shengyi Society, the soda ash market is weakly consolidated. On the supply side, the utilization rate of soda ash production capacity has increased, with a slight increase in soda ash output and an overall increase in manufacturers’ total inventory performance; On the demand side, there is an expectation of cold repair in the terminal market, and the downstream glass industry mainly consumes inventory, resulting in limited procurement of soda ash. The market supply is strong and demand is weak, and soda ash prices continue to operate weakly. As of August 27th, the price of soda ash in East China is weakly stable, with mainstream market prices for light soda ash ranging from 1650-1970 yuan/ton; The price of soda ash in central China remains stable, with mainstream market prices for light soda ash ranging from 1550-1850 yuan/ton.

On the demand side: According to the commodity analysis system of Shengyi Society, the glass price market continues to decline, with an average market price of 15.92 yuan/square meter as of August 27th, a decrease of 2.75% compared to the average market price of 16.37 yuan/square meter on August 20th. The inventory in the glass market is sufficient, downstream demand is weak, and the market is bearish. Currently, some production lines have undergone cold repairs, and glass prices will continue to be weak in the future.

According to the price monitoring of Shengyi Society, in the 34th week of 2024 (8.19-8.23), there was a total of 1 commodity that rose, 3 commodities that fell, and 2 commodities with zero rise and fall in the chlor alkali industry price list. The main commodities experiencing an increase are: caustic soda (0.75%); The main commodities experiencing a decline are baking soda (-1.49%), light soda ash (-0.55%), and PVC (-0.22%). The average increase or decrease this week is -0.25%.

Future forecast: Currently, the operating rate of domestic soda ash plants is relatively high, the inventory of spot soda ash plants is sufficient, downstream glass industry has cold repair expectations, demand remains weak, soda ash market transactions are average, and there is a lack of favorable market conditions. Overall, it is expected that soda ash will operate weakly and steadily in the short term, depending on downstream market demand.