1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of light soda ash first fell and then stabilized in November. As of November 11th, the average market price of soda ash was 1536 yuan/ton, a decrease of 48 yuan/ton or 3.03% compared to the price of 1584 yuan/ton on November 1st.

2、 Market analysis

According to the commodity analysis system of Shengyi Society, the soda ash market has been mainly weak since November. On the supply side, the utilization rate of soda ash production capacity is at a high level, and the market supply of goods is sufficient. Manufacturers negotiate shipments, but the transaction price is low. In terms of demand, downstream procurement enthusiasm is not high, and the consumption of soda ash is not significant. On site trading is limited, and the sales pressure of soda ash enterprises still exists. The soda ash market is operating weakly and steadily.

As of November 11th, the reference price for the soda ash market in East China is around 1420-1600 yuan/ton for light soda ash; The reference price for the soda ash market in Central China is around 1370-1600 yuan/ton for the mainstream price of light soda ash.

According to the commodity analysis system of Shengyi Society, the downstream glass market has risen strongly. From November 1st to 11th, the price of glass increased from 15.95 yuan/square meter to 16.75 yuan/square meter, an increase of 5.02%. The downstream demand in the glass market is highly active, with smooth shipments from manufacturers and significant destocking in the market. The favorable conditions in the market continue, and glass prices are rising steadily.

Future forecast: Currently, the utilization rate of domestic soda ash production capacity has declined, and the inventory of spot soda ash plants has slightly decreased. Enterprises are actively shipping, and downstream glass prices are relatively strong. However, the demand for soda ash market is limited, and market transactions are limited. Under the supply-demand game, it is expected that soda ash will operate steadily in the short term, and specific attention will be paid to downstream demand follow-up.