1、 Price trend

According to the commodity analysis system of Shengyi Society, as of November 19th, the average market price of soda ash was 1546 yuan/ton. Compared with the soda ash price of 1536 yuan/ton on November 11th, the price has increased by 10 yuan/ton, an increase of 0.65%.

2、 Market analysis

Recently, the soda ash market has seen a slight increase. On the supply side, the utilization rate of soda ash production capacity has decreased, and the pressure on market supply has weakened. Manufacturers are actively shipping, and downstream companies are following up on demand. In some areas, shipments have improved, leading to an increase in soda ash consumption. On site trading is still acceptable, and the soda ash market is consolidating and rising.

As of November 19th, 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 1370-1550 yuan/ton for light soda ash.

According to the commodity analysis system of Shengyi Society, the downstream glass market has slightly declined. From November 11th to 19th, the price of glass increased from 16.75 yuan/square meter to 16.65 yuan/square meter, an increase of 0.60%. Some production lines in the glass market have resumed production, and the market operating rate has increased. Downstream parties have followed up as needed, and overall shipments from manufacturers have slightly weakened. The market is mainly bearish, and glass prices have been narrowly lowered.

Future forecast: Currently, the utilization rate of domestic soda ash production capacity has decreased, the inventory of spot soda ash plants has decreased, and the pressure on enterprise shipments has eased to some extent. However, the downward trend in downstream glass prices has insufficient support for the soda ash market demand, and market transactions may weaken. Under the supply-demand game, it is expected that soda ash will operate weakly and steadily in the short term, and specific attention should be paid to downstream demand follow-up.