1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of soda ash has been steadily adjusted this week. As of January 19th, the average market price of soda ash was 1494 yuan/ton, which is the same as the price of soda ash on January 13th at 1494 yuan/ton, and a decrease of 2.86% compared to the previous month.

2、 Market analysis

This week, the soda ash market is running weakly and steadily. The market equipment is running smoothly, and the inventory pressure of soda ash manufacturers still exists. They maintain active shipment and the downstream market has slightly increased. However, the main consumption of inventory is limited, and the demand for soda ash is limited. The market trading atmosphere is still acceptable, and there is a game of supply and demand in the market. The soda ash market is stable and wait-and-see.

As of January 19th, the reference price for the soda ash market in East China is around 1380-1500 yuan/ton for light soda ash, with stable prices; The reference price for the soda ash market in Central China is around 1330-1480 yuan/ton for light soda ash, with a stable price.

According to the commodity analysis system of Shengyi Society, the downstream glass market is operating strongly. From January 13th to 19th, the price of glass increased from 16.25 yuan/square meter to 16.48 yuan/square meter, an increase of 1.42%. The operating rate of the glass market did not change much in the latter half of the year, and downstream market entry enthusiasm was good. Manufacturers shipped smoothly, and the market destocking increased, resulting in a strong upward trend in glass prices.

Future forecast: Currently, the inventory level of domestic soda ash market is still high, and spot alkali factories maintain active shipments. Downstream stocking sentiment before the holiday is average, and companies are following up on demand when entering the market. Sales pressure still exists, and the market supply is strong and weak. In the short term, soda ash will continue to operate weakly and steadily. Specific attention should be paid to downstream demand follow-up.