1、 Price trend
According to the commodity analysis system of Shengyi Society, the price of soda ash has been running steadily this week. On July 28th, the average market price of soda ash was 1926 yuan/ton, which was the same as the price at the beginning of the week and a decrease of 3.51% compared to the beginning of the month.
2、 Market analysis
According to the commodity analysis system of Shengyi Society, the soda ash market has been weak and stable this week. On the supply side, the utilization rate of soda ash production capacity has increased month on month this week, with an increase in soda ash production and sufficient market inventory; On the demand side, the terminal market is running weakly, downstream demand is weak, and there is a tendency to seek low-priced purchases. The market trading atmosphere is average, and enterprise shipments are decreasing. Under the supply-demand game, the soda ash market is running weakly. As of July 26th, the prices of soda ash in East China have been adjusted downwards, with the mainstream market price of light soda ash being around 1950-2050 yuan/ton. The price of soda ash in Central China is running weakly, with the mainstream market price of light soda ash being around 1750-1900 yuan/ton.
On the demand side: According to the commodity analysis system of Shengyi Society, glass prices continue to decline. As of July 28th, the market average price was 17.59 yuan/square meter, a decrease of 1.01% compared to the market average price of 17.77 yuan/square meter on July 22nd. The glass market is operating at a high level, downstream demand is weak, on-site supply exceeds demand, and glass prices continue to decline.
According to the price monitoring of Shengyi Society, in the 30th week of 2024 (7.22-7.26), 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: calcium carbide (0.62%); The main commodities experiencing a decline are baking soda (-2.10%), PVC (-0.80%), and caustic soda (-0.25%). The average increase or decrease this week is -0.42%.
According to the commodity analysis system of Shengyi Society, the operating rate of soda ash plants is relatively high, the inventory of spot alkali plants is accumulated, and the market supply is sufficient; Downstream demand is weak, multi-dimensional demand for rigid needs replenishment, and the general destocking of soda ash. It is expected that soda ash will be weakly consolidated in the later stage, depending on downstream market demand.
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