1、 Price trend
According to the commodity analysis system of Shengyi Society, the price of light soda ash decreased on March 31st, with a market average price of 1470 yuan/ton, a decrease of 0.68% compared to the previous trading day’s price of 1480 yuan/ton, and a decrease of 1.87% compared to the beginning of the month.
2、 Market analysis
On March 31st, the soda ash market weakened and declined. On the demand side, the terminal market is weak, with a focus on entering the market and observing, resulting in insufficient support for soda ash; On the supply side, some enterprises have increased their load, resulting in an increase in the operating rate of soda ash. The market supply of goods has risen, and there is a clear trend of oversupply in the market. Under the game of supply and demand, soda ash enterprises have lowered their quotations.
On the demand side: According to the commodity analysis system of Shengyi Society, glass prices remained stable on March 31st, with the market average price remaining unchanged at 15.21 yuan/square meter. The glass market has not experienced significant changes in production, with stable operation of equipment and downstream procurement following up on demand. The market trading atmosphere is relatively weak, and glass inventory is generally depleted. Market prices are stable and waiting to be seen.
Future forecast: Domestic soda ash facilities will resume operation, capacity utilization rate will increase, downstream glass market will remain stable, demand for soda ash will be limited, and there will be a lack of favorable market conditions. It is expected that the short-term soda ash market will operate weakly and steadily, depending on downstream market demand.
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