1、 Price trend

According to the monitoring data of the business agency, this week’s domestic soda consolidation market mainly operated. At the beginning of the week, the average domestic market price in East China was about 1583.33 yuan / ton, while at the end of the week, the average market price was about 1580 yuan / ton, with the price down 0.21%. On March 26, the commodity index of light soda ash was 81.03, flat with yesterday, down 31.25% from 117.86 (2017-11-21), the highest point in the cycle, and up 28.31% from 63.15, the lowest point on November 18, 2015. (Note: cycle refers to 2011-09-01 to now)

2、 Market analysis

Product: this week, the domestic soda consolidation market mainly operated. In North China, the market price of soda ash in narrow range is about 1550-1600 yuan / ton for light soda ash and 1550-1650 yuan / ton for heavy soda ash. The actual transaction is relatively flexible. It is expected that the market price of soda ash in narrow range will be operated in the short term. The domestic soda ash market trend is stable, and the market fundamentals continue to be weak. The overall trend of soda ash in East China is temporarily stable. The mainstream market price of light soda ash is about 1350-1500 yuan / ton, and the mainstream market price of heavy soda ash is 1450-1550 yuan / ton. Most of the downstream soda needs to be purchased. It is expected that the price of soda ash will be stable in the short term. The weak market of domestic soda ash has been sorted out, and the market fundamentals have not changed significantly.

Demand side: the downstream demand side support of soda ash is still weak, the transaction is tepid, and the enterprise is mainly responsible for stable delivery. According to the price monitoring of business agency, in the 11th week of 2020 (3.16-3.20), there are 0 rising commodities, 4 falling commodities, and 1 rising and falling commodity. The main commodities falling were caustic soda (- 3.51%), hydrochloric acid (- 1.35%), PVC (- 1.20%). This week’s average was – 1.26%.

3、 Future forecast

According to the soda ash analyst of business association, the domestic soda ash market keeps stable operation, the overall market atmosphere is general, the transaction is still tepid, and the overall price of the enterprise is stable for shipment. It is comprehensively expected that the soda ash market will still maintain weak and stable operation next week, depending on the downstream market demand.