1、 Price trend

According to the commodity analysis system of Shengyi Society, the price trend of soda ash continued to decline this week. As of August 18th, the average market price of soda ash was 1224 yuan/ton, a decrease of 28 yuan/ton compared to the price of 1252 yuan/ton on August 11th, a decrease of 2.24%.
2、 Market analysis
Recently, the soda ash market has been operating weakly. The number of supply side maintenance enterprises has decreased, the production of soda ash has increased, and manufacturers are actively shipping; The downstream demand performance is mediocre. Due to the continued weakness of glass prices, the market’s enthusiasm for purchasing soda ash is not high, and soda ash enterprises have accumulated inventory. The market supply is strong and demand is weak, and soda ash prices continue to decline. On August 18th, the price of light soda ash in East China was reduced by 10 yuan/ton, with a price range of 1130-1400 yuan/ton; The price of light soda ash in central China remains at 1140-1300 yuan/ton.
According to the commodity analysis system of Shengyi Society, the downstream glass market continues to decline. From August 11th to 18th, the price of glass decreased from 15.05 yuan/square meter to 14.28 yuan/square meter, a decrease of 5.12%. The glass market has stable production capacity, continuous inventory increase, average downstream demand follow-up, slow glass destocking, poor enterprise shipments, and a weak downward trend in glass prices.
Future forecast: Currently, the price trend of soda ash is downward, and the mentality of industry players is bearish. In terms of inventory, manufacturers have limited shipments and accumulated inventory. The downstream market is weak, and there is insufficient support for soda ash. It is expected that the soda ash market will mainly operate weakly in the later stage, and specific attention will be paid to downstream follow-up situations.