1、 Price trend

According to the commodity analysis system of Shengyi Society, the average market price of light soda ash on October 22 was 1186 yuan/ton, which was the same as the price of 1186 yuan/ton on October 11. The price of soda ash remained stable in the middle of the month.
2、 Market analysis
Recently, the soda ash market has remained stable with a wait-and-see attitude. Downstream procurement follows up on demand, with low enthusiasm for entering the market and poor shipments from soda ash companies; On the supply side, some enterprises have stopped or reduced their production, which has supported the market mentality. However, the overall inventory of soda ash is high, and downstream follow-up is limited. In the on-site supply and demand game, most enterprises adopt a wait-and-see attitude, and the quotation runs smoothly.
On the demand side: According to the commodity analysis system of Shengyi Society, the glass market has recently experienced a wide decline, with an average market price of 14.63 yuan/square meter as of October 22, a decrease of 6.82% compared to the price of 15.70 yuan/ton on October 11. The glass production is running smoothly, the market supply is increasing, downstream demand is average, manufacturer orders are decreasing, social inventory consumption is insufficient, enterprise inventory is accumulating, and glass prices are weakly declining.
Future forecast: Currently, the domestic soda ash spot market is running steadily, and the supply side maintenance equipment is recovering in the later stage. The soda ash mentality is expected to be bearish, and the downstream glass market is weak, providing insufficient support for soda ash. The market fundamentals are oversupplied, and it is expected that the soda ash market will operate weakly. Specific attention should be paid to the market shipment situation.