1、 Price trend
According to data, as of July 31st, the average market price of light soda ash was 1060 yuan/ton, a decrease of 60 yuan/ton compared to the price of 1120 yuan/ton on July 24th, a decrease of 5.36%. The soda ash market fell during the week.
2、 Market analysis
This week, the soda ash market is weak and declining. The operating rate of the supply side has increased compared to last week, and market inventory pressure has increased. Some companies have continuously lowered their quotations to promote shipment; In terms of demand, downstream glass production capacity is overcapacity, and there is a strong demand for soda ash procurement, resulting in overall weak performance. The soda ash market is highly pessimistic, and companies have a bearish attitude, leading to a wide downward shift in soda ash prices.
According to data, the glass market has declined this week, with an average market price of 12.38 yuan/square meter as of July 31, a decrease of 1.98% compared to the price of 12.63 yuan/ton on July 24. Some production lines in the glass market have undergone cold repairs, resulting in a decrease in operating rates. However, downstream demand during the off-season is poor, and the total inventory of glass society is still high. The pressure on enterprises to ship still exists, and glass prices are weakly lowered.
Future forecast: Currently, there is sufficient supply of soda ash in China, but downstream demand is weak. The pattern of strong supply and weak demand in fundamentals is difficult to improve, and there is a bearish atmosphere surrounding the market. It is expected that the soda ash market will operate weakly in the short term, and specific attention should be paid to the market shipment situation.