1、 Price trend
According to the commodity analysis system of Shengyi Society, the price trend of soda ash has fallen this week. As of May 30th, the average market price of soda ash was 1386 yuan/ton, a decrease of 0.57% compared to the soda ash price of 1384 yuan/ton on May 24th, and a decrease of 1.56% compared to the beginning of the month.
2、 Market analysis
The soda ash market has been weak this week. The operating rate of the supply side equipment has not changed much compared to last week, and the market supply of goods has increased, resulting in increased sales pressure for soda ash enterprises; The demand side is mainly wait-and-see, terminal trading is sluggish, downstream market conditions are falling, support for soda ash is weak, soda ash companies have a poor mentality, and the market transaction center is weakly lowered.
As of May 30th, the reference price for the soda ash market in East China is around 1280-1450 yuan/ton for light soda ash, with a downward adjustment of 20-50 yuan/ton; The reference price for the soda ash market in Central China is around 1250-1400 yuan/ton for light soda ash, with a reduction of 20 yuan/ton.
According to the commodity analysis system of Shengyi Society, the downstream glass market is weakly consolidated. From May 24th to 30th, the price of glass decreased from 14.40 yuan/square meter to 14.38 yuan/square meter, a decrease of 0.14%. The production of glass market equipment has not changed much, and downstream demand has shown weak performance, mainly consuming inventory. The destocking of glass is sluggish, and the market price center continues to decline.
Future forecast: Currently, some soda ash facilities are undergoing maintenance, and the market capacity utilization rate is not high. Soda ash companies have strong quotations, but the downstream transaction atmosphere is insufficient, and the demand for soda ash is limited. The on-site supply is strong and the demand is weak. It is expected that the soda ash market will be weak in the later stage, and specific attention will be paid to downstream demand follow-up.
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