The soda ash market continued to decline in early July

1、 Price trend
According to the commodity analysis system of Shengyi Society, the price of light soda ash fell on July 9th, with a market average price of 1174 yuan/ton, a decrease of 84 yuan/ton compared to the beginning of the month price of 1258 yuan/ton, a decrease of 6.68%.
2、 Market analysis
The soda ash market continued to decline in early July. On the demand side, downstream consumption is slow during the off-season, with low enthusiasm for entering the market and insufficient support for soda ash; On the supply side, although some soda ash plants have been adjusted, the fundamental supply is still sufficient. Soda ash manufacturers have high inventory and strong shipping intentions, but the market supply is strong and demand is weak. The mentality of operators is bearish, and the focus of soda ash transactions continues to shift downwards.
On the demand side: According to the commodity analysis system of Shengyi Society, the glass market saw a narrow upward trend in early July, with an average market price of 14.03 yuan/square meter on the 9th, an increase of 1.30% from the beginning of the month. Some production lines in the glass market have undergone cold repairs, resulting in a decline in output. Downstream demand has followed suit, and the trading atmosphere in the market is still acceptable. The market has slightly reduced inventory, and glass prices have been adjusted upwards.
Future forecast: Currently, the domestic soda ash spot market is sluggish, and enterprise inventory pressure is high. Although the downstream glass market has slightly increased, the intention to replenish is not high, and the demand for soda ash is limited. The supply and demand game in the market is expected, and the soda ash market is expected to operate weakly and steadily, depending on downstream market demand.