This week, China’s domestic soda ash market is operating steadily (7.8-7.12)

Price Trend

According to the monitoring data of business associations, the stable operation of soda ash this week is dominant. At the beginning of the week, the average market price in East China was about 1643.33 yuan/ton from the beginning of the week to the end of the week, down 22.61% from the same period last year. The light soda commodity index on July 12 was 84.27, unchanged from yesterday, down 28.50% from the peak of 117.86 points in the cycle (2017-11-21), and up 33.44% from the low of 63.15 points on November 18, 2015. (Note: Period refers to 2011-09-01 to date)

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II. Market Analysis

Products: This week, the domestic soda price maintained stable operation. At present, the domestic light soda mainstream ex-factory price is 1400-1650 yuan/ton. The heavy soda market has been narrowly sorted out, and the market trading atmosphere has also improved. To form a favorable boost to the heavy alkali market. Heavy alkali mainstream including tax delivery price: At present domestic heavy alkali mainstream delivery terminal price is 1650-1800 yuan/ton.

Industry Chain: Light alkali downstream daily glass, sodium pyrosulfite and foam alkali enterprises, the demand performance is general, North-South differences are large, in the short term, the mainstream of each region to stable prices, small adjustment plans for individual factories or inventory prices.

PVA 1788 (PVA BP17)

Industry: According to the price monitoring of business associations, in the 27 th week (7.8-7.12) of 2019, there were 34 commodities rising annually in the chemical sector, of which 6 commodities increased by more than 5% accounted for 7.1% of the monitored commodities in the sector; the first three commodities were hydrochloric acid (18.18%), epichlorohydrin (7.99%) and octanol (7.44%). 。 There were 23 kinds of products with a decrease in ring ratio. The first three products with a decrease in ring ratio were lithium carbonate (-3.88%), phenol (-3.75%) and trichloromethane (-3.17%).

3. Future Market Forecast

Business analysts believe that: in the near future, domestic soda manufacturers start a steady load, adequate supply. Soda price has dropped to a low level, the enthusiasm of downstream users and traders to get goods has increased, and the inventory of soda manufacturers has continued to decline. It is expected that the soda market will stabilize and improve in the short term, specifically looking at the downstream market demand.

PVA 1799 (PVA BF17)