1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of soda ash remained stable and slightly decreased this week. As of August 12th, the average market price of soda ash was 1820 yuan/ton, a decrease of 2.88% compared to the price of 1874 yuan/ton on August 5th, and a decrease of 6.95% compared to the previous period.

2、 Market analysis

According to the commodity analysis system of Shengyi Society, the soda ash market has been consolidating and declining this week. On the supply side, the utilization rate of soda ash production capacity has slightly decreased this week, but soda ash production remains relatively high; On the demand side, the terminal market situation is average, and downstream procurement enthusiasm is not high. The main focus is on cautious observation, and market trading is limited. Under the supply-demand game, the soda ash market continues to operate weakly. As of August 12th, the price of soda ash in East China has decreased, with mainstream market prices for light soda ash ranging from 1750 to 2000 yuan/ton; The price of soda ash in central China is relatively low, with mainstream market prices for light soda ash ranging from 1650-1850 yuan/ton.

On the demand side: According to the commodity analysis system of Shengyi Society, the glass price market is operating steadily, with an average market price of 17.28 yuan/square meter as of August 12th, an increase of 0.23% compared to the average market price of 17.24 yuan/square meter on August 5th. The glass market continues to operate at a high level, with weak downstream demand. However, market news suggests that some production lines are expected to undergo cold repairs, leading to a slight rebound in glass prices.

According to the price monitoring of Shengyi Society, in the 32nd week of 2024 (8.5-8.9), there were 0 products that rose, 3 products that fell, and 3 products that rose or fell zero in the chlor alkali industry price list. The main commodities experiencing a decline are baking soda (-1.13%), PVC (-0.44%), and caustic soda flakes (-0.10%). The average increase or decrease this week is -0.28%.

Future forecast: Currently, the operating rate of soda ash plants is relatively high, and spot alkali plants are actively stocking up. However, downstream demand is average, and they are mostly seeking low-priced purchases. Soda ash negotiations and shipments have a low transaction focus, with the demand side occupying the dominant low position. Overall, it is expected that soda ash will operate weakly and steadily in the later stage, depending on downstream market demand.