1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of light soda ash slightly decreased on December 31st, with a market average price of 1528 yuan/ton, a decrease of 10 yuan/ton compared to the previous trading day’s price of 1538 yuan/ton, a decrease of 0.65%, and a decrease of 1.80% compared to the beginning of the month. On December 31st, the Business Society’s light soda ash index was 78.36, a decrease of 0.51 points from yesterday, a decrease of 58.56% from the cycle’s highest point of 189.10 points (2021-11-07), and an increase of 24.09% from the lowest point of 63.15 points on November 18, 2015. (Note: The cycle refers to the period from September 1, 2011 to present)

2、 Market analysis

On December 31st, the soda ash market saw a slight decline. The operating rate of the supply side soda ash plant remains high, the market supply of goods is sufficient, the manufacturer’s inventory is high, and the sales pressure of soda ash enterprises is relatively high, resulting in a shift in the focus of transactions; On the demand side, the demand for replenishment in the terminal market is not high, and inquiries for soda ash are limited. Enterprises are adopting a wait-and-see attitude, and soda ash prices in some regions are consolidating downward.

On the demand side: According to the commodity analysis system of Shengyi Society, glass prices remained stable on December 31st, with an average market price of 16.40 yuan/square meter, unchanged from the previous trading day. The glass market equipment has not changed much, the production has remained stable, downstream stocking is not high, the market trading atmosphere is weak, and the glass market is operating steadily and observing.

Future forecast: Currently, the utilization rate of domestic soda ash production capacity is high, the inventory of spot soda ash plants is sufficient, and the downstream glass industry prices are stable. However, there is limited support for soda ash demand, and there is a lack of favorable market conditions. It is expected that the soda ash market will operate weakly and steadily after the holiday, depending on downstream market demand.