1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of light soda ash remained stable this week. On October 31st, the average market price of soda ash was 1584 yuan/ton, and on October 28th, the soda ash price was 1584 yuan/ton. The price remained stable during the week, with a decrease of 1.86% compared to the beginning of the month.

2、 Market analysis

According to the commodity analysis system of Shengyi Society, the soda ash market remained stable this week. On the supply side, the utilization rate of soda ash production capacity has been reduced, and the market supply of goods has slightly decreased. However, in terms of demand, downstream follow-up is still weak, and the consumption of soda ash is not obvious. On site trading is weak, and soda ash enterprises have accumulated inventory. The soda ash market remained weak and watchful during the week.

As of October 31st, the reference price for the soda ash market in East China is around 1420-1600 yuan/ton for light soda ash; The reference price for the soda ash market in Central China is around 1370-1600 yuan/ton for the mainstream price of light soda ash.

According to the commodity analysis system of Shengyi Society, the downstream glass market continues to rise. From October 28th to 31st, the price of glass increased from 15.75 yuan/square meter to 15.95 yuan/square meter, an increase of 1.27%. The downstream demand in the glass market is good, with smooth shipments from manufacturers and significant destocking in the market. Glass prices are rising steadily, and the market is running strongly this week.

Future forecast: Currently, the utilization rate of domestic soda ash production capacity continues to be high, spot alkali factory inventory is sufficient, enterprise sales are under pressure, downstream glass prices are relatively strong, but the boost to soda ash market demand is limited. Under the supply-demand game, it is expected that soda ash will continue to be weakly consolidated in the short term, and specific attention should be paid to downstream demand follow-up.