1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of soda ash decreased narrowly in late December. As of December 31, the average market price of soda ash was 1528 yuan/ton, a decrease of 10 yuan/ton compared to the price of 1538 yuan/ton on December 21, a decrease of 0.65%.

2、 Market analysis

The soda ash market was weakly consolidating in late December. The early stage equipment runs smoothly, the soda ash manufacturer actively ships, the downstream follows up as needed, the market trading atmosphere is still acceptable, the supply and demand on site are relatively balanced, and the soda ash price runs steadily; In the later stage, the load of soda ash plants in some regions of China increased, and the supply of soda ash in the region increased. The mentality of operators weakened, and at the same time, the downstream market situation decreased, which had a negative impact on the upstream market. As a result, the market price of soda ash slightly fell.

As of December 31st, the reference price for the soda ash market in East China is around 1450-1550 yuan/ton for light soda ash, with a price reduction of 50 yuan/ton; The reference price for the soda ash market in Central China is around 1350-1550 yuan/ton for light soda ash, with a price reduction of 30 yuan/ton.

According to the commodity analysis system of Shengyi Society, the downstream glass market first rose and then fell. From December 21st to 31st, the price of glass increased from 16.40 yuan/square meter to 16.45 yuan/square meter, and then fell back to 16.40 yuan/square meter. The operating rate of the glass market did not change much in the latter half of the year, and downstream entry enthusiasm was not high. Follow up was mainly based on demand, and overall shipments from manufacturers were limited. Market destocking was poor, and glass prices fluctuated slightly.

Future forecast: Currently, the inventory level in the domestic soda ash market is high, and spot soda ash factories are actively shipping. The sales pressure on enterprises still exists, and the downstream glass market demand is average, with more emphasis on on-demand replenishment. This has limited support for the soda ash market, and there is a game of supply and demand in the market. In the short term, soda ash will operate weakly and steadily. Specific attention should be paid to following up on downstream demand.