Price Trend

According to the monitoring data of business associations, the stable operation of soda ash this week is dominant. The average market price of East China during the week to the weekend is about 1740 yuan/ton, which is stable compared with last week, and 18.05% lower than that of last year. On September 29, the commodity index of light soda ash was 89.23, flat with yesterday, 24.29% lower than the highest point in the cycle, 117.86 (2017-11-21), and 41.30% higher than the lowest point, 63.15, on November 18, 2015. (Note: Period refers to 2011-09-01 to date)

II. Market Analysis

Product: This week, the domestic soda price maintained a stable operation, the market was light and stable, and the trading atmosphere was mild. At present, the domestic light alkali mainstream ex-factory price was 1650-1770 yuan/ton; the domestic heavy alkali mainstream delivered to the terminal price was 1750-1850 yuan/ton. This week, the heavy alkali market did not change much, the manufacturers’shipment situation was relatively smooth, the market stock was expected to rise, and the manufacturers carried out the end-of-month pricing more.

Industry chain: In the downstream area, the price of sodium pyrosulfite has been stable this week, the overall market performance is general, the cost of raw materials continues to be weak adjustment, the upstream and downstream trading entities are cautious in overall purchasing and selling, the downstream trading entities have a strong wait-and-see attitude, and the domestic market price of sodium pyrosulfite may continue to run in a weak position.

Glass prices in the lower reaches of the country rose slightly this week. Southern and Eastern China have a general trend, with little change in the speed of production enterprises leaving warehouses and stable market transaction prices. The general trend of glass market in other areas is still acceptable. The manufacturers have maintained a good level of export, and market confidence has increased slightly. From a subregional point of view, the situation of North-South polarization continues to emerge. The market as a whole maintained a steady and moderate upward trend.

Industry: This week, the domestic soda market is running smoothly, the overall market turnover is mild, more active order delivery is the main, the current delivery pressure is not large, price transaction is stable.

3. Future Market Forecast

Business analysts believe that: this week, the domestic light alkali market is running steadily, the supply of enterprises is relatively stable, downstream demand is weak, the enthusiasm of end users is not high, stable price mentality is strong. It is expected that the consolidation of the soda market will be the main trend in the short term, and the demand of the downstream market will be taken into account.