1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of soda ash remained stable this week. As of August 19th, the average market price of soda ash was 1820 yuan/ton, unchanged from the price of 1820 yuan/ton on August 13th, with a month on month decrease of 5.99%.

2、 Market analysis

According to the commodity analysis system of Shengyi Society, the soda ash market is running weakly and steadily. On the supply side, the utilization rate of soda ash production capacity has declined this week, resulting in a decrease in soda ash production. The overall total inventory of manufacturers remains at a relatively high level; On the demand side, there is an expectation of cold repair in the terminal market. The downstream glass industry mainly consumes inventory, with limited market procurement. The market has strong supply and weak demand, and the price of soda ash is running weakly. As of August 19th, the price of soda ash in East China has slightly decreased, with mainstream market prices for light soda ash ranging from 1700 to 2000 yuan/ton; The price of soda ash in central China is relatively weak, with mainstream market prices for light soda ash ranging from 1600-1850 yuan/ton.

On the demand side: According to the commodity analysis system of Shengyi Society, the glass price market is weakly declining. As of August 19th, the market average price was 16.85 yuan/square meter, a decrease of 2.43% compared to the market average price of 17.27 yuan/square meter on August 13th. The glass market is operating at a high level, with sufficient inventory and weak downstream demand. The market is bearish, and some production lines have already undergone cold repairs, which may slow down the decline in glass prices in the future.

According to the price monitoring of Shengyi Society, in the 33rd week of 2024 (8.12-8.16), 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 (-4.85%), PVC (-0.93%), and caustic soda (-0.75%). The average increase or decrease this week is -1.09%.

Future forecast: Currently, the operating capacity of soda ash plants is at a high level, the inventory of spot alkali plants is sufficient, downstream glass industry has cold repair expectations, limited demand, weak trading in the soda ash market, and lack of favorable market conditions. Overall, it is expected that soda ash will continue to operate weakly in the later stage, depending on downstream market demand.