1、 Price trend
According to the commodity analysis system of Shengyi Society, the price of light soda ash remained stable on April 23, with a market average price of 1400 yuan/ton, unchanged from the previous trading day’s price of 1400 yuan/ton, and a decrease of 2.37% from the beginning of the month.
2、 Market analysis
On April 23rd, the soda ash market remained stable. On the demand side, the consumption in the terminal market is slow, and there is a lack of support for soda ash due to the urgent need to follow up on market purchases; On the supply side, the operating rate of soda ash remains high, the market supply of goods is sufficient, the trading atmosphere in the market is relatively weak, the shipment of enterprises is average, and the quotes for soda ash are mostly stable.
On the demand side: According to the commodity analysis system of Shengyi Society, glass prices remained stable on April 23, with the market average price remaining unchanged at 15.58 yuan/square meter. The glass market has not changed much in terms of production, with stable operation of equipment and downstream procurement following up as needed. Market trading is still acceptable, but glass inventory is slow, and market prices are running steadily.
Future forecast: Some domestic soda ash facilities are expected to undergo maintenance, resulting in a decrease in capacity utilization. The downstream glass market is temporarily stable, with limited demand for soda ash. The supply side is expected to increase, and the soda ash market is expected to consolidate and rise, depending on downstream market demand.