1. Price trend
According to the commodity analysis system of Sino-Sino, the price of soda ash is temporarily stable this week. The average market price of soda ash from the beginning of the week to the weekend increased by 6.63% compared with the same period last year. The light soda ash commodity index on June 30 was 107.18, the same as yesterday, down 43.32% from the highest point of 189.10 points in the cycle (2021-11-07), and up 69.72% from the lowest point of 63.15 points on November 18, 2015. (Note: The cycle refers to 2011-09-01 to the present)
2. Market Analysis
The price of soda ash is temporarily stable this week. On the supply side, the capacity utilization rate is high, the inventory of soda ash is sufficient, and the production and sales of enterprises are weak; on the demand side, the downstream enthusiasm is not high, mainly on demand, the market trading atmosphere is general, and the shipments of enterprises are limited. Under the game of supply and demand, the price of soda ash is temporarily stable and wait-and-see. As of June 30, 2024, the price of soda ash in East China is mainly consolidation, and the price of soda ash in Central China is stable and wait-and-see.
On the demand side: Glass prices continued to fall. The average market price on June 24 was 19.85 RMB/square meter, and the average market price on June 30 was 19.05 RMB/square meter, a decrease of 4.03%. Glass downstream purchases on demand, market demand is weak, and price trends are weak and downward.
In the 26th week of 2024 (June 24-June 28), there were 0 commodities that rose, 2 commodities that fell, and 5 commodities that rose or fell to 0 in the price increase and decrease list of the chlor-alkali industry. The main commodities that fell were: PVC (-1.59%), caustic soda (-0.25%). The average increase or decrease this week was -0.26%.
The price of soda ash is temporarily stable, the spot alkali plant equipment fluctuates slightly, and the supply is at a high level. The downstream demand is not active in purchasing, and the inventory of soda ash is limited. It is expected that the soda ash may be weak in the later period, depending on the downstream market demand.
Post time: Jul-02-2024