1、 Price trend

According to the Commodity Analysis System of Business Society, the price of soda ash is strong and operating. At the beginning of the week, the average market price was 2116 yuan/ton, while on the weekend, the average market price was 2122 yuan/ton, with a price increase of 0.28%, a decrease of 21.12% compared to the same period last year. On August 10th, the light soda ash commodity index was 108.82, unchanged from yesterday, a decrease of 42.45% from the cycle’s highest point of 189.10 points (2021-11-07), and an increase of 72.32% from the lowest point of 63.15 points on November 18th, 2015. (Note: The cycle refers to the period from September 1st, 2011 to the present)

2、 Market analysis

According to the Commodity Analysis System of the Business Society, the price of soda ash has remained strong this week. The current mainstream market price for light soda ash in East China is around 2000-2200 yuan/ton. The current market price of light soda ash in North China is around 2050-2250 yuan/ton.

In terms of demand: According to the Commodity Analysis System of Business Society, glass prices have risen, with an average market price of 22.62 yuan/ton on Monday and 23.26 yuan/ton on weekends. The price has increased by 2.83%, a year-on-year increase of 16.65%. The terminal real estate policy continues to be loose, and the completion remains strong. Downstream traders and processing enterprises have high enthusiasm for obtaining goods and good trading performance. In the short term, the confidence in the glass spot market is good, and the focus of transactions continues to shift upwards.

According to the price monitoring of the Business Society, in the 31st week of 2023 (7.31-8.4), there were a total of 4 products that rose, 0 products that fell, and 3 products that rose or fell to 0 on the chlor alkali industry price list. The main commodities that have increased include: light soda ash (2.23%), PVC (1.10%), and flake soda ash (0.77%); This week’s average increase or decrease was 0.67%.

According to the Commodity Analysis System of Business Society, the domestic price of soda ash is strong and operating. The operating rate of soda ash is relatively stable, and the overall trading atmosphere is average. Recently, there has been a demand based procurement in the downstream of soda ash, and a supply-demand game. Overall, it is expected that the price of soda ash will remain strong in the later stage, depending on the downstream market demand.