1、 Price trend

According to monitoring data from Business Society, the overall price of soda ash increased in August. The average market price of light soda ash at the beginning of the month was 2060 yuan/ton, while the average market price at the end of the month was around 2730 yuan/ton, with a price increase of 32.52% and a decrease of 4.21% compared to the same period last year. On August 27th, the light soda ash commodity index was 124.10, unchanged from yesterday, a decrease of 34.37% from the cycle’s highest point of 189.10 (2021-11-07), and an increase of 96.52% from the lowest point of 63.15 on November 18, 2015. (Note: The cycle refers to the period from September 1st, 2011 to the present)

2、 Market analysis

In terms of the market, according to monitoring data from Business Society, the overall price of soda ash has risen this month. The mainstream market price of light soda ash in East China is currently around 2700-3000 yuan/ton. The price of soda ash in North China is improving, and the current market price of light soda ash is around 2900-3200 yuan/ton.

In terms of supply: The market trading atmosphere is good, with data showing that the overall operating rate of soda ash is currently around 81%. Data shows that the inventory of soda ash manufacturers is currently around 140000 tons, and the inventory of enterprises is relatively low, making it difficult to find market sources of goods.

In terms of demand: According to the Commodity Analysis System of Business Society, the spot price of glass has increased this month. At the beginning of the month, the average price of glass was 21.73 yuan/square meter, and at the end of the month, the average price was 23.35 yuan/square meter. During the month, the price increased by 7.45%. With the continuous increase in glass prices, downstream traders and processing enterprises are more cautious in purchasing goods, with a focus on just demand. In the short term, the spot market for glass is mainly stable, with slight fluctuations and consolidation within the price range.

Analysts from the Business Society believe that according to the Business Society’s product analysis system, the price of soda ash has increased this month. Individual enterprises have undergone maintenance, resulting in tight supply of soda ash and slow delivery. The overall delivery atmosphere is acceptable, and the downstream replenishment of soda ash is a game of supply and demand. It is expected that the price of soda ash will continue to improve in the future, depending on the downstream market demand.