Business community: The soda ash market is generally weak this week.
September 27, 2007, Business Society
I. Price trend
According to the commodity analysis system of the business community, the price of light soda ash fell this week. As of September 27th, the average market price of soda ash was 1,614 yuan/ton, down by 46 yuan/ton compared with the price of 1,660 yuan/ton at the beginning of the week, down by 2.77% and down by 10.83% compared with the beginning of the month.
Second, the market analysis
According to the commodity analysis system of the business community, the soda ash market as a whole was weak this week. At the supply end, the overhaul enterprise equipment resumed operation, the utilization rate of soda ash capacity was improved, the supply of market goods increased, the inventory pressure of manufacturers was greater, and the focus of soda ash transaction continued to move down; On the demand side, the downstream fell first and then stabilized, and the demand for soda ash was limited. Before the holiday, the downstream replenished on demand, some soda ash enterprises shipped, and the price of soda ash in some areas increased. On September 27th, the price of soda ash in East China increased slightly, and the mainstream market price of light soda ash was about 1430-1600 yuan/ton. The price of soda ash in central China has increased slightly, and the mainstream market price of light soda ash is about 1350-1550 yuan/ton.
Demand: According to the commodity analysis system of the business company, the price of glass fell first and then stabilized. As of September 27th, the average market price was 13.45 yuan/square meter, which was 0.74% lower than the average market price of 13.55 yuan/square meter at the beginning of the week. The glass market started to decline, but the overall situation was still weak, with limited inventory reduction. Downstream purchases and purchases were followed up as needed, and glass prices were weak.
The market outlook predicts that at present, the utilization rate of domestic soda ash capacity is high, the inventory pressure of spot soda plants is high, the downstream glass industry is temporarily stable, the demand support is still limited, the soda ash market is insufficient, and the atmosphere in the venue is cautious. It is expected that soda ash will be sorted out in the short term, depending on the downstream market demand.