1、 Price trend

According to monitoring data from Business Society, the overall price of soda ash was weak in June. The average market price of light soda ash at the beginning of the month was 2080 yuan/ton, while the average market price at the end of the month was around 1960 yuan/ton. The price decreased by 5.77%, a decrease of 32.88% compared to the same period last year. On June 28th, the light soda ash commodity index was 100.51, unchanged from yesterday, a decrease of 46.85% from the cycle’s highest point of 189.10 points (2021-11-07), and an increase of 59.16% 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 monitoring data from Business Society, the overall price of soda ash is weak this month. The current mainstream market price of light soda ash in East China is about 1900-2100 yuan/ton. The price of soda ash in North China has temporarily stabilized, and the current market price of light soda ash is about 2100-2200 yuan/ton. The market trading atmosphere is relatively average, with data showing that the overall operating rate of soda ash is around 91%.

In terms of demand: According to the Commodity Analysis System of Business Society, the spot price of glass has decreased this month. On June 1st, the average price of glass was 22.31 yuan/square meter, and at the end of June 27th, the average price was 21.63 yuan/square meter. During the month, the price decreased by 3.05%. The spot price of glass fell in June. In the first ten days of June, the market price was light, the overall industry production and sales situation was general, and the glass Spot market price was reduced. In the middle of the year, the price of glass Spot market rose and fell, and the market transaction was slightly better than that in the first ten days. The glass Spot market weakened in the last ten days, and the overall market confidence was poor. The downstream should purchase cautiously, replenish as needed, and wait and see more. As of now, the market quotation in the Shahe region is around 20.4 yuan/square meter to 21.75 yuan/square meter.

According to the price monitoring of the Business Society, in the 25th week of 2023 (6.19-6.23), there were 0 products that rose or fell in the chlor alkali industry price list, 2 products that fell, and 5 products that rose or fell to 0. The main commodities falling include caustic soda (-1.92%) and flake soda (-0.40%). This week’s average increase or decrease was -0.33%.

Analysts from Business Society believe that according to the Commodity Analysis System of Business Society, the price of soda ash increased in the first ten days of this month, but decreased in the middle and late ten days. Currently, the domestic price of soda ash is stable and the price fluctuation is relatively small. The soda ash plant is relatively stable, and the overall trading atmosphere is acceptable. Recently, downstream soda ash has been purchased on demand, and there is a supply-demand game. Overall, it is expected that the price of soda ash will fluctuate in the later stage, depending on the downstream market demand.