1、 Price trend

According to the monitoring data of business agency, this week’s domestic soda ash market is mainly stable. The average domestic market price from the beginning of the week to the end of the week in East China is about 1583.33 yuan / ton. On March 19, the commodity index of light soda ash was 81.20, flat with yesterday, down 31.10% from 117.86 (2017-11-21), the highest point in the cycle, and up 28.58% from 63.15, the lowest point on November 18, 2015. (Note: cycle refers to 2011-09-01 to now)

2、 Market analysis

Product: this week, the domestic soda price is basically stable. The weak market of soda ash in Southwest China has been sorted out. The main quotation of light alkali is 1500-1550 yuan / ton, and that of heavy alkali is 1550-1600 yuan / ton. The overall trend of soda ash in East China is temporarily stable. The current mainstream market price of light soda ash is about 1350-1550 yuan / ton, and the mainstream market price of heavy soda ash is 1500-1700 yuan / ton. The downstream is mainly rigid and requires procurement. It is expected that the price of soda ash will be more stable in the short term. In North China, the market price of soda ash in narrow range is about 1570-1600 yuan / ton for light soda ash and 1700-1800 yuan / ton for heavy soda ash. The actual transaction is relatively flexible. It is expected that the market price of soda ash in narrow range will be operated in the short term. The domestic soda ash market trend is stable, and the market fundamentals continue to be weak.

Demand: the domestic soda ash market as a whole keeps stable operation, the phenomenon of supply exceeding demand continues, and the enterprise’s delivery is poor. According to the price monitoring of the business agency, in the 10th week of 2020 (3.9-3.13), there is a total of one rising commodity, three falling commodities and one rising and falling commodity. The main commodities rising were hydrochloric acid (1.37%); the main commodities falling were caustic soda (- 4.98%), calcium carbide (- 0.36%), PVC (- 0.20%). This week’s average was – 0.83%.

3、 Future forecast

According to the soda ash analyst of the business association, the support of soda ash demand is still weak, the overall market trading is poor, the enterprises mainly ship at stable prices, the demand performance is average, and the market transaction is flat. It is comprehensively expected that the soda ash market will still maintain weak and stable market operation next week. See the downstream market demand for details.