1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of light soda ash remained stable on November 26th, with a market average price of 1224 yuan/ton, unchanged from the previous trading day’s price of 1224 yuan/ton, and an increase of 3.20% from the beginning of the month.
2、 Market analysis
The soda ash market is mainly observing the situation, while the downstream glass market is weak and stable. The demand for purchasing in the market follows suit, and the terminal market is lukewarm. The glass inventory is slowly being sold, which provides average support for the soda ash market demand; Some enterprises have reduced their equipment for soda ash production, resulting in a decrease in market supply. Some manufacturers are operating at high prices, but the market trading atmosphere is relatively weak. Some operators are cautious, and soda ash prices are stabilizing.
On the demand side: According to the commodity analysis system of Shengyi Society, the average price of glass market remained at 13.38 yuan/square meter on November 26th. The glass production line has started steadily, and the company’s inventory continues to accumulate. Downstream procurement needs are following up, and market transactions are average. The inventory level in the glass market is high, and glass prices are weakly stable.
Future forecast: Currently, the domestic soda ash production is temporarily stable, with enterprises maintaining active shipment as the main focus. There is little change in downstream glass industry production, and the demand for soda ash is limited. The market fundamentals are stagnant, but considering the cost pressure on manufacturers, it is expected that the soda ash market will remain stable, depending on downstream market demand.