Weak price of soda ash this week (11.09-11.13)

1、 Price trend

 

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According to the monitoring data of business agency, this week, the domestic soda ash market is weak. The average market price in East China was 1866.67 yuan / ton at the beginning of the week and 1850 yuan / ton at the weekend, down 0.89%, up 6.94% over the same period last year. On November 15, the commodity index of light soda ash was 94.87, flat with yesterday, 19.51% lower than the highest point of 117.86 (2017-11-21) and 50.23% higher than the lowest point of 63.15 on November 18, 2015. (Note: period refers to 2011-09-01 to now)

 

2、 Market analysis

 

According to the business agency, the domestic soda ash market is temporarily stable, the market atmosphere is light, and downstream manufacturers are cautious and wait-and-see attitude. The price of soda ash in Shandong is stable for the time being, and the mainstream light caustic soda is quoted at 1850-1950 yuan / T. the market atmosphere is fair, and the downstream manufacturers are cautious. It is expected that the price of soda ash will be stable in the short term. For the price of soda ash in Central China, the mainstream market price of light soda ash is about 1600-1700 yuan / ton, and the market atmosphere is OK. However, the overall downstream manufacturers are cautious, and it is expected that the price of soda ash will be stabilized in the short term.

 

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Raw materials: domestic crude salt trading atmosphere is good this week, and prices in some regions are stable and rising. The operation of sea salt is stable, the well and mineral salt areas perform well, and the price rises. The performance of lake salt is not good, the downstream purchasing intention is not good, and the market performance is weak.

 

Demand: this week, glass prices are mainly stable, with little increase. In the Shahe area of North China, the market transaction was good this week, the manufacturers’ inventory was low, and the glass prices of some enterprises increased slightly, up about 0.3 yuan / square meter. Generally speaking, the orders of downstream processing enterprises are better, and the inventory of production enterprises is lower than that of the same period last year.

 

According to the price monitoring of the business agency, in the 45th week (11.9-11.13) of 2020, there are 3 kinds of commodities rising and 2 kinds of falling commodities in the price rising and falling list of chlor alkali industry, and there are 0 kinds of commodities that rise or fall to 0. The main commodities that rose were calcium carbide (3.05%), PVC (1.85%) and hydrochloric acid (0.81%); the main commodities falling were caustic soda (- 1.01%) and light soda ash (- 0.89%). This week, the average rise and fall was 0.76%.

 

Analysts from the business agency believe that: the performance of soda ash market is weak, downstream manufacturers purchase on demand, enterprises actively ship, downstream procurement is mainly on-demand procurement, traders hold a wait-and-see attitude, and the market price changes little. According to the comprehensive forecast, the domestic soda ash market in the short term is still in the range arrangement, with small fluctuations.

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