Business： The price trend of soda ash declined weakly in August.

　　Business news on August 30, 2008

　　I. Price trend

　　According to the commodity analysis system of the business community, the price of soda ash continued to decrease in August. The average market price of light soda ash at the beginning of the month was 1884 yuan/ton, and the average market price at the end of the month was about 1810 yuan/ton, with a decrease of 3.93% in the month and a decrease of 37.37% compared with the same period of last year. On August 30th, the commodity index of light soda ash was 92.82, which was the same as yesterday, which was 50.91% lower than the highest point of 189.10 (November 7th, 2021) and 46.98% higher than the lowest point of 63.15 on November 18th, 2015. (Note: the cycle refers to the period from September 1, 2011 to the present)

　　Second, the market analysis

　　According to the commodity analysis system of the business community, the soda ash market continued its weak operation this month. On the supply side, the utilization rate of soda ash capacity is still at a high level, soda ash production is sufficient, market inventory is accumulated, and enterprises actively ship; On the demand side, the terminal market continued to run weakly, and the inventory was mainly consumed. At the same time, some glass enterprises started cold repair plans, the downstream demand was insufficient, and the market trading atmosphere was weak. Under the game of supply and demand, the price of soda ash continued to decrease. By August 30, 2024, the price of soda ash in East China was weak and stable, and the mainstream market price of light soda ash was about 1650-1970 yuan/ton, while the price of soda ash in Central China was lowered, and the mainstream market price of light soda ash was about 1520-1850 yuan/ton.

　　Demand: According to the commodity analysis system of the business community, the glass price trend continued to decline this month, with the average market price of 17.24 yuan/square meter at the beginning of the month and 15.72 yuan/square meter at the end of the month, a decrease of 8.82%. The spot price of the glass market continues to be weak, the downstream consumption inventory is the main factor, the market demand is weak, the trading in the market is deserted, and the price market continues to fall.

　　According to the price monitoring of the business community, in the 34th week of 2024 (8.19-8.23), there were 1 kind of commodities that rose, 3 kinds of commodities that fell and 2 kinds of commodities that rose or fell to zero. The main commodities that rose were: caustic soda (0.75%); The main commodities falling are baking soda (-1.49%), light soda ash (-0.55%) and PVC(-0.22%). This week, the average increase and decrease was -0.25%.

　　Forecast for the market outlook: According to the commodity analysis system of the business community, the price of light soda ash is mainly weak and stable recently, and some of them have been slightly lowered. The operating rate of the spot soda plant has decreased slightly, but the supply of goods is still sufficient and the support of the supply side is insufficient. The downstream market is weak, the glass market has a cold repair plan, the demand for soda ash is limited, and there is a lack of on-site benefits. It is expected that soda ash will continue to be weak in the later period, depending on the downstream market demand.