1、 Price trend
According to the Commodity Analysis System of Business Society, the price of soda ash has been weak this week. At the beginning of the week, the average market price was 2190 yuan/ton, while on the weekend, the average market price was 2040 yuan/ton, a decrease of 6.85%, a decrease of 26.62% compared to the same period last year. On March 7th, the commodity index of light soda ash was 105.13, a decrease of 2.56 points from yesterday, a decrease of 44.41% from the highest point in the cycle of 189.10 points (2021-11-07), and an increase of 66.48% from the lowest point of 63.15 points on November 18th, 2015. (Note: The cycle refers to the period from September 1st, 2011 to present)
2、 Market analysis
According to the Commodity Analysis System of Business Society, the price of soda ash has been weak this week. The prices of soda ash in Central China are consolidating, with the mainstream market price of light soda ash around 1900-2100 yuan/ton. The prices of soda ash in Central China are consolidating, with the mainstream market price of light soda ash around 1900-2100 yuan/ton. Data shows that the operating rate of caustic soda this week was around 91%, and the production of caustic soda this week was around 740000 tons.
In terms of demand: According to the commodity analysis system of Business Society, the price of glass has slightly declined, with an average market price of 21.97 yuan/square meter at the beginning of the week and 21.39 yuan/square meter on the weekend, a price drop of 2.64% and a year-on-year increase of 14.94%. Glass downstream is purchased on demand.
According to the price monitoring of Business Society, in the 9th week of 2024 (2.26-3.1), there were a total of 4 products that rose, 2 products that fell, and 1 product that rose or fell to 0 on the chlor alkali industry price list. The main rising commodities include hydrochloric acid (5.88%), calcium carbide (1.15%), and caustic soda (0.99%); The main commodities falling are: light soda ash (-2.23%) and baking soda (-0.16%). The average increase and decrease this week is 0.85%.
According to the commodity analysis system of Business Society, the price of pure alkali is weak and the supply of spot alkali plants is fluctuating at a high level, and the inventory of enterprises continues to accumulate. In terms of downstream demand, procurement is not active, and multi-dimensional support is needed to replenish inventory. It is expected that there will be weak operating conditions for caustic soda in the later stage, depending on downstream market demand.
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