Soda Ash Daily Review: Light Soda Ash Prices Show Weak Decline; Market Sentiment Shifts

Soda Ash Market Analysis:

After the holiday, the domestic soda ash market is showing a weak operation, with prices in some areas making minor adjustments. Currently, in the North China region, the price of light soda ash ranges from 2900-3200 yuan/ton, and the heavy soda ash price is between 3300-3450 yuan/ton. In the South China region, the light soda ash price ranges from 3200-3500 yuan/ton, and the heavy soda ash price is between 3300-3500 yuan/ton. Before the holiday, the soda ash market's new order situation was average. Some enterprises saw an increase in inventory during the holiday, mainly in light soda ash, leading to a minor price reduction. After the holiday, some heavy soda ash does not have a quoted price in the market. The downstream market maintains necessary purchasing, and there is a strong wait-and-see sentiment in the market.

Market Forecast:

Enterprises that underwent maintenance in the earlier period have basically resumed normal production, leading to an increase in the market's start-up rate. The downstream market demand remains stable for now, with no new production lines coming into operation. Some market insiders' sentiment has weakened, and it is anticipated that soda ash prices in some areas will operate weakly in the future.