China soda ash price was rising steadily, up 2.36% last week

Domestic soda ash price is strong. On March 19, the average market price in East China was 1736 CNY / ton, while on March 15, the average market price in East China was 1696 CNY / ton, up 2.36%, 9.64% year-on-year. On March 18, the commodity index of soda ash light was 89.03, unchanged from yesterday, down 24.46% from 117.86 (2017-11-21), the highest point in the cycle, and up 40.98% from 63.15, the lowest point on November 18, 2015. (Note: period refers to the period from September 1, 2011 to now)

Upstream and demand: the upstream raw salt stock is sufficient, and the overall supply is relatively stable. Market trading atmosphere is good. The price of downstream glass rose, stimulating the demand for sodium carbonate, then the price of sodium carbonate. However, the downstream glass industry is now in a wait-and-see state for high price alkali, and its acceptance is not high. The buyer and the seller start a price game.

The rising price of glass market drives the demand for raw material sodium carbonate, then the price of soda ash is strong. The price of downstream glass rose and continued to be good for soda, but there was still resistance to high price soda ash. However, with the holding of the industry conference, soda ash enterprises had a strong price rising mentality. According to the comprehensive forecast, the domestic soda price is still strong in the short term, depending on the downstream market demand.