1、 Price trend
According to the commodity analysis system of Shengyi Society, the price of soda ash first rose and then fell in March. At the beginning of the month, the average market price of light soda ash was 1498 yuan/ton, and at the end of the month, the average market price was around 1470 yuan/ton. The price decreased by 28 yuan/ton during the month, with an overall decline of 1.87%. On March 31, 2025, there were 0 products that rose, 4 products that fell, and 2 products that rose or fell in the chlor alkali industry price list. The main commodities experiencing a decline are caustic soda (-0.90%), baking soda (-0.79%), and light soda ash (-0.68%). Today’s average increase or decrease is -0.5%.
2、 Market analysis
According to the commodity analysis system of Shengyi Society, the market for soda ash this month first fell and then rose. With the recovery of maintenance equipment within the month, the utilization rate of soda ash production capacity continues to increase, and the market supply of goods is sufficient. The sales pressure of spot soda ash plants has increased, while the overall downstream glass market is weak, and the consumption of inventory is slow. The demand for soda ash is average, and the overall soda ash price is weak and downward.
As of March 31, 2025, the mainstream market price of light soda ash in East China is around 1330-1500 yuan/ton; The mainstream market price of light soda ash in Central China is around 1300-1500 yuan/ton; The mainstream market price of light soda ash in North China is around 1450-1570 yuan/ton.
On the demand side: According to the commodity analysis system of Shengyi Society, the price trend of glass this month first fell and then rose. The average market price of glass at the beginning of the month was 15.62 yuan/square meter, and the average market price at the end of the month was 15.21 yuan/square meter, a decrease of 2.62%. The utilization rate of glass market production capacity has increased within the month, with sufficient spot supply and weak downstream market demand. Market trading is limited, and glass destocking is average, resulting in a weak price trend.
On April 1st, the Business Society’s soda ash to glass commodity price index was 82.28, a decrease of 0.56 points from yesterday, a decrease of 26.78% from the highest point of 112.37 points during the cycle (October 6, 2023), and an increase of 11.64% from the lowest point of 73.70 points on February 16, 2025. (Note: Cycle refers to January 1, 2012 to present)
Market forecast: According to the commodity analysis system of Shengyi Society, the load of some domestic soda ash plants has increased, the utilization rate of production capacity is high, and the mentality of spot alkali factories is bearish. Recently, the price of light soda ash has weakened and fallen, and downstream demand for soda ash is weak. There is a lack of favorable market conditions, and it is expected that the price of soda ash will operate weakly in the later stage, depending on downstream market demand.