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2026-07-14 18:44:15
[Float glass and soda ash markets continue their weak trend; downstream demand struggles to offset inventory pressure] ⑴ On Tuesday, the domestic 5mm float glass market experienced regional differentiation and overall pressure. Prices for some small-plate products in the Shahe region of North China softened, with traders cautious about restocking. Manufacturers in Central China lowered their prices by 10 yuan/ton, but sales were sluggish. In South China, affected by the rainy season, downstream buyers only maintained immediate demand. In East China, some companies offered slight discounts due to inventory pressure. Other regions maintained stable prices, but sales varied. ⑵ The current weak end-user demand shows no signs of improvement. Most glass manufacturers continue their inventory accumulation trend, and market sentiment is unlikely to improve. Although price adjustments in various regions are limited, they reflect the continued weakening of sellers' bargaining power during the supply-demand rebalancing process. Downstream buyers are mainly adopting a wait-and-see approach to lower prices. (3) The soda ash market fluctuated weakly in tandem. In North China, the mainstream price for light soda ash was 1170-1260 yuan/ton, and for dense soda ash, 1250-1320 yuan/ton. In East China, light soda ash was 1080-1570 yuan/ton, and dense soda ash, 1210-1320 yuan/ton. Limited changes at the plant level kept supply high, while downstream acceptance of high prices was low, with transactions mainly consisting of small, immediate orders. Overall, the trading atmosphere was relatively subdued. (4) The core contradiction of the weak performance of both products lies in the slower-than-expected recovery of demand in the real estate chain, coupled with the slow progress of float glass cold repairs and the continued pressure on inventory reduction from high soda ash operating rates. Going forward, attention should be paid to whether glass production lines will undergo unexpected cold repairs and whether the scale of summer maintenance for soda ash can alleviate the supply-demand imbalance in stages.
