Soda ash manufacturers 'inventories increase, market prices are weak and downward (10.12 Soda Ash Weekly Review)

1. Analysis of China's soda ash market

After the holiday, the market price of soda ash fell collectively. As of now, the price of light soda ash in China is more than 2,650 - 3,100 yuan/ton, and the price of heavy soda ash is 3,000 - 3,200 yuan/ton. This week, the start of soda ash companies remained stable, and the starting load of individual companies increased; Affected by the market, new orders signed by soda ash companies weakened after the holiday, manufacturers mainly delivered early orders, and some manufacturers increased soda ash inventories; In addition, due to weakening demand in some downstream industries, soda ash prices have stabilized and weakened. Downstream companies have cautious purchasing sentiments, and the market supply has increased. The weakness of the soda ash market is difficult to change. Some market participants are bearish on the future outlook, and soda ash prices have been discussed alone.

Forecast for next week: The soda ash industry will remain at a high level, and companies will have no maintenance plans in the short term; downstream market demand is basically stable, but with the increase in supply, companies are not motivated to purchase, manufacturers 'inventories have risen, market spot prices are weak and downward, and the market mentality is more pessimistic, and it is expected that the soda ash market will remain weak in the short term.

2.  Comparison of market prices of soda ash in regions

Unit: yuan/ton

3. Soda ash process profit statement

As of October 12 this week, the profit of the combined alkali method was 1565 yuan/ton, down 334 yuan/ton from the previous week; the profit of the ammonia-alkali method was 1230 yuan/ton, down 230 yuan/ton from the previous week.

4. Equipment maintenance of soda ash enterprises

This week, the soda ash industry started at 88%, an increase of 2% from last week. According to incomplete statistics, the output of soda ash manufacturers this week is about 690,000 tons.

5. Soda ash manufacturer inventory

The total inventory of Chinese soda ash manufacturers this week was 320,000 tons, compared with 280,000 tons last week, a month-on-month increase of 40,000 tons, or 14.29%.