The soda ash market is picking up and manufacturers are slowing down (11.09 Weekly Review of soda ash)

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November 10, 2023, 6:07 PM

1. Analysis of China's soda ash market

This week, the decline in China's soda ash market has slowed down, and the prices of individual companies have risen at a low level; as of now, the price of light soda ash in China is between 2,000 - 2,200 yuan/ton, and the price of heavy soda ash is between 2,200 - 2,400 yuan/ton; this week, the soda ash market has recovered. Orders from soda ash companies have increased, delivery from individual manufacturers has been tight, and the price of new orders has increased slightly; early maintenance companies have recently started operations, and supply growth is limited in the short term; Soda ash companies shipped relatively smoothly, the market transaction atmosphere improved, and the demand for soda ash market increased. In addition, futures prices continued to rise, driving the spot market to improve.

Forecast for next week: In the near future, individual companies have planned to store and drive and released production capacity, and soda ash supply will increase in the later period; recently, soda ash market demand has improved, manufacturers have shipped smoothly, manufacturers have slowed down their inventory accumulation, and the price of new spot orders is on the upward trend, and the soda ash market will continue to operate well in the short term.

2. Comparison of market prices of soda ash in regions

Unit: yuan/ton

areas	specifications	November 2	November 9	rise and fall	previous month
Northeast China	light soda ash	2350	2100	-250	-10.64%
Northeast China	heavy sodium carbonate	2500	2500	0	0.00%
in North China	light soda ash	2250	2050	-200	-8.89%
in North China	heavy sodium carbonate	2450	2325	-125	-5.10%
East China	light soda ash	2075	2125	50	2.41%
East China	heavy sodium carbonate	2300	2275	-25	-1.09%
central China	light soda ash	1925	1975	50	2.60%
central China	heavy sodium carbonate	2200	2200	0	0.00%
South China	light soda ash	2175	2125	-50	-2.30%
South China	heavy sodium carbonate	2475	2475	0	0.00%
southwestern region	light soda ash	2400	2175	-225	-9.38%
southwestern region	heavy sodium carbonate	2650	2450	-200	-7.55%
northwestern region	light soda ash	1975	1900	-75	-3.80%
northwestern region	heavy sodium carbonate	2175	2125	-50	-2.30%

3. Soda ash process profit statement

As of November 9 this week, the profit of the combined alkali method was 740.5 yuan/ton, up 6.5 yuan/ton from the previous week; the profit of the ammonia-alkali method was 363 yuan/ton, down 237 yuan/ton from the previous week.

production process	November 2	November 9	Weekly ups and downs	rise and fall
combined alkali method	734	740.5	6.5	0.89%
ammonia-soda process	600	363	-237	-39.50%

4. Equipment maintenance of soda ash enterprises

This week, the soda ash industry started at 85%, down 2% from last week. According to incomplete statistics, the output of soda ash manufacturers this week is about 658,000 tons.

Equipment maintenance list of soda ash enterprises on November 9, 2023
process	enterprise name	production capacity	device condition
combined alkali method	Fujian Yaolong	40	Maintenance will start from September 11, 2022, and recovery time will be determined
combined alkali method	Huainan Debang	60	On August 17, the company's equipment was stopped for maintenance, and the recovery time was to be determined.
chlor-alkali process	Qinghai Salt Lake	120	On October 27, the company's equipment was stopped for maintenance, and the recovery time was to be determined
	Qinghai Fantou	140	On October 28, the company's equipment was stopped for maintenance, and the recovery time was to be determined
	Kunlun Jianye	150	On October 28, the company's equipment was stopped for maintenance, and the recovery time was to be determined
	Tangshan sanyou	230	On November 3, the company's equipment stopped for maintenance, and it is expected that the maintenance will last until the middle of the day.

5. Soda ash manufacturer inventory

The total inventory of Chinese soda ash manufacturers this week was 540,000 tons, compared with 518,000 tons last week, a month-on-month increase of 22,000 tons, or 4.25%.