[Soda ash]2.23 Soda ash Daily Review: After the holiday, the soda ash market weakened, and the trend of manufacturers accumulating stocks is obvious

 1. Analysis of China's soda ash market

This week, the operation of soda ash in China is weak, and soda ash prices in some areas have been reduced within a narrow range. As of now, the price of light soda ash in China is between 2,000 - 2,400 yuan/ton, and the price of heavy soda ash is between 2,300 - 2,500 yuan/ton; After the holiday, the soda ash market started to remain at a high level, and companies have no many maintenance plans. Some companies have adjusted their start, and the overall supply remains high; this week, the market was affected by snowfall weather, transportation in some areas was restricted, and corporate inventories increased slightly; Downstream demand performance is weak, enterprises are not willing to purchase, and focus on wait-and-see. Some enterprises maintain just need to purchase, the supply and demand relationship in the soda ash market is unbalanced, and the spot market price is weakening; in addition, under the influence of buying up but not buying down, soda ash market supply and demand game, prices are weak and stable.

In terms of futures, the performance of soda ash was weak after the Spring Festival holiday, and there was much negative information such as the increase in supply during the holiday. The main 05 contract fell sharply on the first day of opening, but it never exceeded the support of 1800 yuan/ton. Some funds rely on changes in the mentality of upstream and downstream in the cost margin game. The market is still observing the new round of replenishment of downstream stocks after the holiday and the feedback from upstream manufacturers 'inventory pressure on sales. For the time being, there is a lack of strong driving force for further downward trends. The overall trend during the week is dominated by weak shocks.

Forecast for next week: There is no maintenance plan in the soda ash market in the short term. The new equipment is operating normally, and the market supply will also increase. Currently, soda ash companies still have some orders pending, but the signing of new orders is weak this week, and the market transaction situation is weak; As downstream companies continue to recover after the holiday, downstream demand for soda ash may increase next week. However, the market supply and demand relationship is unbalanced, and market participants are more waiting and seeing, and the soda ash market may stabilize and weaken 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 February 22 this week, the profit of the combined alkali method was 780.2 yuan/ton, down 74.8 yuan/ton from the previous week; the profit of the ammonia-alkali method was 585.5 yuan/ton, up 5.5 yuan/ton from the previous week.

4. Equipment maintenance of soda ash enterprises

About 90% of the soda ash industry started this week, an increase of 2.27% from last week. According to incomplete statistics, the output of soda ash manufacturers this week is about 700,000 tons.

5. Soda ash manufacturer inventory

The total inventory of Chinese soda ash manufacturers this week was 750,500 tons, compared with about 670,000 tons last week, an increase of 80,500 tons month-on-month, or 10.73%.