[Soda ash] Soda ash Weekly Review: Orders Increase, Soda ash market fluctuates within a narrow range

1. Analysis of China's soda ash market

China's soda ash prices have remained basically stable this week. As of now, , the price of light soda ash in China is between 1,900 - 2,100 yuan/ton, and the price of heavy soda ash is between 2,000 - 2,150 yuan/ton; this week, China's soda ash prices are mixed, and the overall price remains low; individual soda plants have been repaired and the market has started to start. There has been a slight decline; due to the low price of soda ash ash and the increased purchasing demand from downstream companies, the shipment situation of soda ash companies has improved, and some manufacturers have gone to the warehouse, and the inventory has been significantly differentiated; At present, the overall downstream demand for soda ash is average, companies have a strong wait-and-see attitude and relatively cautious stocking attitude; downstream companies have maintained stable start-ups, market sentiment has slowed down, and soda ash prices have mainly fluctuated within a narrow range.

In terms of futures, soda ash prices fell from high levels this week. Affected by the cooling of the spot market and limited changes in ex-factory prices, the space above futures prices is limited. Although there has been a slight decline on the supply side, the overall impact is limited, and output still meets the actual downstream demand. In addition, the previous light alkali replenishment market has not yet driven the sentiment of downstream heavy alkali replenishment. Manufacturers 'heavy alkali inventories are still under certain pressure. The ex-factory prices of individual companies have been slightly lowered. The combined impact of imported alkali arrival in Hong Kong and news has accelerated the downward trend during the week.

Forecast for next week: The overall start-up of soda ash manufacturers is relatively stable, and the equipment of individual enterprises fluctuates slightly. In the later period, some enterprises will re-stock maintenance plans, and the start of construction may decline again; currently, soda ash manufacturers have some orders in hand, and enterprises dispatch orders basically until the end of the month, and the spot price is relatively firm; Due to the equipment maintenance of individual enterprises and the increase in orders to be issued, soda ash stocks may continue to be divided mainly. Market people will wait and see, and the soda ash market may operate steadily 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 March 14 this week, the profit of the combined alkali method was 525 yuan/ton, up 9.0 yuan/ton month-on-month; the profit of the ammonia-alkali method was 333 yuan/ton, up 53.0 yuan/ton month-on-month.

4. Equipment maintenance of soda ash enterprises

About 89.0% of the soda ash industry started this week, down 2.52% from last week. According to incomplete statistics, the output of soda ash manufacturers this week is about 740,000 tons.

5. Soda ash manufacturer inventory

The total inventory of Chinese soda ash manufacturers this week was 800,000 tons, compared with around 868,000 tons last week, a month-on-month decrease of 68,000 tons, or 8.50%.