[Soda ash] Soda ash Weekly Review: The soda ash market is stable and small, and the market has a strong wait-and-see attitude

1. Analysis of China's soda ash market

This week, China's soda ash market has stabilized and moved slightly. As of now, the price of light soda ash in China is between 1,800 - 2,000 yuan/ton, and the price of heavy soda ash is between 2,000 - 2,200 yuan/ton. This week, some companies in the soda ash market have reduced production by a small amount, but the overall start-up is still high; supply and demand in the soda ash market are basically balanced, with some manufacturers 'inventories being removed from warehouses within a narrow range, and individual companies' inventories are still at high levels; Demand in the downstream market is relatively stable. Most companies have some orders in hand. The overall inventory pressure is not large, and the market is mainly adjusted within a narrow range.

In terms of futures, soda ash prices this week generally fluctuated within a narrow range with the market environment. Although there has been a slight reduction on the supply side at present, the overall supply side is still fluctuating within a high level and within a narrow range. The supply-demand relationship has not yet changed. However, the phenomenon of subsequent upstream price stabilization still exists. More unexpected production reductions cannot be ruled out. The decentralization cost support is still strong. When the spot market quotes are relatively stable, it is difficult to break the upper and lower space of futures prices with strong driving forces.

Forecast for next week: Maintenance of individual soda ash companies may resume next week, and companies will deliver orders on hand; in the near future, market production and sales are basically balanced, and downstream companies are maintaining just need to purchase. The soda ash market is expected to operate steadily, with supply and demand playing a game.

2. 纯碱areas市场价格对比

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 88.8% of the soda ash industry started this week, down 1.12% month-on-month. According to incomplete statistics, the output of soda ash manufacturers this week was about 139,000 tons.

5. Soda ash manufacturer inventory

The total inventory of Chinese soda ash manufacturers this week was 795,000 tons, which was around 800,000 tons last week, a month-on-month decrease of 15,000 tons, or 1.91%.