[Soda ash] Soda ash Weekly Review: Soda ash market fluctuates and new orders increase

1. Analysis of China's soda ash market

This week, the price of China's soda ash market fluctuated. As of now, the price of light soda ash in China is between 1,750 - 2,150 yuan/ton, and the price of heavy soda ash is between 1,900 - 2,300 yuan/ton. At the beginning of the week, the soda ash market was weak and stable, and the market transaction situation was poor. Some companies parked their installations, and the market started to decline again; With soda ash prices at a low level, some market participants believe that prices have hit bottom, companies 'sentiment to stock up has increased, the market transaction atmosphere has improved, the inventory of some manufacturers has dropped, and corporate pressure has eased; downstream glass production lines have remained stable, and the supply and demand relationship in the soda ash market has gradually returned to balance., market prices have remained stable.

In terms of futures, soda ash prices rebounded sharply this week. Currently, the supply side has a continuous maintenance plan, and output has declined to a certain extent. However, the recent growth expectations of downstream photovoltaic glass are strong, and the dynamic supply and demand relationship is tightening, which supports soda ash prices. In the follow-up, expectations for supply recovery and expectations for demand growth exist simultaneously. In the short term, the waiting direction may be dominated by high shocks. It is necessary to focus on changes in actual output at the supply side and actual downstream undertaking efforts.

Forecast for next week: Early equipment maintenance enterprises will resume in the later period. Individual enterprises will repair equipment, and soda ash supply is expected to increase; downstream market demand will pick up and market orders will increase. Float and photovoltaic production lines are expected to be stable next week. The soda ash market demand will be good, and market prices are expected to operate in a narrow range.

2.  Comparison of market prices of soda ash in regions

Unit: yuan/ton

3. Soda ash process profit statement

As of April 11 this week, the profit of the combined alkali method was 450 yuan/ton, down 60.0 yuan/ton from the previous week; the profit of the ammonia-alkali method was 258 yuan/ton, down 72.0 yuan/ton from the previous week.

4. Equipment maintenance of soda ash enterprises

About 84.5% of the soda ash industry started this week, down 0.71% from last week. According to incomplete statistics, the output of soda ash manufacturers this week is about 710,000 tons.

5. Soda ash manufacturer inventory

The total inventory of Chinese soda ash manufacturers this week was 908,000 tons, compared with around 920,000 tons last week, a month-on-month decrease of 12,000 tons, or 1.32%.