[Soda ash] Soda ash Weekly Review: Soda ash price range fluctuates and the market is willing to rise again

Soda ash price range fluctuates and the market is willing to rise again (4.18 Soda Ash Weekly Review)

1. Analysis of China's soda ash market

This week, the price range in some areas of China's soda ash market fluctuated and adjusted. As of now, the price of light soda ash in China is between 1,850 - 2,150 yuan/ton, and the price of heavy soda ash is between 1,950 - 2,250 yuan/ton. This week, some soda ash companies resumed production, and market supply has improved; the price of soda ash is low, some companies have increased their purchases, and manufacturers have gone to warehouses; At present, the inventory of soda ash manufacturers is not high, but the inventory distribution is relatively uneven. The supply of soda ash in some regions is tight, and prices have increased slightly. This week, the transaction atmosphere in the soda ash market is still good. The start-up of downstream companies is basically stable. The demand for soda ash market is temporarily stable. Market prices are running firm.

In terms of futures, soda ash prices rebounded sharply this week. At present, supply-side maintenance continues, coupled with seasonal natural reductions, and subsequent production may not be able to rebound significantly. However, subsequent downstream photovoltaic glass has a large number of growth expectations, and the dynamic supply-demand relationship is tightening or even reversing expectations. Before the expectation of supply reduction and demand increase cannot be falsified, soda ash futures prices may remain strong.

Forecast for next week: soda ash maintenance companies may partially recover, and market supply may increase; companies have sufficient orders in hand, some manufacturers have closed orders, and production and sales in the soda ash market are basically balanced; downstream companies 'purchasing sentiment is still good, and some companies choose to wait and see. Subsequently, soda plants in some regions have raised expectations again, and soda ash prices are expected to fluctuate upwards 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 April 18 this week, the profit of the combined alkali method was 405 yuan/ton, down 45.0 yuan/ton from the previous week; the profit of the ammonia-alkali method was 251 yuan/ton, down 7.0 yuan/ton from the previous week.

4. Equipment maintenance of soda ash enterprises

About 85.80% of the soda ash industry started this week, up 1.54% month-on-month last week. According to incomplete statistics, the output of soda ash manufacturers this week is about 718,000 tons.

5. Soda ash manufacturer inventory

The total inventory of Chinese soda ash manufacturers this week was 885,000 tons, compared with around 908,000 tons last week, a month-on-month decrease of 23,000 tons, or 2.60%.