[Soda ash] Soda ash Weekly Review: After the holiday, the prices of enterprises going to warehouse within a narrow range are firm and stable

1. Analysis of China's soda ash market

This week, China's soda ash market is operating stably. Prices continue to rise before the festival, and prices have basically remained stable after the festival. As of now, China's light soda ash price is 2,100 - 2,250 yuan/ton, and the price of heavy soda ash is 2,200 - 2,350 yuan/ton; This week, the market start-up load dropped slightly, mainly due to the impact of equipment maintenance in individual soda plants; soda ash companies have good orders on hand, which has strong price support, and some manufacturers have overstocked; Procurement in the downstream market is still relatively cautious, market demand is stable, and the sentiment towards purchasing low-priced soda ash is good. High-priced soda ash is still resistant. The follow-up of new orders has slowed down this week. Market transactions are relatively flexible, and some transaction prices can be negotiated individually.

In terms of futures, soda ash prices remained mainly volatile after the holiday. Supply-side maintenance companies have repeated, and the dynamic supply-demand relationship is still tightening. However, high-priced raw materials have also had an impact on downstream procurement efforts, making it difficult for the market to provide further positive feedback. Market sentiment has cooled down accordingly, but the conditions for reversal have not yet been reached. In the short term, it may remain wide-ranging fluctuations and wait for the start.

Forecast for next week: Some companies still have maintenance arrangements this month, and the equipment is expected to be reduced, but the market impact will be relatively small in the short term; the soda factory has some orders in hand, the production and sales of the soda ash market are basically balanced, and some new orders are being followed up one after another; The purchasing sentiment is still cautious, downstream companies just need to purchase, and the soda ash market may fluctuate within a narrow range 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 May 9 this week, the profit of the combined alkali method was 728 yuan/ton, up 200 yuan/ton month-on-month before the holiday; the profit of the ammonia-alkali method was 450 yuan/ton, down 10 yuan/ton month-on-month before the holiday.

4. Equipment maintenance of soda ash enterprises

This week, the soda ash industry started about 86.20%, down 2.05% month-on-month before the holiday. According to incomplete statistics, the output of soda ash manufacturers this week is about 720,000 tons.

5. Soda ash manufacturer inventory

The total inventory of Chinese soda ash manufacturers this week was 893,000 tons, compared with around 898,000 tons last week, a month-on-month decrease of 5,000 tons, or 0.56%.