1. Analysis of China's soda ash market
This week, some prices in China's soda ash market fluctuated downward. As of now, the price of light soda ash in China is between 2,150 - 2,350 yuan/ton, and the price of heavy soda ash is between 2,300 - 2,500 yuan/ton. This week, some maintenance companies resumed production, and the supply of soda ash has increased; After the holiday, the transaction atmosphere in the soda ash market weakened. As companies delivered orders in hand, follow-up on new orders was weak, and some manufacturers 'light soda stocks increased; Demand in the downstream market remains just in need of procurement, and companies are more cautious in purchasing, and high prices are in conflict. Low-cost soda ash has flowed into some areas, market prices have been reduced within a narrow range, and market operations have been weak.
In terms of futures, soda ash prices continued to decline month-on-month during the week. The weakening of soda ash fundamentals this week has been confirmed. A large number of soda plant maintenance plans have been implemented, output has rebounded significantly, and the supply-demand relationship has eased in stages. After the market's decline, it has formed a certain negative feedback on the spot market. The order receiving by soda plants continues to weaken month-on-month, and the enthusiasm for purchasing on the demand side has slowed down relatively. However, follow-up maintenance plans still exist, demand-side growth expectations cannot be falsified, and bottom support for soda ash prices still exists.
Forecast for next week: In the short term, soda ash companies have no maintenance plans, and the market starts to maintain a high level; soda ash market is weak, with fewer new orders being sold. Some companies are under inventory pressure and the prices of new orders have been adjusted within a narrow range; manufacturers 'inventories are differentiated, and there is no growth point in demand in the short term. Supply and demand in the soda ash market is weak balanced, and prices remain weak and stable.
2. Comparison of market prices of soda ash in regions
Unit: yuan/ton
3. Soda ash process profit statement
As of June 13 this week, the profit of the combined alkali method was 790 yuan/ton, down 122 yuan/ton from the previous week; the profit of the ammonia-alkali method was 535 yuan/ton, up 4.5 yuan/ton from the previous week.
4. Equipment maintenance of soda ash enterprises
About 88.5% of the soda ash industry started this week, up 7.93% month-on-month 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 856,200 tons, compared with around 812,000 tons last week, an increase of 44,200 tons month-on-month, or 5.16%.
