[Soda ash] Soda ash Weekly Review: Soda ash prices are weak, market sentiment is cautious

Soda ash prices are weak, market sentiment is cautious (7.18 Soda Ash Weekly Review)

1. Analysis of domestic soda ash market

This week, the domestic soda spot market has stabilized and weakened. As of Thursday, the domestic light soda price is between 1,800 - 2,100 yuan/ton, and the price of heavy soda is between 2,000 - 2,300 yuan/ton; this week, some companies have installed maintenance and the market has started to decline; companies have reduced their early orders in hand, and manufacturers have slightly removed their warehouse; downstream demand is in a sluggish trend, purchasing sentiment continues to cool down, heavy soda needs are insufficient, company quotations are loose, and the soda market is weak.

In terms of futures, soda ash prices remained weak and mainly volatile during the week. The fundamentals of its own weak reality are difficult to effectively improve in the short term. The maintenance of the supply side has a limited impact on the actual supply and demand relationship. It is difficult for the market to form effective positive feedback. However, the downward trend has weakened after absolute prices continue to weaken, and may remain weak in the short term. Operation, but need to guard against unexpected disturbance events and macro atmosphere impacts.

Forecast for next week: Individual companies resume production and maintenance plans in parallel, and soda ash supply remains high and volatile; The focus of transactions in the downstream float glass market has declined, demand is limited, and the market is more on the sidelines; the soda ash market is still weak, and prices are expected to remain weak and stable 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 July 18 this week, the profit of the combined alkali method was 555 yuan/ton, down 27 yuan/ton from the previous week; the profit of the ammonia-alkali method was 335 yuan/ton, unchanged from the previous week.

4. Equipment maintenance of soda ash enterprises

About 86.60% of the soda ash industry started this week, down 0.80% from last week. According to incomplete statistics, the output of soda ash manufacturers this week was about 723,400 tons.

5. Soda ash manufacturer inventory

The total inventory of domestic soda ash manufacturers this week was 899,200 tons, compared with around 903,600 tons last week, a month-on-month decrease of 0.49%.