The soda ash market is stable and weakening, and manufacturers 'inventories are growing (5.25 Weekly Review of soda ash)

1. Analysis of China's soda ash market

This week, China's soda ash market has remained weak. As of now, the mainstream ex-factory price of light soda in China is between 1,700 - 2,100 yuan/ton, and the mainstream price of heavy soda delivered to the terminal is between 1,850 - 2,200 yuan/ton. The soda ash market is weak, and the market price has dropped significantly; Under the influence of the continued decline in prices, market procurement is more cautious, maintaining the need for replenishment, and there is a strong sense of suppressing soda ash prices; Soda ash companies have started at a high level and market supply is stable. Some companies have reduced prices and shipped goods to cushion inventory pressure. In addition, futures have a clear advantage over spot prices, and the soda ash market has a strong pessimism.

Forecast for next week: The transaction atmosphere in the soda ash market is light, there are not many market maintenance companies, and the industry's operating rate is stable; the downstream of light soda is depressed, and prices continue to fall. Heavy soda companies maintain demand, and corporate costs are under pressure; soda ash companies are under pressure to ship new orders., and corporate profits are gradually shrinking, and the soda ash market will continue to stabilize and weaken.

2. 纯碱areas市场价格对比

Unit: yuan/ton

3. Soda ash process profit statement

As of May 25 this week, the profit of the combined alkali method was 688 yuan/ton, down 262 yuan/ton from the previous week; the profit of the ammonia-alkali method was 500 yuan/ton, down 320 yuan/ton from the previous week.

4. Equipment maintenance of soda ash enterprises

This week, the soda ash industry started at 88.0%, up 3.0% month-on-month last week. Among them, ammonia and alkali manufacturers start operating on average 94%, combined alkali manufacturers start operating on average 83%, and natural alkali plants start operating on average 95%. According to incomplete statistics, the output of soda ash manufacturers this week is about 590,000 tons.

5. Soda ash manufacturer inventory

This week, the total inventory of Chinese soda ash manufacturers was 542,000 tons, compared with 538,000 tons last week, an increase of 4,000 tons month-on-month, an increase of 0.74%.