Introduction to China Soda Ash Market (2024.8.12-2024.8.16)

This week, the domestic soda ash market trend is weak, low mood, the transaction is tepid, wait and see mood heavy.

Longzhong information data monitoring, the week soda ash output 680,400 tons, down 63,500 tons, down 8.53%. The comprehensive capacity utilization rate of soda ash was 81.61%, up from 89.23% last week, down 7.61 percentage points from the previous month. Enterprise maintenance and equipment problems of some enterprises led to the overall start and production decline; the total inventory of domestic soda ash manufacturers was 1.1483 million tons, or 0.85%. Increased 44,400 tons, or 0.38%, from last Thursday. Enterprise inventory high shock, Factors such as falling supply and business shipments, Inventory gains have narrowed; Week of soda soda enterprises to issue orders fell in a narrow range, Currently maintained for 10 + days; According to the understanding, Social inventory increased by 30,000 tons, Maintain an increasing trend; soda ash inventory of downstream glass enterprises within the week, In 35% of the samples, Field for 15.66 days, Down for 2 days, Field + for 24.57 days, Down by 3.47 days; In 47% of the samples, Field for 14.90 days, Down by 1.67 days, Field + waiting 19.76 days, Down by 2.94 days; In 50% of the sample for 14.90 days, Down by 1.51 days, Field + waiting 19.76 days, Down by 2.94 days.

On the supply side, soda soda enterprises have maintenance plans in the second half, and the output of individual enterprises is gradually recovered. Next week, the overall soda ash output and the start of construction are expected to increase. The output is expected to be around 710,000, and the operating rate is 85 +%. From the maintenance of the plan, the end of the month and the beginning of the next month enterprises have maintenance expectations. Recently, the price fell, and weak mood and other effects, new orders received in general.

On the demand side, the downstream demand is tepid, on-demand procurement is mainly, soda ash spot is unstable and the market low price impact, raw material reserve intention is not high, low price procurement, high price wait and see, the price center moves downward. At present, the downstream business situation is weak, the cold repair is expected to enhance, and the atmosphere is poor. With spot prices falling, exports are expected to increase. Within the week, the daily melting volume of float was 168,100 tons / day, down 1,000 tons from the previous month, and photovoltaic was 106,900 tons / day, down 1,800 tons. Next week, the float production line is not fluctuate, photovoltaic cold repair is not much, but the kiln production plan.

To sum up, short-term soda ash continued weak shock.(Source: Longzhong Information)