China's soda ash market dynamics

After the festival, the domestic soda ash market trend is weak, the price of a narrow range of adjustment, flexible transaction. Longzhong Information data monitoring, within the week of soda ash production of 661,800 tons, up 38,400 tons, or 6.16%. The comprehensive capacity utilization rate of soda ash was 79.39%, 74.78% last week, up 4.61 percentage points from the previous month. Enterprise maintenance gradually restored, output and start increase; during the week, domestic soda ash manufacturers inventory 1.3988 million tons, 48,300 tons more than last Thursday, or 3.58%, during the holiday enterprise shipment slow, some enterprises inventory accumulation, high concentration; during the week, soda ash enterprises pending orders narrow range fluctuation, Yin fall adjustment, close to 7 days; it is understood that the social inventory continues to warehouse, the decline is close to 50,000 tons, the total maintained about 370,000. On the supply side, with the end of maintenance, the enterprise starts gradually recover, and the start and output are expected to increase. The whole is expected to open about 84% next week, production increased to 700,000 tons. After the festival, the enterprise mainly received orders, the price of a single discussion. It is understood that some enterprises export orders received, the volume of increased. Spot prices fell, the industry floating losses. On the demand side, soda ash demand performance is tepid, spot price is unstable, emotional constraints, procurement enthusiasm is not high. At present, the downstream raw material inventory is not high, before the festival low transaction, replenishment expectations. Within the week, the daily melting volume of float was 166,700 tons, down 300 tons, and the daily melting volume of photovoltaic was 98,500 tons, down 500 tons. To sum up, the short-term soda ash trend shock is weak, the bottom hovering.(Longzhong Information)