Introduction to China soda ash market (2024.10.28-2024.10.31)

This week, the domestic soda ash market trend shock operation, mainly narrow price adjustment. Longzhong Information data monitoring, soda ash output 711,000 tons, down 15,200 tons, down 2.09%. The comprehensive capacity utilization rate of soda ash was 85.29%, 87.11% last week, down 1.82 percentage points from the previous month. Some enterprises short stop or equipment problems, the start and output decreased; the total inventory of soda ash manufacturers within the week was 1.6777 million tons, up 14,700 tons, or 0.88%, from Monday. That was 27,400 tons, or 1.66 percent, from Thursday. The overall inventory continued to increase, individual enterprises increased significantly, and most enterprises maintained production and sales; During the week, soda soda orders increased, and orders received at the end of the month and downstream replenishment maintained for about 11 days. According to the understanding, the social inventory narrow range decline, close to 10,000 tons, the total amount of about 310,000. On the supply side, the recent parking of individual enterprises, and load fluctuations, the subsequent gradual recovery, the impact of limited production. Next week is expected to soda ash production of 720 + million tons, operating rate of 86 +%. Near the end of the month, the price of enterprises, enterprises have a small boost, the recent active orders. On the demand side, soda ash demand is general, tepid, based on demand, just need to fill the library. The operation of downstream devices fluctuates little, the consumption is basically stable, and the recent trend of individual industries is strong. Futures prices rose, sentiment, but fundamentals are not improving. The daily melting volume of the week was 158,200 tons, down 4,000 tons from the previous month, and the photovoltaic glass production was 95,300 tons, down 700 tons from the previous month. Next week, the float is expected to be 600 tons of cold repair, 900 tons of products out. Photovoltaic glass production is expected to be stable, to sum up, the short-term soda ash shock operation, the fundamentals are weak, the mood is strong.(Longzhong Information)