Introduction to China Soda Ash Market (2023.08.7~2023.08.13)

2023-08-11360

This week, the trend of the domestic soda ash market is strong, the supply is tight, and the production and marketing are positive. Longzhong information data monitoring, the overall operating rate of soda ash within the week 78.30%, month-on-month -1.12 percentage points. The production of soda ash in the week was 548,100 tons, which was + 10,100 tons compared with the previous week, an increase of 1.31%. The initial reduction of individual enterprises recovered, some enterprises started to reduce the load, and the overall narrow fluctuation; The total inventory of domestic soda ash manufacturers was 207,700 tons, compared with -31,500 tons, down 13.17%, the heavy and heavy inventory declined simultaneously, and the heavy quality declined significantly; Soda ash enterprises waiting for orders to increase within the week, maintain about 18 days, and basically receive orders to the end of the month; Within the week, for the soda ash inventory statistics of downstream glass enterprises, 37% of the samples had 12+ days of soda ash inventory, down nearly 1 day; 45% of the sample 11+ days, down 1+ days; 50% of the sample 11+ days, down 1+ days, it is understood that the enterprise has an increase in the number of purchases in the month; It is understood that the social inventory continues to decline, and the overall amount is not high. On the supply side, the short-term impact of individual enterprise load is gradually restored, and the maintenance enterprise has not yet ignited, and the overall start and output are expected to rise next week. Next week, the operating rate is expected to be 80+% and the output will be 56+ tons. At present, enterprises are waiting for orders to support, low inventory and tight supply; Demand side, downstream demand is OK, recent replenishment, price focus increased. The downstream raw material inventory is not high, the safe amount is maintained, and there is an increase in waiting for shipment. In the week, the daily melt capacity of float method is 166,600 tons, and the daily melt capacity of photovoltaic is 90,200 tons, which is reduced by 850 tons, and a line is cold repaired. Pv and float production line stable next week. In summary, in the short term, soda ash is stable and strong, and the price is high and volatile.