Introduction to China Soda Ash Market (2023.10.07~2023.10.13)

This week, the domestic soda ash market showed a downward trend, the price fell, and the transaction center of gravity moved down. Longzhong information data monitoring soda ash production of 691,100 tons, up 0.70%. The overall operating rate of soda ash is 88.78%, +0.62 percentage points from the previous quarter. Individual enterprise load increase, device large stability small movement mainly; The total inventory of soda ash manufacturers in the week was 314,700 tons, +3.97 tons month-on-month, an increase of 14.44%. From the trend of heavy and heavy synchronous rise, of which light increased significantly, heavy narrow increased, individual enterprises increased significantly; In the week of soda ash enterprises to be issued orders stable decline, currently maintained 8+ days, new orders received general; Within the week, for the understanding of the inventory of soda ash in the downstream glass enterprises, 35% of the sample 9+ days increased by about 0.5 days, 45% of the sample 8+ days, increased by 0.41 days, 50% of the sample 8+ days, increased by 0.31 days, the inventory did not fluctuate much, order execution, supply to the factory, and new orders were cautious; It is understood that the social inventory has increased in a narrow range, less than 10,000 tons. On the supply side, there is no maintenance in the near future, and it is expected that the construction of equipment will continue to be stable. It is estimated that 89+% will be started next week, and the output will be close to 700,000 tons. After the festival, the performance of the enterprise orders is lukewarm, the spot price is unstable, the price is adjusted, and the enterprise executes the previous order. On the demand side, the demand for soda ash is weak, the procurement is not active, the price of soda ash is falling, the wait-and-see mentality is heavy, and just needs to be maintained. Among them, the light demand is weak, the start of some industries has declined, the operating status is not good, the heavy soda ash is maintained, and the imported alkali is supplemented at the port. The daily capacity of float glass within the week is 171,500 tons, +0.79% compared with 5 days, and the daily capacity of photovoltaic is 94,400 tons, which is stable from the previous month. Next week, the float is expected to put a line, the capacity of 700 tons, the specific put to the enterprise, photovoltaic capacity is stable. Recently, the soda market sentiment is weak, the spot price is falling, and the expectation is pessimistic. In summary, the short-term soda ash trend fluctuates downward.