Brief introduction of Soda Ash, Float Glass, Photovoltaic Glass and Ammonium Chloride market in China (2024.3.11 ~ 2024.3.15)

        Soda ash: Last week, the domestic soda ash market mainly consolidated. The impact of some soda ash plants has been reduced, and the overall operating burden of the industry has declined. In the early stage, downstream and traders in the Middle East replenished goods, and the orders to be shipped by soda ash manufacturers increased. Some manufacturers received orders until the second half of this month. The overall inventory of light alkali dropped significantly, and some of the new light alkali orders quoted an increase of 50-100 yuan/ton. Heavy alkali downstream manufacturers mainly purchase on demand, and the mainstream transaction prices in the market have not changed much. Futures prices are weak and volatile, the market is cautious and  wait-and-see, and middlemen are mainly active in shipping.

       Float glass: The domestic float glass market consolidated weakly last week, and the overall price center of gravity shifted further. The average price of float glass was 1,942.46 yuan/ton, a month-on-month decrease of 97.44 yuan/ton, or 4.78%, and the month-on-month decline expanded. Prices fell further in many places during the week. Transactions in North China have improved, but shipments in other regions have not improved significantly, and overall shipments are still under pressure. On the demand side, orders from downstream processing plants are slowly recovering. Overall orders from the southern region are better than those from the north. There are differences in orders from processing plants. The overall operating rate is still low, and demand support is weak. On the supply side, production capacity remains at a relatively high level. Some production lines have recently begun to produce glass, and inventory pressure has gradually increased. Looking at the market outlook, the short-term contradiction between supply and demand still exists, downstream processing plants may be cautious in replenishing goods, and it is difficult to reverse the trend. Some regional manufacturers plan to increase prices and pay attention to changes in trading volume and sustainability. As of last Thursday, there were a total of 311 float glass production lines in the country, 258 of which were in production, with a total daily melting capacity of 175,765 tons, which was the same as last week (corrected to 175,765 tons). During the week, one production line was restructured, and the production line was temporarily ignited and cold repaired.

        Photovoltaic glass: Overall trading in the domestic photovoltaic glass market was good last week, and inventories continued to decline. Recently, domestic terminal power station projects have been launched one after another, some overseas orders have been followed up, and the follow-up of new orders from component manufacturers has been acceptable. As production advances, some purchases are needed. In addition, component manufacturers are expected to continue to increase their production schedules next month, and some leading manufacturers are stocking up in appropriate quantities. The market trading atmosphere is heating up, and demand is supported. At this stage, glass manufacturers' shipments are relatively smooth, and inventories continue to decline, with some of the declines being significant, suggesting a push for prices to rise. In terms of price, mainstream order prices are temporarily stable, and the supply of low-price goods is reduced. As of last Thursday, the mainstream order price of 2.0mm coated panels was 16.25 yuan/square meter, which was the same as the previous month. The mainstream order price of 3.2mm coated panels was 25.5 yuan/square meter, which was the same as the previous month. There are 489 photovoltaic glass production lines in the country, with a total daily melting capacity of 99,810 tons/day, an increase of 0.74% month-on-month.

         Ammonium chloride: The ammonium chloride market supply fluctuated at a high level within a narrow range, demand performance did not meet expectations, and prices advanced steadily. In the spring, when compound fertilizer production is concentrated, ammonium chloride, one of the raw material fertilizers, is not as prosperous in the peak season. Analyzing the reasons why the intention to increase the price of ammonium chloride has not been implemented, firstly, the operating rate of domestic joint alkali production capacity continues to be high and the new planned production capacity is approaching to increase supply; secondly, the follow-up of orders for compound fertilizers in the spring is average, which fails to drive the trading enthusiasm of raw material fertilizers; ammonium chloride production and sales are mainly stable, and the price center continues to stabilize and consolidate. The average ex-factory price of wet ammonium is 479 yuan/ton, and the average ex-factory price of ammonium is 574 yuan/ton, which is the same as last week's price.（It is reported by SUBLIME CHINA INFORMATION）