Introduction of Soda Ash market in China (2024.3.18 ~ 2024.3.22)

       This week, the soda ash market fluctuated and transactions were flexible. According to Longzhong Information data monitoring, soda ash production was 732,400 tons, a decrease of 0.10%, and the overall alkali operating rate was 89.22%, a month-on-month decrease of 0.09%. The load of individual enterprises decreased, and the overall impact was small; The inventory of soda ash manufacturers during the week was 787,900 tons, an increase of 5,700 tons or 0.73% from Monday. The production and sales of enterprises were maintained, and the inventory was adjusted within a narrow range. Some enterprises had higher inventories; orders for soda ash to be shipped fell by about 11 days during the week, a decrease of nearly 4 days, the receipt of new orders was tepid, and early orders were supported; It is understood that social inventories have increased in a narrow range; on the supply side, the load of individual companies has increased, and there are few maintenance companies. The overall start-up and output are on the rise. It is expected that 91+% of the start-up will be started next week, with an output of over 750,000 tons. Enterprise orders are basically until the end of the month, and spot prices are negotiable one by one. On the demand side, downstream demand performance is average, new orders are scattered and transactions are mainly executed, and there is a strong wait-and-see sentiment. The fluctuations in the start-up of downstream equipment are small, and soda ash consumption is normal. Recently, imported alkali has arrived in Hong Kong, orders have been fulfilled, and raw material inventories of individual companies have been replenished. During the week, the daily melting volume of float glass was 176,500 tons, an increase of 0.63%, and the daily melting volume of photovoltaic was 100,600 tons, an increase of 1,000 tons. Before the end of the month, three photovoltaic lines are planned to be put into operation, with a daily melting capacity of 3,800 tons. The details are subject to the enterprise. There is no plan for the float method. To sum up, in the short term, the trend of soda ash is fluctuating and the supply and demand game is going on.(It is reported by Longzhong Information)