Introduction of Soda Ash market in China (2024.4.12 ~ 2024.4.18)

This week, the domestic soda ash market fluctuated strongly, and individual companies raised prices within a narrow range. According to Longzhong Information data monitoring, soda ash output during the week was 713,700 tons, an increase of 1.06%, and the soda ash operating rate was 85.61%, an increase of 0.90% month-on-month. Maintenance of individual companies has resumed, and output has increased steadily; the inventory of soda ash manufacturers during the week was 890,900 tons, a decrease of 3,600 tons, or 0.40%, from Monday. Inventory distribution is uneven, with some companies having high inventories, and some companies having low inventories. Production and sales are balanced, and inventory fluctuations are small; During the week, orders for companies to be shipped remained for about 14 days, basically until the end of the month, and some companies until the beginning of next month; it is understood that social inventories increased slightly, and the overall fluctuations were not large.The current soda ash inventory of downstream glass companies during the week: 35% of the samples were on the market for 20.95 days, up 3.67 days, on the market + pending for 32.22 days, up 9.73 days; 45% of the samples were on the market for 19.57 days, up 3.41 days, on the market On-site + pending for shipment 28.79 days, up 8.09 days; 50% of samples, on-site + pending for 28.13 days, up 3.29 days; for 50% of the samples, on-site + pending for 28.13 days, up 7.79 days. In some areas, downstream inventory reserves are relatively high, and early purchases are required. On the supply side, some companies have completed maintenance, and new maintenance is scattered. It is expected that the start-up and output will increase steadily. It is estimated that 88+% of the start-up will be started next week, and the output will be 730,000 tons. Recently, orders from companies are acceptable and shipments are normal. Some companies have low inventories, tight shipments, and continued production and sales. On the demand side, the demand for soda ash is average. After early replenishment, high stocks are on the sidelines and low stocks are replenished. Downstream equipment is operating relatively normally, and soda ash consumption is stable. It is understood that the holding volume of intermediate links has increased. Currently, market sentiment is doing well. During the week, float production was 174,400 tons, which was stable month-on-month, and photovoltaic production was 106,200 tons, which was stable month-on-month. Before the end of the month, two photovoltaic production lines are expected to be put into operation, with a production capacity of 2,400 tons per day. To sum up, it is expected that the short-term soda ash trend will fluctuate upward, and the price is expected to rise.（Longzhong information）