China Soda Ash Glass Market Weekly Report 20240614

This week, the domestic soda ash market trend is weak, prices have been reduced, and the focus has shifted downward. According to Longzhong Information data monitoring, during the week, soda ash output was 745,700 tons, an increase of 9,800 tons month-on-month, or 1.33%. The operating rate was 89.45%, 88.27% last week, an increase of 1.18% month-on-month. There have been few maintenance companies recently, and the equipment is in normal production, with operations and output increasing. During the week, domestic soda ash manufacturers had inventories of 896,500 tons, an increase of 8,400 tons or 0.95% from Monday. Recently, the inventory has increased slightly and the weight has gone away, and the overall performance has been increasing; during the week, the orders to be issued by enterprises have remained stable, with small fluctuations, lasting for 10+ days, and the receipt of new orders has been average and tepid; it is understood that social inventory has increased during the week It narrowed, with an increase of about 3,700 tons, basically the same. On the supply side, soda ash companies have no maintenance for the time being, and the load of individual companies fluctuates. The trend is that the start-up and output will continue to increase. It is expected that the output next week will be 750,000+ tons, and the start-up will be 90+%. The impact of unexpected events and the stability of equipment cannot be ruled out.Enterprise shipments slowed down, new order receipts were weak, and spot prices fell. On the demand side, the demand for soda ash is average. Purchasing is mainly based on demand. Transactions are made at low prices, but there is conflict with high prices. Stocks are replenished appropriately. Recently, some downstream companies in the light industry have had weak performance, poor operating conditions, and high inventories of finished products. Market sentiment is not positive, purchase cautiously, and prices are unstable. During the week, the daily melting capacity of float was 168,800 tons, down 1.07% from the 13th, and that of photovoltaic was 114,500 tons, which was stable month-on-month. Photovoltaic was not started during the week and was delayed. Next week, it is planned to launch two photovoltaic lines, with an estimated production capacity of 2,400 tons, and the float method is stable. To sum up, in the short term, the trend of soda ash is volatile and weak, and transactions are flexible. (Longzhong Information)