Industry News

Introduction of Soda Ash market in China (2024.4.8 ~ 2024.4.12)

This week, the trend of domestic soda ash is stable to strong, some companies have closed orders, and some companies have raised prices, boosting sentiment. According to Longzhong Information data monitoring, soda ash output during the week was 706,200 tons, an increase of 8,000 tons month-on-month, or 1.15%. The overall operating rate of soda ash was 84.71%, which was 85.05% last week, a month-on-month decrease of 0.34%. The load of individual enterprises has increased, production capacity has been adjusted, and enterprise equipment has been reduced and shut down, so the overall supply has been limited. The inventory of soda ash manufacturers is 912,500 tons, a month-on-month decrease of 4,300 tons, or 0.47%. The order waiting list for soda ash companies has increased to 14 days, the company's new order receipts are improving, and transactions have improved. It is understood that social inventories are increasing in a narrow range with small fluctuations. On the supply side, the soda ash reduction equipment may face recovery next week. Only some equipment is expected to be overhauled. The overall supply is increasing. The operating rate is expected to be around 88% next week, with an output of 730,000 tons. The spot price fluctuated slightly, with transaction orders being the main focus. On the demand side, downstream demand performance improved, and inquiries and transactions increased. The downstream start-up fluctuated slightly. During the week, the daily melting volume of float method was 174,400 tons, a decrease of 0.85% from the previous month. The daily melting volume of photovoltaic was 106,200 tons, which was the same as the previous month. The float and photovoltaic production lines are expected to be stable next week, and two photovoltaic production lines are scheduled to be ignited near the weekend, totaling 2,100 tons. To sum up, the short-term soda ash trend is volatile, and some companies have the intention to increase prices.(It is reported by Longzhong Information)
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