The spot price of soda ash has declined in the short term. There is not much room for downside in May, and there is no driver for the upward trend for the time being.

阅读次数：30  更新时间：2024-05-16

Stock status

The total inventory of domestic soda ash enterprises on May 16 was 842,000 tons (including some manufacturers' external inventory), which was basically the same as the inventory on May 9, an increase of 62.5% year-on-year. Among them, the heavy alkali inventory was about 490,000 tons, which was about 490,000 tons compared with the inventory on May 9. Daily inventories fell 2.2%. This week, the operating load rate of the soda ash industry dropped, and the supply of goods decreased. Recently, soda ash manufacturers have generally received new orders, and prices have loosened somewhat.

The domestic soda ash market is weak, and manufacturers' shipments are average. Henan Junhua soda ash plant is operating normally, while China Salt Qinghai Alkali Industry is shut down for maintenance. The recent follow-up of new orders in the market has been poor. The prices of some new orders have dropped by about 50 yuan/ton, and soda ash manufacturers have increased their intention to negotiate. Downstream users mainly purchase on demand, with a cautious wait-and-see attitude.

The soda ash market in the northwest region is weak. The ex-factory price of light alkali in Qinghai is estimated at 1,800-1,900 yuan/ton, and the ex-factory price of heavy alkali is 1,820-1,900 yuan/ton. The soda ash market in North China is weak. The mainstream ex-factory price of light alkali from soda ash manufacturers in Shandong is 2100-2200 yuan/ton. The terminal price of some external sources of supply is 2150-2200 yuan/ton. The estimated delivery price of heavy alkali from local glass manufacturers is at 2100-2200 yuan/ton. 2150-2250 yuan/ton. (Price conditions: tax included, acceptance).

Thermal coal in Northern Port continues to be in a stalemate, and market transactions are not active. Some traders at the port still have optimistic expectations for the market outlook, with a strong intention to raise prices now and a low willingness to ship at low prices; however, downstream users are more resistant to high prices and are not very enthusiastic about making inquiries and purchases, and most of them continue to wait and see. Overall, there are serious differences in mentality between buyers and sellers, and the actual market transactions are not active.

Domestic float glass prices are generally stable, with some sporadic adjustments. Today, North China is stable with small movements, some small plates in Shahe are slightly loose, the market trading atmosphere is general, there is no pressure on supply for the time being, and the large plates are stable; Central China float glass prices are basically stable, market demand has not changed much, and the mentality is relatively calm; East China The market is operating stably for the time being, with each manufacturer keeping prices stable and waiting. There is little change in shipments. Some individual factory shipments are acceptable, and most production and sales are still average. South China float white glass prices are mainly stable, and individual companies' colored glass prices have dropped. The market is waiting and watching. The atmosphere is strong, and terminals mostly purchase on demand; prices in the southwest market are stable, and there are certain differences in regional production, sales, and inventory. Sichuan companies maintain good shipments and inventory declines.

Recently, the situation of receiving new orders from soda ash manufacturers is average, and manufacturers are more flexible in accepting orders and shipping. Downstream users are purchasing on demand and are increasingly interested in lowering the price of soda ash. In the short term, the domestic soda ash spot market may decline.

上一篇: Introduction to China’s Soda Ash Market (2024.05.03-2024.05.09)
下一篇: Soda Ash: Impact of Inventory on Prices