The operation of the domestic soda ash market this week
Date：
2023-12-22 10:41
This week, the domestic soda ash market has remained stable and volatile, with prices hovering at high levels, and some companies experiencing a bearish decline in prices.
According to data monitoring from Longzhong Information, the production of soda ash during the week was 647000 tons, a decrease of 1.49%, and the overall operating rate was 83.11%, a decrease of 1.26 percentage points compared to the previous week. Individual enterprises experience unstable load or equipment problems, leading to a decrease in operating rates; The inventory of soda ash during the week was 353900 tons, a month on month increase of+12900 tons, an increase of 3.78%. Most enterprises maintain production and sales, while some enterprises increase inventory; During the week, the number of pending orders for enterprises decreased, basically continuing until the end of the month. Some enterprises continued to receive orders until next month. It is understood that the increase in inventory in the delivery warehouse is not significant, with a slight increase.
During the week, regarding the inventory of downstream glass enterprises, 37% of the samples are currently on site for 15.18 days, a decrease of 0.32 days, and on site+pending for 23.11 days, a decrease of 1.88 days; 45% of the samples were on-site for 14.20 days, on-site+waiting for 20.79 days, a decrease of 1.69 days; 50% of the samples will last for 14.27 days, while on-site+standby will last for 20.45 days, a decrease of 1.53 days.
On the supply side, enterprise maintenance and equipment repair have led to an increasing trend in production and operation. It is expected that the production will approach 680000 tons next week, with an operating rate of around 87%. Entering January, the maintenance and production restrictions of some enterprises have ended, and with the stability of other devices, there is expected to be an upward trend in construction. The inventory of enterprises is not high, production and sales are maintained, and prices are relatively firm, but some enterprises have loosened their prices.
On the demand side, the demand for caustic soda is average, and downstream demand is mainly based on demand, with high prices resisting. Recently, the focus of transaction prices has shifted downwards. Approaching the end of the month, the expected procurement of essential goods will be supplemented. From the current understanding, there is not much change in downstream raw material inventory, mainly based on demand, with imported alkali arriving at the port later.
In summary, the short-term trend of the soda ash market is fluctuating, and there are actual transactions that can be discussed by some enterprises. (Source: Longzhong Information)
