Soda Ash Weekly Review: Manufacturers Reduce Inventory, Prices Stabilize and Rebound

Domestic Soda Ash Market Analysis:

• This week, the domestic soda ash market prices showed a stable increase. Currently, the price of light soda ash is 2200-2400 CNY/ton, and heavy soda ash is 2300-2600 CNY/ton. This week, some enterprises reduced their operational load, leading to a slight adjustment in market supply. Recently, there has been an increase in downstream market demand, improving the market transaction atmosphere. New orders for businesses have increased, with most manufacturers now scheduled up to the end of the month, resulting in a declining trend in manufacturer inventories. The market transaction atmosphere has been good lately, with businesses delivering previously held orders, and the soda ash market operating stably.

Next Week's Forecast:

• Downstream market businesses currently have no maintenance plans, and there are plans to increase production later, so market operation is expected to rise. With the expectation of future market facilities resuming, and no significant increase in demand, downstream businesses remain cautious in their purchasing. The rise in soda ash market prices may slow down, and the market is expected to operate with fluctuations.

Soda Ash Process Profit Table:

• As of November 16th, the profit for the combined alkali method was 940 CNY/ton, up 199.5 CNY/ton from last week; the profit for the ammonia-alkali method was 525.5 CNY/ton, up 162.5 CNY/ton from last week.

Soda Ash Enterprise Equipment Maintenance Situation:

• This week, the soda ash industry's operation rate was 84.50%, down 0.59% from last week. According to incomplete statistics, soda ash manufacturers produced about 650,000 tons this week.

Soda Ash Manufacturers' Inventory Levels:

• This week, the total inventory of domestic soda ash manufacturers was 440,000 tons, down from 540,000 tons last week, a decrease of 100,000 tons or 18.52%.