The soda ash market is stable and weakening, and manufacturers 'inventories are growing (5.25 Weekly Review of soda ash)
111,531 
May 26, 2023, 6:20 PM 1. Analysis of China's soda ash market
This week, China's soda ash market has remained weak. As of now, the mainstream ex-factory price of light soda in China is between 1,700 - 2,100 yuan/ton, and the mainstream price of heavy soda delivered to the terminal is between 1,850 - 2,200 yuan/ton. The soda ash market is weak, and the market price has dropped significantly; Under the influence of the continued decline in prices, market procurement is more cautious, maintaining the need for replenishment, and there is a strong sense of suppressing soda ash prices; Soda ash companies have started at a high level and market supply is stable. Some companies have reduced prices and shipped goods to cushion inventory pressure. In addition, futures have a clear advantage over spot prices, and the soda ash market has a strong pessimism.
Forecast for next week: The transaction atmosphere in the soda ash market is light, there are not many market maintenance companies, and the industry's operating rate is stable; the downstream of light soda is depressed, and prices continue to fall. Heavy soda companies maintain demand, and corporate costs are under pressure; soda ash companies are under pressure to ship new orders., and corporate profits are gradually shrinking, and the soda ash market will continue to stabilize and weaken.
2. 纯碱areas市场价格对比
Unit: yuan/ton
|
areas |
specifications |
May 18 |
on May 25 |
rise and fall |
previous month |
|
Northeast China |
light soda ash |
2400 |
2250 |
-150 |
-6.25% |
|
heavy sodium carbonate |
2500 |
2400 |
-100 |
-4.00% |
|
|
in North China |
light soda ash |
2300 |
2100 |
-200 |
-8.70% |
|
heavy sodium carbonate |
2300 |
2100 |
-200 |
-8.70% |
|
|
East China |
light soda ash |
2250 |
2150 |
-100 |
-4.44% |
|
heavy sodium carbonate |
2250 |
2050 |
-200 |
-8.89% |
|
|
central China |
light soda ash |
2100 |
1750 |
-350 |
-16.67% |
|
heavy sodium carbonate |
2250 |
2000 |
-250 |
-11.11% |
|
|
South China |
light soda ash |
2300 |
2100 |
-200 |
-8.70% |
|
heavy sodium carbonate |
2450 |
2200 |
-250 |
-10.20% |
|
|
southwestern region |
light soda ash |
2250 |
2050 |
-200 |
-8.89% |
|
heavy sodium carbonate |
2350 |
2150 |
-200 |
-8.51% |
|
|
northwestern region |
light soda ash |
2000 |
1700 |
-300 |
-15.00% |
|
heavy sodium carbonate |
1950 |
1750 |
-200 |
-10.26% |
3. Soda ash process profit statement
As of May 25 this week, the profit of the combined alkali method was 688 yuan/ton, down 262 yuan/ton from the previous week; the profit of the ammonia-alkali method was 500 yuan/ton, down 320 yuan/ton from the previous week.
|
production process |
May 18 |
on May 25 |
Weekly ups and downs |
rise and fall |
|
combined alkali method |
950 |
688 |
-262 |
-27.58% |
|
ammonia-soda process |
820 |
500 |
-320 |
-39.02% |
4. Equipment maintenance of soda ash enterprises
This week, the soda ash industry started at 88.0%, up 3.0% month-on-month last week. Among them, ammonia and alkali manufacturers start operating on average 94%, combined alkali manufacturers start operating on average 83%, and natural alkali plants start operating on average 95%. According to incomplete statistics, the output of soda ash manufacturers this week is about 590,000 tons.
|
List of equipment maintenance of soda ash enterprises on May 25, 2023 |
|||
|
process |
enterprise name |
production capacity |
device condition |
|
combined alkali method |
Fujian Yaolong |
40 |
Maintenance will start from September 11, 2022, and recovery time will be determined |
|
Xuzhou Fengcheng |
60 |
It will be stopped for maintenance on May 6 and is expected to resume at the end of the month |
|
|
Xiangyu Yanhua |
80 |
It was stopped for maintenance on May 9, and the device is being restored this week |
|
|
Jiangsu Shilian |
100 |
It will be stopped for maintenance on May 10, and the maintenance is expected to take about 20 days |
|
|
Gansu Jinchang |
20 |
At present, the company's equipment is under construction |
|
|
chlor-alkali process |
Shandong haihua |
300 |
At present, the company's equipment is under construction |
|
salt Lake magnesium industry |
120 |
At present, the company's equipment is under construction |
|
|
trona process |
Tongbai Haijing |
20 |
Currently, half of the enterprise's installation is under construction |
5. Soda ash manufacturer inventory
This week, the total inventory of Chinese soda ash manufacturers was 542,000 tons, compared with 538,000 tons last week, an increase of 4,000 tons month-on-month, an increase of 0.74%.
