SunSirs: Supply of Soda Ash Is Sufficient and the Market Is Temporarily Stable
October 17 2019 14:08:51 SunSirs (John)Price trend
According to the survey data of SunSirs, the market of soda ash in East China was temporarily stable on the 16th, with an average market price of about 1776.67 RMB/ton. On October 15, the commodity index of light soda ash was 91.11, up 1.37 points from the day before, down 22.70% from 117.86 (2017-11-21), the highest point in the cycle, and up 44.28% from 63.15, the lowest point on November 18, 2015. (Note: cycle refers to 2011-09-01 to now)
Analysis review
Supply: This week, Kunshan Jingang Industrial Group Corporation's soda ash plant was shut down for maintenance, soda ash price was raised, Jinshan Mengzhou plant area has not yet started driving, Jiangsu Huachang, Zhongyan Jilantai were shut down for maintenance. The overall starting load of Tianjin Bohua, Henan Jinshan and other enterprises is at a high level; after the national day, the downstream users have low enthusiasm for taking goods, obvious on-demand purchasing attitude, and the inventory of soda ash manufacturers has increased.
Demand: The downstream demand for light alkali is weak, the glass manufacturers have sufficient stocks, and the demand and consumption have not changed much. The market of downstream product is general, and the support for the soda ash market is weak.
Market outlook
The soda analyst of SunSirs believes that the domestic soda ash producers' starting load has remained high and the supply of goods is sufficient. At present, the stocks of soda ash manufacturers are mainly light soda, and the end users mainly purchase on demand. The demand of downstream float glass for heavy alkali has little change, and it is expected that the market of soda ash will be mainly consolidated in the later stage.
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