"Spot price of soda ash"
Soda soda: the mainstream transaction price of heavy soda is around 1500 yuan/ton.
[Supply and demand]
This week, the output of soda ash was 695,300 tons, a decrease of 15,000 tons from the previous month or 2.11%. The output of light alkali was 288,600 tons, a decrease of 0.42 million tons from the previous month. The output of heavy alkali was 406,700 tons, a decrease of 10,800 tons from the previous month.
This week, the total inventory of domestic soda ash manufacturers was 1,648,100 tons, an increase of 0.43 million tons or 0.26% compared with Monday. Among them, 701,400 tons of light soda ash decreased by 0.66 million tons, and 946,700 tons of heavy soda ash increased by 10,900 tons.
[analysis]
Soda soda: Due to the greater pressure of supply and demand and the continuous accumulation pattern, the overall pressure on the disk surface is greater, and the macro expectations have cooled down to a certain extent after the conference, and the disk surface has weakened. From the perspective of soda ash itself, the pattern of supply and demand is more obvious than that of glass surplus, and the production lines of downstream float glass and photovoltaic glass are obviously reduced, which intensifies the excess pressure of soda ash. According to the deduction of supply and demand, if there is no large load reduction in the market outlook, the industry accumulation pattern will continue. Therefore, the focus of the soda ash market is on the upstream negative situation. The short-term disk is driven by macro emotions, and it is expected to remain in a narrow fluctuation pattern. Short-term operation can be considered near the upper edge of the 01 fluctuation range of 1600.
[Operation suggestion]
Soda soda: the upper edge of the oscillation interval is short near 1600.
[Short-term view]
Soda soda: neutral.
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