Has the spot price of soda ash bottomed out by 400 in a row?

Mondo Finance Updated on 2024-03-01

News: Qinghai Development Investment Kunlun began to raise the negative, and it is expected to increase by 70% and increase the daily output by 1,800 tons. At present, the fourth line of Yuanxing has a daily output of 2,000 tons, and it is expected that after full production in March, the daily output of alkali will exceed 15,000 tons.

Last week's capacity utilization rate was 9052%, and the weekly production capacity increased to 82090,000 tons.

The weekly output is 74310,000 tons, an increase of 2 from the previous month480,000 tons.

Light alkali yield 30080,000 tons, down 0730,000 tons.

Heavy alkali yield 44230,000 tons, an increase of 3210,000 tons.

The proportion of heavy quality is 5952%, an increase of 242%。Soda plant inventory 84760,000 tons, an increase of 9910,000 tons.

Light alkali stock 42500,000 tons, an increase of 4130,000 tons.

Heavy alkali stock 42260,000 tons, an increase of 5710,000 tons.

Soda plant shipments 6440,000 tons, down 1310,000 tons.

Glass manufacturers purchase on demand, and the best merchants sell goods at low prices.

The profit of the soda plant continued to decline, the profit per ton of the ammonia-alkali plant was 345, down 246, and the profit per ton of the soda plant was 633, down 128.

The 03 contract has entered the delivery month, and the mainstream spot price in North China is 1900, down 400 years later, and there is still room for decline.

04 The contract is expected to be delivered at 1600-1700, and the alkali plant will have 1.20-1.3 million inventory at the end of March, and the spot ** will drop by another 200 points.

05 contract target 1600 points, expected by the end of April soda plant inventory of 1.5 million to 1.6 million tons.

Risk points: mainly due to unexpected production cuts and restrictions, resulting in a decline in soda ash output to 650,000 tons or below.

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