25
2024
04

jili178howtocashin| Guotai Junan Futures: The domestic soda ash market is stable and strong, and is expected to be strong in the short term

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jili178howtocashin| Guotai Junan Futures: The domestic soda ash market is stable and strong, and is expected to be strong in the short term

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[The soda ash market is expected to be strong in the short-term and volatile] Guotai Junan Futures analysis pointed out thatjili178howtocashin, the current domestic soda ash market is showing a stable and strong trendjili178howtocashin, but the transaction atmosphere was a little dull. The operation of the company's units is basically stable, and some units that were suspended in the early stage are gradually resuming production, resulting in a slight increase in output and operating rate. However, downstream demand performance was tepid, and new price transactions were cautious, mainly focusing on appropriate replenishment. The short-term soda ash market was positively affected by the downstream replenishment of spot stocks, and manufacturers 'inventories fell accordingly. At the same time, as the market is currently slightly higher, current traders have also begun to replenish stocks, further pushing down spot inventories. However, traders face the problem of making transactions at high prices, mainly due to the high stock and in-transit inventory in the glass factory, which creates certain pressure after the delivery month. Although the market may face pressure in May, the market is expected to remain strong in the third quarter as the glass factory makes stock replenishment operations in advance in April to cope with the peak soda ash maintenance in the third quarter.

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