Soda ash has no solution, glass is waiting for rising

Glass: The industry is in a state of slight loss, and the output is lower than same period last year. 9.

The upward drive is gradually clear: the output of glass has been declining since August 2022, and the current output is lower than same period last year. 9. The demand is not good before the 15th day of the first lunar month, and the basis is not solid. It will not be clear until after the 15th day of the first lunar month. At present, due to the slow repayment in the past year, the stock of glass processing enterprises is very low, so once the demand recovers slightly after the festival, the demand recovery speed will be faster than production recovery speed, and it is likely to see a very fast destocking process.

Soda ash: The inventory is still tight, and the contradiction between supply and demand is still unresolved. The contradiction between supply and demand of

soda ash comes from better export and continuous production of photovoltaic glass. Photovoltaic glass has been put into production for 22 years with a daily melting capacity of 40,000 tons, while flat glass has been reduced. 1. Only by increasing production can this gap be solved. At present, the production capacity of alkali plants has been at the limit, and even alkali plants have taken the initiative to reduce overseas orders due to domestic constraints. The production of yuanxing Energy and Jinshan is in the second half of the year, so the 05 contract is still in a state of no solution. During the period of soda ash, the demand for light alkali stagnated, and the correlation between light alkali and consumption was high. With the end of the epidemic and the recovery of consumption, the demand for light alkali, which has been weakening in the past 15 months, will recover significantly. Production

of Soda Ash Bottleneck Area

Production of Soda Ash This Week 61.

The operating rate of Zijin Tianfeng futures

is also the highest

in the history of soda ash operating rate 91.

Data Source: Wind, General Administration of Customs," The production of flat

glass in Zijin Tianfeng Futures

continued to decline

. This week, the daily melting volume of flat glass increased slightly to 157,500 tons, almost the lowest level in nearly three years. 9% YoY.

is mainly due to:" It may be that the current glass production is too low. According to the statistics of Longzhong Chemical Industry, the

production capacity of photovoltaic glass continues to reach a new high

. Daily melting capacity has reached 8.

month, the heavy soda ash inventory of the float glass plant is 20 days, and the current soda ash inventory of the glass plant is continuously low." There is no obvious replenishment before the festival.

Price Difference

Glass Soda Ash 05 Contract Historical Maximum Price Difference

Position Historical Maximum

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