9.23纯碱日评：纯碱市场稳中偏弱运行

Group 1 - The overall domestic soda ash market is showing a stable yet slightly weak trend, with some regional price declines [2] - In North China, the mainstream price for light soda ash is maintained at 1170-1270 CNY/ton, while heavy soda ash is priced at 1220-1320 CNY/ton [2] - The supply from Hai Jing Yue He production line has returned to normal, leading to a slight increase in industry supply [2] Group 2 - The light soda ash price index on September 23 is 1184.29, a decrease of 4.29 from the previous working day, representing a -0.36% change [3] - The heavy soda ash price index is 1232.86, down 7.14 from the previous working day, indicating a -0.58% change [3] Group 3 - On September 23, the main futures contract SA2601 opened at 1287 CNY/ton and closed at 1273 CNY/ton, with an intraday decline of 2.60% [5] - The futures market is experiencing a weak oscillation pattern, influenced by the low sentiment in the chemical sector and the decline in glass futures prices [5] - Despite some pre-holiday inventory replenishment, the overall market sentiment remains cautious due to high supply levels and increasing losses for companies [5] Group 4 - Future supply of soda ash is expected to remain high, with limited maintenance plans, while demand is stable with modest support from pre-holiday stocking [6] - Current manufacturer inventory pressure is not significant, and there is a strong intention to maintain prices, suggesting that future prices will likely oscillate and stabilize [6]