Core Viewpoint - The domestic soda ash market is experiencing a stable increase, with prices rising by 20-60 yuan/ton in certain regions, driven by maintenance activities and cautious purchasing behavior from downstream buyers [2][4]. Price Summary - In South China, light soda ash prices range from 1580 to 1670 yuan/ton, while heavy soda ash prices are between 1530 and 1700 yuan/ton [2]. - In Central China, light soda ash prices are at 1280-1390 yuan/ton, and heavy soda ash prices are at 1300-1450 yuan/ton [2]. - The overall market shows a price increase in South China, with a rise of 60 yuan/ton for light soda ash and 30 yuan/ton for heavy soda ash [1]. Market Dynamics - The industry operates at approximately 90% capacity, with some companies like Jiangsu Jingshen Chemical reducing output due to maintenance, while others like Tianjin Soda and Southern Soda are running at full capacity [2]. - The futures market for soda ash saw the main contract SA2509 open at 1375 yuan/ton and close at 1352 yuan/ton, reflecting a daily decline of 1.39% [3]. - The market is under pressure from upcoming delivery months and new production capacity in Lianyungang, leading to a generally weak market sentiment [3]. Future Outlook - The soda ash industry is expected to see a temporary decline in operating rates and production due to maintenance schedules, which may lead to a tightening supply and potential price increases [4]. - Continuous monitoring of major production facilities and inventory changes is recommended to assess the impact of maintenance on market dynamics [4].

2025-04-28 纯碱玻璃周度报告汇总 研究员：于小栋 从业资格号：F3081787 交易咨询从业证书号：Z0019360 目 录 C O N T E N T S 01 纯碱市场综述 02 月度供需 03 基差价差 04 纯碱市场价格 05 纯碱供应 06 纯碱需求 07 纯碱库存 08 仓单数量/有效预报 09 地产相关数据 01 玻璃市场综述 02 月度供需 03 基差价差 04 玻璃市场价格 05 玻璃供应 06 玻璃需求 07 玻璃库存 纯碱 玻璃 01 纯碱市场综述 目录 目 录 周度市场综述 | | | | | | 纯 碱 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 项 目 | 备 注 | 当 期 | 环 比 | 下期 (E) | 下下期 (E) | 思 路 | | | | 总产量（万吨） | | 75.51 | -0.05 | 73.71 | 69.94 | 阿拉善周内产量短时波动，供应整体高位运行；5月检修计划逐步明 | | | 供 应 | 重质产量（万吨） | | 41.55 | -0.10 | ...

Core Viewpoint - The domestic soda ash market is experiencing a stable upward trend, with price increases ranging from 5 to 30 yuan per ton, driven by supply dynamics and market sentiment [2][5]. Price Summary - Light soda ash prices in East China are between 1300-1500 yuan/ton, while heavy soda ash prices are between 1420-1500 yuan/ton [2]. - In Central China, light soda ash prices range from 1250-1390 yuan/ton, and heavy soda ash prices are between 1300-1450 yuan/ton [2]. - The market shows no significant price changes in various regions, with some minor fluctuations noted [1]. Market Dynamics - The trading atmosphere is described as moderate, with a strong sense of observation among market participants [2]. - Supply remains stable but under pressure, with some companies undergoing maintenance, which provides limited support to the market [2]. - The cost of production is slightly alleviated due to a minor decline in coal and raw salt prices, although the overall cost support remains limited [2]. Futures Market - On April 25, the main soda ash futures contract opened at 1376 yuan/ton and closed at 1365 yuan/ton, reflecting a daily decline of 0.29% [3]. - The trading volume increased, indicating a rise in market activity despite the price drop [3]. - Market sentiment is influenced by insufficient policy guidance following important meetings, but supply disruptions are expected to provide some support [3]. Short-term Outlook - The soda ash market is expected to maintain a narrow range of fluctuations in the short term, with pre-holiday stocking boosting market sentiment [5]. - As May approaches, planned maintenance by some companies is anticipated to reduce operational rates, leading to potential supply constraints [5]. - The actual impact of maintenance on supply will be a key focus moving forward [5].