Core Viewpoint - The main viewpoint indicates that the soda ash market is likely to maintain a range-bound fluctuation due to a weak balance between increasing supply and improving demand in the fourth quarter [1] Group 1: Supply Dynamics - After the summer maintenance, the supply of soda ash is expected to increase as the fourth quarter enters a high production season, compounded by the anticipated production from Far East Energy's second phase [1] - Both upstream and social inventories are at historically high levels, with delivery warehouse inventories continuing to rise, indicating ongoing accumulation pressure [1] - The cost side shows stability in coal and raw salt prices, but the short-term oversupply situation is unlikely to change, limiting the potential for price rebounds [1] Group 2: Demand Trends - Demand is showing structural differentiation, with rising prices in photovoltaic glass leading to marginal improvements in heavy alkali demand, while light alkali benefits from the arrival of the downstream peak season [1] - Overall downstream demand remains moderate, with companies primarily operating on a need basis and executing orders as necessary [1] Group 3: Market Sentiment - The domestic soda ash market is stable, with pre-holiday shipments and minimal fluctuations in operational rates among production facilities [1] - Some companies are undergoing maintenance, while others are planning to resume operations, contributing to a cautious market outlook [1] - The market is characterized by an overall oversupply, leading to a predominantly range-bound price movement with prices hovering at the bottom [1]