Soda ash is expected to rise, glass is affected by emotions and pulls back

In terms of soda ash, the spot market performed steadily and positively last week. The company has ample pending orders and smooth shipments. The supply of some companies is tight, and it is expected to increase next month. In terms of inventory, the total inventory of sample soda ash manufacturers last week was 329,700 tons, a month-on-month decrease of 45,900 tons, and the weight and weight decreased simultaneously. The sample soda ash inventory has not changed much. In terms of supply, compared with July, the number of maintenance companies decreased in August, and the supply will be improved. On the demand side and downstream float glass production lines, the resumption of work and production and the increase in photovoltaic glass production capacity will continue to increase the consumption of heavy alkali. On the whole, although the progress of photovoltaics is not urgently expected, the invisible inventory is expected to be gradually put on the market, and the market is negative, but it has not changed the long-term positive pattern. It is recommended to do more on dips, but pay attention to the premium on the board and grasp the rhythm.

For glass, supported by low inventory, the domestic spot market rose slightly last week, with an average national transaction price of 3041 yuan/ton.

Regional aspect, due to frequent rainfall in the Shahe market and average shipments, the inventory of manufacturers and traders increased slightly, and the focus of transactions was slightly shifted. With the support of downstream rigid products, prices in the Central China market rose steadily, and some The supply of specifications exceeds demand, and the industry still has expectations of rising market prospects; the South China market has good production and sales, and the downstream has entered a new round of replenishment, and even rushed goods; the production and sales of enterprises in the Northwest market are basically balanced, with limited room for growth. In terms of demand, although the current demand is acceptable, due to the increase in the price of original films, the return of funds from real estate is slow, the funds of processing plants are generally tight, and the orders are relatively cautious. In terms of inventory, the total inventory of sample companies across the country last week was 862,600 tons, a decrease of 5.33% month-on-month and 61.34% year-on-year. The inventory days were 8.32 days. On the whole, the disk has recently been disturbed by policy and other factors, but the spot supply and demand are still tight, prices are firm, and the tight balance pattern has not changed throughout the year. At present, the market has already discounted, so we believe that the correction is limited, and we suggest to do more on dips after stabilizing.