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Huatai Futures: Soda Ash Supply and Demand Still Remain Relatively Loose
In the spot market, the domestic soda ash market is weak, with prices declining and narrow fluctuations. Companies are slowing down destocking, gradually shifting toward inventory accumulation. The latest soda ash operating rate is 83.83%, with normal plant operations and no fluctuations. On the demand side, float glass is weak due to real estate data impacts. As spring maintenance concludes, soda ash inventories are expected to increase further. In the long term, supply and demand for soda ash remain relatively loose. (Huatai Futures)