May 18, 2024

The two alkali industries must pay close attention to the establishment of raw salt reserves to prevent foreign capital

Only 5% of China's crude salt production is used to produce salt, and most of it is used as industrial salt. Not long ago, the tide of domestic salt buying has subsided, but due to the fact that raw salt has the characteristics of concentrated production, low investment, low control costs, and high returns, the possibility of hot money speculation is relatively high. In this regard, the salt and alkali industry said that it is necessary to pay close attention to the establishment of the original salt reserve mechanism to prevent hot money speculating on industrial salt, raising market prices and disrupting market order.

Weifang is the country's main producing sea salt, accounting for 1/4 of the country's total salt production, accounting for 55% of the country's salt production, known as the national wind salt price standard. Yang Kuilin, president of Shandong Shouguang Salt Industry Chamber, said that Weifang produces 16 million tons of raw salt per year, with a daily production of about 43,800 tons. It is calculated according to the original salt market price of about 300 yuan (including tax) per ton. If the investor only needs to invest 100 million yuan in funds, he can buy off the original salt of Weifang, which will actually influence the price of raw salt in the country. Shouguang's six freight yards, namely Jiaohe, Yangkou, and Laohekou, can hold 1.2 to 2 million tons of salt deposits, and only about 600 million yuan can be bought out, so as to control the pricing power of the sea salt market and further affect the national wells. Mineral salt, lake salt prices.

Yang Kui-lin further pointed out that compared with leek, beryllium copper, natural rubber, and other natural resources, hot money to control raw salt, low cost, small capital, huge profit margins, non-professionals, ordinary speculators can also enter the operation, and the original salt is not deterioration No weather, no decay, easy preservation, no serious natural disasters or force majeure factors, safe and reliable, there are no problems in the preservation of more than five years. More importantly, the two bases in Shandong (soda ash and caustic soda) use 18 million tons of salt each year. The province's annual output of salt is 20 million tons, only about 2 million tons more, and Hebei, Liaoning, Tianjin and other places also need to come from Shandong. Salt is roughly 1.5 million tons per year in Hebei, 2 million tons in Liaoning and 1 million tons in Tianjin. From the fall of salt prices in 2007-2008 and 2009-2010, the average salt price at the end of the peak was RMB 90 per ton, the salt price at the peak was RMB 350 per ton, and the difference was as high as RMB 260 per ton. More than % profit. Yang Kui-lin believes that several major factors, such as the safe and reliable storage of Yanchao, and the huge profits, may induce hot money to enter the original salt market, which will bring a big impact to the industry.

Yang Kui-lin said that from the current wave of salt buying that swept across the country, hot money speculating on raw salt seemed to be only a matter of time. Whereas 95% of the original salt is used for the production of two alkalis, it is necessary to prevent hot money from speculating on industrial salt in the future. The most appropriate method is to establish the original salt reserve.

The head of raw material procurement of a soda ash production company in Jiangsu told CCIN reporters that, from a national point of view, the original salt production capacity is oversupplied, but the original salt production and sales are regional. It is entirely possible for hot money to speculate on raw salt. For the sake of operational safety, related companies have It is necessary to establish the original salt reserve as soon as possible. Wang Mingyu, deputy general manager of Shandong Haitian Chemical Co., Ltd., said that sea salt is a seasonal production, production is affected by the weather, and soda ash production salt is used throughout the year, so it should be based on the original salt market conditions, in the peak season of salt production and more storage, Filling up with Fengfeng also helps prevent market risks.

For the original salt reserves, there are also two alkali companies expressed concern: If the industry concentrates on the establishment of the original salt reserves, the more salt reserves supply the market will be less, the price will be artificially raised. In this regard, Shandong Bohui Chemical Co., Ltd. Purchasing Director Wang Feng believes that this requires specific treatment, when the original salt harvest, cheaper time can be more storage point, the industry's peak season to reduce procurement, so that the entire salt price of storage Will not cause too much volatility, the original salt prices can remain stable as a whole.

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