January 16th News: On January 15th, the total inventory of domestic soda ash manufacturers reached 1.575 million tons, an increase of 10,300 tons compared to Monday, representing a rise of 0.66%. Specifically, light soda ash inventory stood at 837,000 tons, while heavy soda ash inventory was 738,000 tons. Chempricehub's analysis of soda ash indicates a long-short score of -1.5. On January 15th, the total inventory of soda ash manufacturers increased to 1.575 million tons, up by 10,300 tons (a rise of 0.66%) compared to the previous period. Among this, light soda ash inventory was 837,000 tons, and heavy soda ash inventory was 738,000 tons. The rise in inventory suggests increased pressure on the supply side and relatively weak demand, which may lead to downward pressure on spot prices. Combined with futures market data, the main soda ash contract, such as the 2605 contract, closed at 1,193 yuan per ton (down 17 yuan), while the 2603 contract closed at 1,160 yuan per ton (down 15 yuan), indicating a general decline in recent prices. Changes in open interest reflect a strong bearish sentiment in the market. The news of inventory growth may reinforce the downward trend in futures prices, exerting a generally bearish influence on the long-short balance.