May 25 soda daily review

Analysis of soda ash market

Today, the trend of China's soda ash market is weak. As of now, the price of light soda ash in Central China is between 1,700 - 1,850 yuan/ton, and the price of heavy soda ash is between 1,950 - 2,100 yuan/ton; the price of light soda ash in South China is between 2,050 - 2,200 yuan/ton, and the price of heavy soda ash is between 2,100 - 2,300 yuan/ton; the starting load rate of soda ash manufacturers has increased, and the inventory of soda ash manufacturers has declined. Futures prices continue to decline, market pessimism is strong, and futures merchants have obvious advantages in the price of supply. However, the market's enthusiasm for buying goods is not high, and the focus of market transactions has shifted downward.

Futures dynamics

According to Boduo data, the opening price of SA2309, the main contract for soda ash, on May 25, was 1614 yuan/ton, and finally closed at 1584 yuan/ton, holding 1317045 lots.

market outlook

Due to the continuous decline in the spot and futures markets in the soda ash market, the market mentality has been damaged. Some companies have installed equipment maintenance. Currently, the industry is operating at around 80%. Demand in the downstream market is still weak. Companies continue to need procurement, and the soda ash market continues to operate in a weak manner.