June 5th soda daily review

Analysis of soda ash market

Today, China's soda ash market is showing an upward trend, with high prices in some regions slightly adjusted. As of now, the price of light soda ash in Central China is between 1,850 - 1,950 yuan/ton, and the price of heavy soda ash is between 2,050 - 2,150 yuan/ton; In East China, the price of light soda ash is between 1,900 - 2,100 yuan/ton, and the price of heavy soda ash is between 2,000 - 2,200 yuan/ton; At present, there is insufficient equipment operation in individual enterprises, and the overall industry start-up still maintains a high level; Today, most soda ash prices have increased by 50-100 yuan/ton. The market has a strong expectation of rising prices, but the downstream market is more cautious and wait-and-see, and the soda ash market may stabilize and improve.

Futures dynamics

According to Boduo data, the opening price of SA2309, the main contract for soda ash, on June 2, was 1718 yuan/ton, and finally closed at 1680 yuan/ton, holding 1129130 lots.

market outlook

Recently, some manufacturers have significantly gone to the warehouse, and the order receiving situation of enterprises has improved. In addition, the demand for heavy soda has been stable and improving, and light soda has remained in need of purchasing. Soda ash companies have obvious willingness to increase, and market prices are expected to continue to rise in the later period.