June 6th soda daily review

Analysis of soda ash market

Today, the price of soda ash in China is stable. As of now, the price of light soda ash in North China is between 2,000 - 2,050 yuan/ton, and the price of heavy soda ash is between 2,000 - 2,250 yuan/ton; the price of light soda ash in South China is between 2,050 - 2,150 yuan/ton, and the price of heavy soda ash is between 2,100 - 2,200 yuan/ton; at present, the soda ash market has remained high and the market supply is stable; Recently, orders received by some soda ash manufacturers have improved. Companies have sufficient orders and market quotations are firm. However, the purchasing attitude in the downstream market is still cautious, and soda ash prices are also facing certain difficulties.

Futures dynamics

According to Boduo data, the opening price of SA2309, the main contract for soda ash, on June 6, was 1690 yuan/ton, and finally closed at 1655 yuan/ton, holding 1082651 positions.

market outlook

Recently, some manufacturers have obviously gone to the warehouse, and the order receiving situation of enterprises has improved. In addition, the demand for heavy soda is stable and improving, and light soda remains in need of procurement. Soda ash companies are obviously willing to increase. However, the downstream market still has certain resistance to the upward trend of soda ash prices. It is expected that the soda ash market will operate steadily in the short term.