June 7th 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 the northwest region is between 1,650 - 1,850 yuan/ton, and the price of heavy soda ash is between 1,700 - 1,800 yuan/ton; the price of light soda ash in the southwest region is between 2,000 - 2,100 yuan/ton, and the price of heavy soda ash is between 2,000 - 2,300 yuan/ton; there are not many maintenance companies in the industry recently, and some companies have maintenance plans in the latter part of the month; Due to the recent price increase of some soda ash manufacturers, the purchase of new orders in the market has increased, the inventory of manufacturers has been digested, and the market quotation has been firm; however, the purchasing attitude of the downstream market is still cautious, and the soda ash market may operate steadily.

Futures dynamics

According to Boduo data, the opening price of SA2309, the main contract for soda ash, on June 7, was 1651 yuan/ton, and finally closed at 1634 yuan/ton, holding 1104068 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.