June 8 soda ash daily review

Analysis of soda ash market

Today, the low prices in some areas of China's soda ash market have increased slightly. As of now, the price of light soda ash in the northwest region is 1,700 - 1,850 yuan/ton, and the price of heavy soda ash is 1,700 - 1,800 yuan/ton; the price of light soda ash in the southwest region is 2,000 - 2,100 yuan/ton, and the price of heavy soda ash is 2,050 - 2,300 yuan/ton; At present, the transaction atmosphere in the soda ash market has improved. Most companies place orders until the end of the month, and manufacturers 'inventories continue to decline. Some manufacturers have tight supply, and companies have closed orders and will not quote for the time being. Recently, soda ash prices have fluctuated within a narrow range, and the downstream market has continued to need replenishment. Procurement is still relatively cautious.

Futures dynamics

According to Boduo data, the opening price of SA2309, the main contract for soda ash, on June 8, was 1636 yuan/ton, and finally closed at 1626 yuan/ton, holding 11417758 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.