June 14 Daily Review of Soda Ash

Analysis of soda ash market

Today, China's soda ash market continues to operate steadily, and prices in some regions have adjusted slightly. As of now, the price of light soda ash in East China is between 1,900 - 2,150 yuan/ton, and the price of heavy soda ash is between 2,000 - 2,200 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; The start of soda ash enterprises is relatively stable. Today, Henan Jinshan equipment maintenance has reduced production burden, and Jiangsu Shilian expects maintenance to resume. The downstream market demand has not changed much. Due to the frequent price adjustments of soda ash in the early stage, companies are now more cautious in purchasing, and the soda ash market quotation is firm. It is expected that soda ash prices will continue to operate smoothly in the short term.

Futures dynamics

According to Boduo data, the opening price of SA2309, the main contract for soda ash, on June 14, was 1690 yuan/ton, and finally closed at 1695 yuan/ton, holding 1166696 positions.

market outlook

Recently, the start-up of soda ash companies has remained stable. This week, enterprises in some regions maintained equipment maintenance and reduced production, but it has no impact on supply. The market supply is sufficient. The downstream market is mostly purchased on demand. The demand performance is average. Soda ash companies have a strong sense of price support. It is expected that the soda ash market will operate steadily in the short term.