Analysis of soda ash market
Today, prices in some areas of China's soda ash market have been slightly lowered. As of now, the price of light soda ash in Central China is between 1,850 - 2,000 yuan/ton, and the price of heavy soda ash is between 2,050 - 2,100 yuan/ton; the price of light soda ash in North China is between 2,000 - 2,100 yuan/ton, and the price of heavy soda ash is between 1,950 - 2,200 yuan/ton; Today, some units in Jinshan, Henan Province were stopped for maintenance, and some units in Fengcheng Salt Chemical and Sichuan Hebang were repaired. The supply of soda ash in the market dropped slightly this week; some manufacturers still have to place orders, and manufacturers 'inventories remain low, and companies have strong intentions to stabilize prices; recently, the futures market is weak. The downward trend still has a certain impact on the spot market, and downstream companies are more cautious in purchasing.
Futures dynamics
According to Boduo data, the opening price of SA2309, the main contract for soda ash, on June 28, was 1676 yuan/ton, and finally closed at 1634 yuan/ton, holding 1221629 positions.
market outlook
The supply of soda ash market is sufficient, and enterprises have maintained a high level of start-up; the terminal market has a strong wait-and-see attitude, and enterprises are cautious in purchasing. It is expected that the soda ash market will maintain stable operation in the short term.
