June 29 Daily Review of Soda Ash

Analysis of soda ash market

Today, China's soda ash market is horizontally organized. As of now, 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 2,000 - 2,200 yuan/ton; the price of light soda ash in East China is between 1,950 - 2,200 yuan/ton, and the price of heavy soda ash is between 2,050 - 2,100 yuan/ton; the inventory of soda ash manufacturers is low, and some manufacturers have orders until next month. Manufacturers have strong intention to stabilize prices, and prices in some regions have been slightly adjusted; The downstream market remains in need of procurement, and companies are cautious and wait and see. Recently, downstream float glass prices have declined. Companies are still resistant to the rise in soda ash. The market is not enthusiastic about stocking, and the soda ash market will continue to operate steadily in the short term.

Futures dynamics

According to Boduo data, the opening price of SA2309, the main contract for soda ash, on June 29, was 1634 yuan/ton, and finally closed at 1687 yuan/ton, holding 1142914 lots.

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.