July 3 soda soda daily review

Analysis of soda ash market

Today, prices in some regions of China's soda ash market have been reduced within a narrow range. As of now, the price of light soda ash in Southwest China is between 2,000 - 2,100 yuan/ton, and the price of heavy soda ash is between 2,050 - 2,200 yuan/ton; the price of light soda ash in Northeast China is between 2,100 - 2,200 yuan/ton, and the price of heavy soda ash ash is between 2,100 - 2,200 yuan/ton; at present, the soda ash enterprises in Jiangsu Jingshen, Xuzhou Fengcheng, and Shandong Haihua have repaired equipment, and the market supply has decreased slightly; Procurement in the downstream market remains cautious. Companies just need to purchase, and prices are weak and stable.

Futures dynamics

According to Boduo data, the opening price of SA2309, the main contract for soda ash, on July 3, was 1686 yuan/ton, and finally closed at 1690 yuan/ton, holding 1106262 positions.

market outlook

This week, the supply of soda ash in the market has decreased, soda ash prices have remained weak, downstream companies have been more cautious in purchasing, there have been few follow-up on new market orders, and company production and sales have basically remained balanced. It is expected that the soda ash market will continue to operate steadily in the short term.