July 4th soda daily review

Analysis of soda ash market

Today, the price of soda ash in China has remained stable. As of now, the price of light soda ash in Northwest China is between 1,700 - 1,850 yuan/ton, and the price of heavy soda ash is between 1,700 - 1,800 yuan/ton; 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; recently, the soda ash market has not changed much, and companies have mainly waited and see; This week, the operating load of the soda ash market dropped, and downstream demand remained average. Companies were cautious and kept purchasing as needed. The soda ash market did not change much.

Futures dynamics

According to Boduo data, the opening price of SA2309, the main contract for soda ash, on July 4, was 1692 yuan/ton, and finally closed at 1703 yuan/ton, holding 1130495 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.