July 5th soda daily review

Analysis of soda ash market

Today, China's soda ash market continues to remain 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 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 market start-up load has dropped, the supply of enterprises has decreased, downstream demand has remained average, and most purchases have been maintained just now. Enterprises have been cautious and wait and see, and the soda ash market has been operating weakly and steadily.

Futures dynamics

According to Boduo data, the opening price of SA2309, the main contract for soda ash, on July 5, was 1708 yuan/ton, and finally closed at 1686 yuan/ton, holding 1140364 lots.

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.