July 6th soda daily review

Analysis of soda ash market

Today, China's soda ash market continues to operate steadily. As of now, 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 - 2,150 yuan/ton; the price of light soda ash in North China is between 2,000 - 2,050 yuan/ton, and the price of heavy soda ash is between 2,000 - 2,200 yuan/ton; Recently, soda ash manufacturers still have some orders on hand. With the reduction of manufacturers 'supply, market inventories have declined simultaneously; The downstream market is operating weakly, and the sentiment towards soda ash prices is still strong, maintaining the focus on just-needed procurement.

Futures dynamics

According to Boduo data, the opening price of SA2309, the main contract for soda ash, on July 6, was 1686 yuan/ton, and finally closed at 1688 yuan/ton, holding 1148047 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.