July 10 Daily Review of Soda Ash

Analysis of soda ash market

Today, China's soda ash market fluctuates within a narrow range. As of now, the price of light soda ash in Central China is between 1,850 - 1,950 yuan/ton, and the price of heavy soda ash is between 2,050 - 2,100 yuan/ton; the price of light soda ash in Southwest China is between 2,000 - 2,050 yuan/ton, and the price of heavy soda ash is between 2,050 - 2,200 yuan/ton; At present, the start of soda ash enterprises is still insufficient. Shandong Haihua and Henan Zhongyuan are expected to resume maintenance in the near future, and the overall start of the industry is still not high; As soda ash companies deliver early orders, manufacturers have little inventory pressure, production and sales are basically balanced, the market has a strong wait-and-see attitude, and soda ash prices are basically stable.

Futures dynamics

According to Boduo data, the opening price of SA2309, the main contract for soda ash, on July 10, was 1700 yuan/ton, and finally closed at 1728 yuan/ton, holding 1204803 positions.

market outlook

The soda ash industry has not started high, the downstream demand for light soda is relatively stable, and the demand for heavy soda is improving. Enterprises are still cautious in purchasing. Currently, soda ash manufacturers have tight supply, and enterprises have strong intention to stabilize prices. It is expected that the soda ash market will fluctuate and operate stably in the short term.