July 12 Daily Review of Soda Ash

Analysis of soda ash market

Today, the price of new orders in some areas of China's soda ash market has increased slightly. As of now, the price of light soda ash in Southwest China is between 2,050 - 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 North China is between 2,000 - 2,050 yuan/ton, and the price of heavy soda ash is between 2,050 - 2,200 yuan/ton; this month, there are more companies planning equipment maintenance in the market, and the overall market starting load is not high; The spot supply of soda ash manufacturers is tight and the inventory of manufacturers is low. Some companies are reluctant to sell, so they control the receipt of orders, and the price of new soda ash orders is running firm.

Futures dynamics

According to Boduo data, the opening price of SA2309, the main contract for soda ash, on July 12, was 1792 yuan/ton, and finally closed at 1828 yuan/ton, holding 1061367 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.