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July 13 soda daily review

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July 13, 2023, 6:09 PM

Analysis of soda ash market

Today, China's soda ash market is mainly organized. As of now, the price of light soda ash in northwest China is 1,700 - 1,850 yuan/ton, and the price of heavy soda ash is 1,700 - 1,800 yuan/ton; the price of light soda ash in South China is 2,050 - 2,150 yuan/ton, and the price of heavy soda ash is 2,100 - 2,200 yuan/ton; the soda market has started to decline, the market supply is tight, and Salt Lake Magnesium Industry and Fengcheng Salt Industry have maintenance plans; At present, manufacturers have some orders in hand, but companies are reluctant to sell, and manufacturers 'quotations are firm; recently, soda ash futures have maintained an upward trend, and the price of current soda ash supply has increased.

 

Futures dynamics

According to Boduo data, the opening price of SA2309, the main contract for soda ash, on July 13, was 1840 yuan/ton, and finally closed at 1836 yuan/ton, holding 996907 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.