July 17 Daily Review of Soda Ash

Analysis of soda ash market

Today, China's soda ash market is stable and moving slightly. As of now, the price of light soda ash in East China is between 1,950 - 2,150 yuan/ton, and the price of heavy soda ash is between 2,050 - 2,150 yuan/ton; the price of light soda ash in Central China is between 1,800 - 1,950 yuan/ton, and the price of heavy soda ash is between 2,050 - 2,100 yuan/ton; some enterprises in the soda industry still have installation maintenance, and the market starting load is not high; In the early stage, some manufacturers received orders well, manufacturers had sufficient orders, and manufacturers had low inventories. The supply of some models in the market was tight, and the overall price of the soda ash market was stable.

Futures dynamics

According to Boduo data, the opening price of SA2309, the main contract for soda ash, on July 17, was 1855 yuan/ton, and finally closed at 1810 yuan/ton, holding 915646 positions.

market outlook

Recently, the spot supply of soda ash has been tight, and the demand for heavy soda has improved, so the market quotation has remained firm; but futures prices have fluctuated, and the wait and see attitude in the soda ash market is still strong, and the market may maintain stable operation in the short term.