July 18 Daily Review of Soda Ash

Analysis of soda ash market

Today, prices in some areas of China's soda ash market have increased slightly. As of now, the price of light soda ash in northwest China is between 1,700 - 1,900 yuan/ton, and the price of heavy soda ash is between 1,700 - 1,800 yuan/ton; 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 - 2,250 yuan/ton; Today, some maintenance companies in the market have resumed production, and the market supply has increased slightly. Currently, manufacturers still have some orders on hand, and the market supply is still tight; the soda ash market is generally weak and stable, and downstream companies maintain on-demand procurement, and the market has a strong wait-and-see attitude.

Futures dynamics

According to Boduo data, the opening price of SA2309, the main contract for soda ash, on July 18, was 1814 yuan/ton, and finally closed at 1845 yuan/ton, holding 918378 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.