Analysis of soda ash market
Today, the price of soda ash in China is rising steadily. 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 around 2100 yuan/ton; the price of light soda ash in South China is between 2,050 - 2,150 yuan/ton, and the price of heavy soda ash is between 2,150 - 2,200 yuan/ton; enterprises such as Shandong Haihua and Henan Jinshan have insufficient operation of soda ash plants, the overall operating rate of the industry is not high, and the supply of some sources in the market is tight; The soda ash market is operating in a volatile manner, and the wait-and-see attitude in the downstream market is still strong, and companies continue to focus on purchasing just in need.
Futures dynamics
According to Boduo data, the opening price of SA2309, the main contract for soda ash, on July 19, was 1848 yuan/ton, and finally closed at 1897 yuan/ton, holding 956960 lots.
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.
