July 20 Daily Review of Soda Ash

Analysis of soda ash market

Today, the low price of soda ash in China's soda market continues to rise. As of now, the price of light soda ash in Central China is between 1,900 - 1,950 yuan/ton, and the price of heavy soda ash is between 2,100 - 2,150 yuan/ton; 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 - 2,200 yuan/ton; At present, soda ash manufacturers are still relatively sufficient orders, and manufacturers 'inventories continue to decline. Most manufacturers control receiving orders. The low-priced supply of soda ash in the market is gradually decreasing. The price of new soda ash orders is steadily rising. The downstream market purchases prudently to maintain demand, and the market is operating relatively well.

Futures dynamics

According to Boduo data, the opening price of SA2309, the main contract for soda ash, on July 20, was 1900 yuan/ton, and finally closed at 1975 yuan/ton, holding 925091 positions.

market outlook

Recently, the spot supply of soda ash has been tight, and the demand for heavy soda has improved, and the market quotation has remained firm; coupled with the volatility of futures prices, the soda ash market is still relatively wait-and-see attitude is still strong, and the market maintains a small upward trend.